Fraudulent Financial Statement In Bumn Listed On Indonesia Stock Exchange: Fraud Hexagon Theory Approach
Keywords:
BUMN Go Public, Fraud Hexagon Theory, Fraudulent financial statementAbstract
This study aims to analyze the factors that influence fraudulent financial statement based on the fraud hexagon theory approach which reduces the existence of pressure variables with liquidity and leverage proxies; opportunity with KAP Big 4 proxies and the proportion of independent commissioners; rationalization proxy auditor change, capability proxy CEO experience and CEO education, arrogance with proxy Frequency Photo Of CEO and collusion with proxy audit fee. The object of research is 22 BUMN companies listed on the Indonesia Stock Exchange for the period 2019-2023 with a total of 110 data obtained through purposive sampling. The analysis method used is panel data binary logistic regression. The results showed that KAP Big 4 had a negative effect; ceo education had a negative effect and audit fees had a positive effect on fraudulent financial statement while the variables of liquidity, leverage, proportion of independent commissioners, auditor change, ceo experience and Frequency Photo Of CEO had no effect on fraudulent financial statement. This research provides policy and practice development against fraudulent financial statement by regulators.Downloads
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2025-07-31
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Fraudulent Financial Statement In Bumn Listed On Indonesia Stock Exchange: Fraud Hexagon Theory Approach. (2025). Proceeding of International Conference on Economics, Technology, Management, Accounting, Education, and Social Science (ICETEA), 1, 324-355. https://conference.unita.ac.id/index.php/icetea/article/view/384
