Crowe's Fraud Pentagon Theory Review Of Fraudulent Financial Statements With Audit Committee Moderation

Authors

  • Wulan Retnowati Univ. Sultan Ageng Tirtayasa
  • Sutrisno T Universitas Brawijaya
  • Erwin Saraswati Universitas Brawijaya
  • Wuryan Andayani Universitas Brawijaya

Keywords:

Fraud Pentagon Theory, Financial Statements, Audit Committee, Moderating Reggression Analysis

Abstract

Purpose This study aims to analyze the Pentagon fraud theory in detecting fraud in financial statements with the audit committee as a moderating variable.

Design/methodology/approach This study's population is manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. The research sample is 198 consisting of 66 company annual reports for three years. The analysis technique used in this study is multiple linear regression and uses the MRA (Moderating Regression Analysis) method through IBM SPSS version 26 software.

Findings The results showed that the variables of pressure and arrogance had an influence on fraud in financial statements, while the variables of opportunity, rationalization, and competence did not. Pressure and opportunity variables affect fraud in financial statements after being moderated by the audit committee variable, while the rationalization, competency, and arrogance variables have no effect.

Practical implications Practical benefits for stakeholders as a source of information regarding factors that can be detected as a cause of fraud in financial statements. That is expected to avoid or minimize fraud and fraudulent financial statements, which can later develop and harm many parties, especially business people.

Originality/value — The difference between this study and previous research lies in using variables, research objects, research periods, and measurements that previous researchers have not carried out.

Paper type Research paper

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Published

2024-04-01

How to Cite

Wulan Retnowati, T, S., Saraswati, E., & Andayani, W. (2024). Crowe’s Fraud Pentagon Theory Review Of Fraudulent Financial Statements With Audit Committee Moderation. The International Journal of Accounting and Business Society, 32(1). Retrieved from https://ijabs.ub.ac.id/index.php/ijabs/article/view/758

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