The aim of this study is to examine the element of fraud diamond theory against indications of fi... more The aim of this study is to examine the element of fraud diamond theory against indications of financial statement fraud. Fraud diamond theory is a further development of classical fraud triangle theory that used to determine the causes of fraud. The independent variable in this study is financial target as a proxy of pressure element, ineffective monitoring as a proxy of opportunity element, change of auditor as a proxy of rationalization element and change of director as a proxy of capability. Financial statement fraud, as a dependent variable, measured by Beneish M-Score that later classified as a fraud-indicated firm or non-fraud-indicated firm. Sample were selected using purposive sampling method resulted 36 companies in infrastructure, utility and transportation sector listed in Indonesia Stock Exchange during period year 2015-2019. Data analysis was conducted using the logistic regression model. The result of this study show that change of auditor is significant in detecting the occurange of financial statement fraud.
The aim of this study is to examine the element of fraud diamond theory against indications of fi... more The aim of this study is to examine the element of fraud diamond theory against indications of financial statement fraud. Fraud diamond theory is a further development of classical fraud triangle theory that used to determine the causes of fraud. The independent variable in this study is financial target as a proxy of pressure element, ineffective monitoring as a proxy of opportunity element, change of auditor as a proxy of rationalization element and change of director as a proxy of capability. Financial statement fraud, as a dependent variable, measured by Beneish M-Score that later classified as a fraud-indicated firm or non-fraud-indicated firm. Sample were selected using purposive sampling method resulted 36 companies in infrastructure, utility and transportation sector listed in Indonesia Stock Exchange during period year 2015-2019. Data analysis was conducted using the logistic regression model. The result of this study show that change of auditor is significant in detecting the occurange of financial statement fraud.
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