THE INFLUENCE OF CORPORATE GOVERNANCE ON FINANCIAL REPORT FRAUD WITH COMPANY SIZE AS A MODERATING VARIABLE IN INFRASTRUCTURE, UTILITIES, AND TRANSPORTATION COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE DURING THE PERIOD 2019-2021
Main Article Content
Zirda Kurnia*
Enggar Diah Puspa Arum
Rico Wijaya Z.
The primary objective of this research is to examine the impact of corporate governance, as indicated by the board of commissioners, audit committee, and institutional ownership, on financial statement fraud. Additionally, this study aims to investigate the moderating role of company size in this relationship. The target population for this study comprises infrastructure, utilities, and transportation companies that are listed on the Indonesia Stock Exchange during the period of 2019-2021. The sample for this research was selected using a purposive sampling method, resulting in a total sample size of 60 companies. Logistic regression analysis and moderating regression analysis were employed to analyze the data. The findings of this study reveal that both the board of commissioners and the audit committee have a significant influence on financial statement fraud. However, institutional ownership does not exhibit a significant impact on financial statement fraud. Furthermore, the results indicate that company size plays a role in strengthening the relationship between the board of commissioners and the audit committee in terms of financial statement fraud. Conversely, company size weakens the relationship between institutional ownership and financial statement fraud.
Adestian, Y. (2015). Pengaruh Dewan Komisaris, Dewan Direksi, Dewan Komisaris Independen, Komite Audit dan Ukuran Perusahaan pada Kinerja Perusahaan Perbankan. Jurnal Unidus, 1–13.
AICPA. (2002). Consideration of Fraud in A Financial Statement Audit. Diakses melalui https://www.aicpa.org/Reseacrh/Standards/AuditAttest/
Association of Certified Fraud Examiner (ACFE). (2019). Indonesian Chapter #111 Survei Fraud Indonesia. Diakses melalui https://acfe-indonesia.or.id.
Dewi, S. N. (2019). Pengaruh Mekanisme Corporate Governance Terhadap Kemungkinan Terjadinya Fraud (Studi Empiris Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia). BENEFIT Jurnal Manajemen Dan Bisnis, 4(2), 179–188.
Dzaki, M., & Suryani, E. (2020). Pengaruh Tata Kelola Perusahaan, Ukuran Perusahaan, dan Kinerja Keuangan Terhadap Fraudulent Financial Statement (Studi pada Perusahaan Badan Usaha Milik Negara Non-Keuangan yang Terdaftar di Bursa Efek Indonesia pada Tahun 2014-2018). Journal of Management, 7(1), 990–999.
Ferdinand, R., & Santosa, S. (2019). Factors that Influence Fraudulent Financial Statements in Retail Companies - Indonesia. JAAF (Journal of Applied Accounting and Finance), 2(2), 99. https://doi.org/10.33021/jaaf.v2i2.548
Handayani, R. T. (2020). Pengujian Structure Corporate Governance terhadap Fraudulent Financial Reporting di Perusahaan Property dan Real Estate. Jurnal Akuntansi Indonesia, 9(1), 53. https://doi.org/10.30659/jai.9.1.53-64
Haryani, & Syafruddin, M. (2022). Pengaruh Pengungkapan Struktur Corporate Governance Terhadap Kecurangan Pelaporan Keuangan. Jurnal Ekonomi Manajemn Dan AKuntansi, 52, 41–55.
Indrati, M., Hermanto, Purwaningsih, E., Agustinah, W., & Sarikha, A. (2021). Corporate Governance Mechanisms and Possible Financial Statements Containing Fraud. Budapest International Research and Critics Institute Journal, 4(4), 8609–8621.
Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. The Economic Nature of the Firm: A Reader, Third Edition, 283–303. https://doi.org/10.1017/CBO9780511817410.023
Khuluqi, K. (2022). Pengaruh Fraud Pentagon Terhadap Kecurangan Laporan Keuangan Dengan Ukuran Perusahaan Sebagai Pemoderasi. 21(September), 198–211.
Kurniawan, A. A., Hutadjulu, L. Y., & Simanjuntak, A. M. A. (2020). Pengaruh Manajemen Laba Dan Corporate Governance Terhadap Kecurangan Laporan Keuangan. Jurnal Akuntansi Dan Keuangan Daerah, 15(1), 1–14. https://doi.org/10.52062/jakd.v15i1.1461
Mulyadianto, A., Kirana, D. J., & Wijayanti, A. (2020). Kontribusi Corporate Governance Dalam Mengurangi Kecurangan Laporan Keuangan. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 297–308. https://doi.org/10.37641/jiakes.v8i3.369
Nasution, M., & Setiawan, D. (2007). Pengaruh Corporate Govenance Terhadap Manajemen Laba Di Industri Perbankan Indonesia. Simposium Nasional Akuntansi X, X, 1–26. www.multiparadigma.lecture.ub.ac.id
Nugroho, D. S., & Diyanty, V. (2022). Hexagon Fraud in Fraudulent Financial Statements: the Moderating Role of Audit Committee. Jurnal Akuntansi Dan Keuangan Indonesia, 19(1), 46–67. https://doi.org/10.21002/jaki.2022.03
Nursiam, & Ghaisani, H. M. (2021). Pengaruh Tata Kelola Perusahaan Terhadap Potensi Kecurangan Laporan Keuangan. Seminar Nasional Ahmad Dahlan Accounting Fair (SNAF), 1–17.
Peraturan Otoritas Jasa Keuangan (POJK). (2014). POJK Nomor 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik. Diakses melalui https://www.ojk.go.id/id/
Priantara, D. (2013). Fraud Auditing & Investigation. Mitra Wacana.
Peraturan Otoritas Jasa Keuangan (POJK). (2015). POJK Nomor 55/POJK.04/2015 tentang Penerapan Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. Diakses melalui https://www.ojk.go.id/id/
Ressidnarry, L., & Sjarief, J. (2021). Analisis Pengaruh Kebangkrutan, Auditor Spesialisasi Industri Dan Corporate Governance Terhadap Fraudulent Financial Reporting. BALANCE: Jurnal Akuntansi, Auditing Dan Keuangan, 18(1), 27–51. https://doi.org/10.25170/balance.v18i1.2297
Saputra, A. (2017). Pengaruh Sistem Internal , Kontrol , Audit Internal dan Penerapan Good Corporate Governance Terhadap Kecurangan ( FRAUD ) perbangkan ( Studi Kasus Pada Bank Syariah Anak Perusahaan BUMN di Medan ). 1.
Sari, P. N., & Husadha, C. (2020). Pengungkapan Corporate Governance Terhadap Indikasi Fraud dalam Pelaporan Keuangan. Jurnal Ilmiah Akuntansi Dan Manajemen, 16(1), 46–56.
Susanti. (2017). Pengaruh Leverage, Likuiditas, Ukuran Perusahaan, dan Kualitas Audit Terhadap Kualitas Informasi Laporan Keuangan. Akuntansi Dewantara, 1(1), 85–95. https://jurnal.ustjogja.ac.id/index.php/akuntansidewantara/article/view/39
Syahfitri, M., Ermayana, H. N. ., & Putra, A. . (2020). Dampak Corporate Governance, Financial Stability, Dan Financial Target Dalam Kecurangan Laporan Keuangan. JURNAL AKUNIDA, 7(1), 44–59. https://www.ptonline.com/articles/how-to-get-better-mfi-results
Tan, N. A., & Chariri, A. (2022). Pengaruh Proporsi Dewan Komisaris Independen, Aktivitas Komite Audit, dan Kepemilikan Manajerial Terhadap Kecurangan Laporan Keuangan. Diponegoro Journal of Accounting, 11(4), 1–13.
Thendean, C. A., & Meita, I. (2018). Pengaruh Ukuran Dewan Komisaris dan Ukuran Dewan Direksi Terhadap Nilai Perusahaan dengan Kepemilikan Institusional Sebagai Variabel Moderasi. 21(2), 152–162.
Triyani, O., Kamalia, & Azwir. (2019). Pengaruh Good Corporate Governanceterhadap Kecurangan Laporan Keuangan dengan Manajemen Laba sebagaiVariabel Moderating. Jurnal Ekonomi, 27(1), 27–36.
Wicaksono, G. S., & Chariri, A. (2015). Mekanisme Corporate Governance Dan Kemungkinan Kecurangan Dalam Pelaporan Keuangan. Diponegoro Journal of Accounting, 4(4), 552–563.
Widowati, A. I., & Oktoriza, L. A. (2021). Analisis Corporate Governance Terhadap Financial Statement Fraud. Jurnal Stie Semarang, 13(2), 1–9.
