Mechanism of Hexagon Fraud Detection in Mitigating Fraudulent Financial Reporting
DOI:
https://doi.org/10.38035/dijefa.v6i6.5836Keywords:
fraudulent financial reporting, fraud hexagon, regional development banksAbstract
This study aims to examine the effect of the fraud hexagon on fraudulent financial reporting at Regional Development Banks in Indonesia from 2019 to 2022. This research method uses a quantitative approach to examine the effect of independent variables on dependent variables. The research sample used a purposive method with a sample size of 104. The data source for this research was obtained from the ojk.go.id website. The data analysis method used was logistic regression in SPSS 26. The results of the research indicate that financial targets, financial stability, external pressure, ineffective monitoring, director in change, and government projects have a positive effect on fraudulent financial reporting. Meanwhile, the nature of the industry, auditor in change, CEO picture, and political connections have no effect on fraudulent financial reporting. The results of this study have implications for provincial governments in Indonesia to mitigate the risk of fraud in financial statements by considering factors that can influence fraudulent acts in the financial statements of Regional Development Banks.
References
Achmad, T., Ghozali, I., & Pamungkas, I. D. (2022). Hexagon Fraud: Detection of Fraudulent Financial Reporting in State-Owned Enterprises Indonesia. Economies, Vol. 10. https://doi.org/10.3390/economies10010013
Adriyansyah. (2022). Kasus Fraud Bank BPD Sulselbar, Ada 31 Orang Tercatat dalam Pembukuan Bank. Retrieved October 20, 2023, from Sulbar Raya website: https://mamuju.inews.id/read/215997/kasus-fraud-bank-bpd-sulselbar-ada-31-orang-tercatat-dalam-pembukuan-bank
Agusputri, H., & Sofie. (2019). Faktor-Faktor Yang Berpengaruh Terhadap Fraudulent Financial Reporting Dengan Menggunakan Analisis Fraud Pentagon. Jurnal Informasi Perpajakan, Akuntansi Dan Keuangan Publik, 14(2), 105–124.
Alfarago, Dio, Syukur, Muhammad, & Mabrur, A. (2023). The Likelihood Of Fraud From The Fraud Hexagon Perspective: Evidence From Indonesia. ABAC Journal, 43(1), 34–51.
Association_of_Certified_Fraud_Examiners_(ACFE). (2022). Occupational Fraud 2022: A Report to the Nations.
Bawekes, H. F., Simanjuntak, A. M. A., & Daat, S. C. (2018). Pengujian Teori Fraud Pentagon Terhadap Fraudulent Financial Reporting (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015). Jurnal Akuntansi & KeuanganDaerah, 13(1), 114–134.
Budiyanto, W., & Puspawati, D. (2022). Analisis Fraud Hexagon dalam Mendeteksi Financial Statement Fraud. Proceeding National Conference on Accounting & Fraud Auditing (NCAFA), 3(1), 1–17.
Chimonaki, Christianna, Papadakis, Stelios, & Lemonakis, C. (2023). Perspectives in Fraud Theories – A Systematic Review Approach. F1000Research, 12(933), 1–19.
Darmawan, Agung, Nazar, Shinta N., Wulandari, R., & Afridayani. (2021). Fraud Pentagon dan Fraudulent Financial Statements Di Property, Real Estate, dan Building Constructions. Conference on Economic and Business Innovation, 1–20.
Dewi, C. K., & Yuliati, A. (2022). Pengaruh Fraud Hexagon Terhadap Kecurangan Laporan Keuangan (Studi Empiris Pada Perusahaan Makanan dan Minuman Yang Terdaftar di BEI). Jurnal Riset Terapan Akuntansi, 6(2), 115–128.
Fajri, Mirza, A. N., Febrianti, Gita B., & Rahmayani, S. (2023). Pengaruh Fraud Hexagon terhadap Kecurangan Laporan Keuangan pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2021. ULIL ALBAB : Jurnal Ilmiah Multidisiplin, 2(2), 767–780.
Fernando, A., & Apriwenni, P. (2022). Analisis Pengaruh Hexagon Fraud Theory Terhadap Kecurangan Laporan Keuangan (Studi Kasus Pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019). Jurnal Institut Dan Bisnis Informatika Kwik Kian Gie Jakarta, 1–19.
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25. Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, I. (2018a). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25. Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, I. (2018b). Aplikasi Analisis Multivariate dengan Program SPSS-Imam Ghozali-2018. Badan Penerbit Universitas Diponegoro.
Handoko, Bambang, Wiyardi, Eunice, & Handoko, J. (2022). The Application of Beneish M-Score Method in Detecting Fraudulent Manipulation on Financial Statements (Case Study of Indonesian Government-State Owned Enterprise (SOE) Registered on Indonesian Stock Exchange 2016-2020. https://doi.org/10.1145/3556089.3556106
Hartadi, B. (2022). Pengaruh Fraud Hexagon terhadap Fraudulent Financial Statements pada Perusahaan Badan Usaha Milik Negara Indonesia yang Terdaftar di BEI pada Tahun 2018-2021. Jurnal Pendidikan Tambusai, 6(2), 14883–14896.
Imtikhani, L., & Sukirman. (2021). Determinan Fraudulent Financial Statement Melalui Perspektif Fraud Hexagon Theory Pada Perusahaan Pertambangan. Jurnal Akuntansi Bisnis, 19(1), 96–113.
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 3(10), 305–360.
Natalia, E., & Kuang, T. M.. (2023). Pengujian Fraud Triangle Theory Dalam Menjelaskan Kecurangan Laporan Keuangan Menggunakan Beneish M-Score. Owner: Riset & Jurnal Akuntansi, 7(2), 1752–1764.
Novarina, D., & Triyanto, D. N. (2022). Pengaruh Fraud Hexagon Terhadap Kecurangan Laporan Keuangan Pada Perusahaan LQ 45 Yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020. Jurnal Akuntansi Dan Keuangan (JAK), 10(2), 182–193.
Octani, Jihan, Dwiharyadi, Anda, & Djefris, D. (2022). Analisis Pengaruh Fraud Hexagon Terhadap Fraudulent Financial Reporting Pada Perusahaan Sektor Keuangan yang Terdaftar di Bursa Efek Indonesia Selama Tahun 2017-2020. Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia (JABEI), 1(1), 36–49.
Pati, Kiki Andi, & Rusiana, D. A. (2022). Eks Karyawan di Bank Sultra Gelapkan Uang Nasabah Rp 1,9 Miliar untuk “Trading Online” Begini Modusnya. Retrieved October 20, 2023, from Kompas - Regional website: https://regional.kompas.com/read/2022/09/15/074523378/eks-karyawan-bank-di-sultra-gelapkan-uang-nasabah-rp-19-miliar-untuk?page=all
Permatasari, D. (2021). Fraud Pentagon Sebagai Alat Pendeteksi Financial Statement Fraud: Literatur Review. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), 6(4), 546–557.
Purwaningtyas, N. A., & Ayem, S. (2021). Analisis Fraud Pentagon dalam Mendeteksi Kecurangan Laporan Keuangan (Studi Kasus pada Perusahaan Perbankan yang Terdaftar di BEI Tahun 2014-2018). Jurnal Kajian Bisnis, 29(1), 67–89.
Ramdany, Musfita, Risha, & Darwis, H. (2020). Analisa Faktor-Faktor Yang Mempengaruhi Kecurangan Laporan Keuangan : Model Fraud Diamond. Jurnal Ekonomi Bisnis, 19(2), 157–166.
Sagala, S. G., & Siagian, V. (2021). Pengaruh Fraud Hexagon Model Terhadap Fraudulent Laporan Keuangan pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di BEI Tahun 2016-2019. Jurnal Akuntansi, 13(2), 245–259.
Sari, S. P., & Hanafi, M. M. (2023). Detecting Of Probability Of Financial Statement Fraud Using Fraud Hexagon Model: Evidence From Indonesian Public Companies. Tax Accounting Applied Journal, 02(01), 24–39.
Sari, S. P., & Khoiriah, N. (2021). Hexagon Fraud Detection of Regional Government Financial Statement as A Fraud Prevention on The Pandemic Crisis Era. Asia Pacific Fraud Journal, 24(2), 90–97.
Sari, S. P., & Nugroho, N. K. (2020). Financial Statements Fraud dengan Pendekatan Vousinas Fraud Hexagon Model: Tinjauan pada Perusahaan Terbuka di Indonesia. 1st Annual Conference on IHTIFAZ: Islamic Economics, Finance, and Banking (ACI-IJIEFB), 409–430.
Sekaran, U, & Bougie, R. (2017). Metode Penelitian untuk Bisnis: Pendekatan Pengembangan-Keahlian,Edisi 6, Buku 1, Cetakan Kedua. Jakarta: Salemba Empat.
Senvar, O., & Hamal, S. (2022). Examining Fraudulent Financial Statements of Small and Medium Sized Enterprises (SMEs) from Different Sectors in Turkey. European Journal of Science and Technology, (41), 211–220.
Septriani, Y., & Handayani, D. (2018). Mendeteksi Kecurangan Laporan Keuangan dengan Analisis Fraud Pentagon. Jurnal Akuntansi, Keuangan Dan Bisnis, 11(1), 11–23.
Setiawati, E., & Baningrum, R. M. (2018). Deteksi Fraudulent Financial Reporting Menggunakan Analisis Fraud Pentagon : Studi Kasus Pada Perusahaan Manufaktur Yang Listed Di BEI Tahun 2014-2016. Riset Akuntansi Dan Keuangan Indonesia, 3(2), 91–106.
Setyono, D., Hariyanto, E., Wahyuni, S., & Pratama, B. C. (2023). Penggunaan Fraud Hexagon dalam Mendeteksi Kecurangan Laporan Keuangan. Owner: Riset & Jurnal Akuntansi, 7(2), 1036–1048.
Siregar, R. A. (2022). Kasus Fraud Bank Riau, OJK Minta Nasabah Lapor Jika Tabungan Hilang. Retrieved October 20, 2023, from Detiksumut-Bisnis website: https://www.detik.com/sumut/bisnis/d-6154701/kasus-fraud-bank-riau-ojk-minta-nasabah-lapor-jika-tabungan-hilang?single=1
Suryani, I. C.. (2019). Analisis Fraud Diamond Dalam Mendeteksi Financial Statement Fraud: Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2016 – 2018. Seminar Nasional Cendekiawan Ke-5 Buku 2: Sosial Dan Humaniora, 1–6.
Tarjo, A. A., & Sakti, E. (2021). Detecting Indications of Financial Statement Fraud: a Hexagon Fraud Theory Approach. AKRUAL: Jurnal Akuntansi, 13(1), 119–131.
Turrahma, A. (2019). Deteksi Financial Statement Fraud Dengan Analisis Fraud Pentagon Theory. Jurnal STIE Perbanas Surabaya, 1–20.
Vousinas, G. (2019). Advancing theory of fraud: the S.C.O.R.E. model. Journal of Financial Crime, 26(1), 372–381. https://doi.org/10.1108/JFC-12-2017-0128
Wilestari, M., & Fujiana, N. (2021). Analisis Pengaruh Diamond Fraud Terhadap Financial Statement Fraudulent (Studi Empiris pada Perusahaan BUMN NonBank yang terdaftar di Bursa Efek Indonesia (BEI) Tahun 2015-2019). AKRUAL Jurnal Akuntansi Dan Keuangan, 3(1), 1–14.
Yanti, L. D., & Riharjo, I. B. (2021). Pendeteksi Kecurangan Pelaporan Keuangan Menggunakan Fraud Pentagon Theory. Jurnal Ilmu Dan Riset Akuntansi, 10(5), 1–23.
Yunarko, I. D. (2021). Analisis Faktor-Faktor Yang Mempengaruhi Struktur Modal Dan Dampaknya Terhadap Nilai Perusahaan Manufaktur Yang Terkoneksi Politik Yang Terdaftar Di Bursa Efek Indonesia Periode 2014 - 2019. Universitas Satya Negara.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Tedy Zulqirofik, Surya Raharja
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
