PENDETEKSIAN KECURANGAN LAPORAN KEUANGAN DENGAN ANALISIS FRAUD TRIANGLE YANG DIADOPSI DALAM SAS NO.99

Abstract

The purpose of this study is to detect financial statement fraud using fraud triangle analysis adopted in SAS No.99. Fraud triangle theory by Cressey (1953) states there are three conditions that always present in fraud. These conditions are pressure, opportunity and rationalization. According to Cressey’s fraud triangle theory adopted in SAS No.99, the researcher develops variables which serve as proxy measures for fraud triangle components. In this study, financial statement fraud is proxied by earnings management. Manufacturing firms listed in Indonesian Stock Exchange 2009-2010 are the object of this study. Based on purposive sampling method, 176 sample firm are selected. Multiple regression analysis is used to test the hypothesis. The result of this study indicates that external pressure variable proxied by free cash flow ratio is negatively related to financial statement fraud. This study also indicates that financial targets variable proxied by Return On Asset, is positively related to financial statement fraud. This study does not indicates that financial stability variable proxied by ratio of change in assets, personal financial need variable proxied by the ratio of ownership in the firm held by insiders, and ineffective monitoring proxied by ratio of independent commissioner, are have a relationship with financial statement fraud proxied by earnings management.