PERAN AUDITOR TERHADAP PRAKTIK EARNINGS MANIPULATION DI KALANGAN PERUSAHAAN LQ45

Reskino Reskino, Siti Kurniasih

Abstract


Using the analysis of fraud theory developed by Reskino (2022), this study examines the relationship between employee diff, the big 4 auditors, auditor switching, the ethnic composition of directors on the board, and the ethnic composition of the audit committee on earnings manipulation. 55 samples of company data that were consistently included in the IDX LQ45 list from the Indonesia Stock Exchange (IDX) were used with the purposive sampling method. Using the Modified Jones Model with ROA which is believed to produce a higher adjusted R2 than the Modified Jones Model. The results of the research show that earnings manipulation that earnings manipulation still occurs within the company in the presence or absence of employee diff, auditor switching, Indonesian national board of directors and audit committee. However, the role of the big 4 auditors can reduce earnings manipulation. This research implies that it is hoped that regulators can issue regulations regarding disclosing more non-financial measures in financial statements so that users of financial reports can directly compare financial and non-financial measures. By knowing non-financial indicators in LQ45 companies, it is hoped that they conciseness make appropriate policies to mitigate risk in LQ45 companies.

Full Text:

PDF

References


Abdul Rahman, R., & Haneem Mohamed Ali, F. (2006). Board, audit committee, culture and earnings management: Malaysian evidence. Managerial Auditing Journal, 21(7), 783–804.

Aflatooni, A., Khazaei, M., & Nikbakht, Z. (2021). Earnings Manipulation and Adjustment Speed towards an Optimal Leverage. Advances in Mathematical …, 6(3), 567–588. https://doi.org/10.22034/AMFA.2020.1912619.1500

Akbarani, U. F., & Nurwulan, L. L. (2022). Pengaruh Kompetensi, Workload Dan Skeptisisme Profesional Auditor Terhadap Kemampuan Auditor Dalam Mendeteksi Kecurangan (Survey pada Auditor yang Bekerja di Kantor Akuntan Publik (KAP) di Kota Bandung yang Terdaftar di OJK). Doctoral Disertasi.

Aljinovic Barac, Z., Vuko, T., & Šodan, S. (2020). What can auditors tell us about accounting manipulations? Managerial Auditing Journal, 32(8), 788–809. https://doi.org/10.1108/MAJ-03-2017-1534

Baskaran, S., Nedunselian, N., Ng, C. H., Mahadi, N., & Abdul Rasid, S. Z. (2020). Earnings management: a strategic adaptation or deliberate manipulation? Journal of Financial Crime, 27(2), 369–386. https://doi.org/10.1108/JFC-07-2019-0098

Beneish, M. D. (2019). The Detection of Earnings Manipulation. Https://Doi.Org/10.2469/Faj.V55.N5.2296, 55(5), 24–36. https://doi.org/10.2469/FAJ.V55.N5.2296

Beneish, M. D., Lee, C. M. C., & Nichols, D. C. (2018). Earnings Manipulation and Expected Returns. Financial Analysts Journal, 69(2), 57–82. https://doi.org/10.2469/FAJ.V69.N2.1

Brazel, J. F., Jones, K. L., & Zimbelman, M. F. (2009). Using nonfinancial measures to assess fraud risk. Journal of Accounting Research, 47(5), 1135–1166. https://doi.org/10.1111/j.1475-679X.2009.00349.x

Bukit, R. B., & Nasution, F. N. (2015). Employee Diff, Free Cash Flow, Corporate Governance and Earnings Management. Procedia - Social and Behavioral Sciences, 211(September), 585–594. https://doi.org/10.1016/j.sbspro.2015.11.077

Carter, M. E., Lynch, L. J., & Zechman, S. L. C. (2005). The relation between executive compensation and earnings management: Changes in the post-Sarbanes-Oxley era. Workingpaper,(August.

Costa, C. M., & Soares, J. M. M. V. (2022). Standard Jones and Modified Jones: An Earnings Management Tutorial. Revista de Administracao Contemporanea, 26(2). https://doi.org/10.1590/1982-7849RAC2022200305.EN

Davidson III, W. N., Jiraporn, P., & DaDalt, P. (2006). Causes and consequences of audit shopping: an analysis of auditor opinions, earnings management, and auditor changes. Quarterly Journal of Business and Economics, 69–87.

Dechow, P., Ge, W., & Schrand, C. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2–3), 344–401.

Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. Accounting Review, 193–225.

Djanegara, M. S. (2017). Pengaruh kualitas audit terhadap kualitas laporan keuangan pemerintah daerah. Jurnal Akuntansi, 21(3), 461–483.

Handoko, M., & Ahmar, N. (2016). The effect of accrual earnings management, using Khotari Model Approach, on the performance of manufacturing companies listed in Indonesia Stock Exchange. The Indonesian Accounting Review, 5(1), 11. https://doi.org/10.14414/tiar.v5i1.485

Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance and disclosure in Malaysian corporations. Abacus, 38(3), 317–349.

Hassan, S. U., & Ahmed, A. (2012). Corporate governance, earnings management and financial performance: A case of Nigerian manufacturing firms. American International Journal of Contemporary Research, 2(7), 214–226.

Healy, P. M., & Wahlen, J. M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting Horizons, 13(4), 365–383.

Herusetya, A. (2012). Analisis kualitas audit terhadap manajemen laba akuntansi: Studi pendekatan composite measure versus conventional measure. Jurnal Akuntansi Dan Keuangan Indonesia, 9(2), 2.

Inaam, Z., Khmoussi, H., & Fatma, Z. (2012). Audit quality and earnings management in the Tunisian context. International Journal of Accounting and Financial Reporting, 2(2), 17.

Ismail, N. A. (2015). An Empirical Invistigation of Determinants Associated with Audit Report Lag in Jordan An Empirical Invistigation of Determinants Associated with Audit Report Lag in Jordan. January.

Ismail, N. I., Zakaria, N. B., & Sata, F. H. A. (2015). Auditors Roles Towards the Practice of Earnings Manipulation among the Malaysian Public Firms. Procedia Economics and Finance, 28(April), 145–150. https://doi.org/10.1016/S2212-5671(15)01093-X

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Kamal, M. E. M., Salleh, M. F. M., & Ahmad, A. (2019). Management fraud propensity factors, governance interactions and earnings manipulation: A case of malaysian public listed companies. International Journal of Recent Technology and Engineering, 8(3), 8649–8663. https://doi.org/10.35940/ijrte.C6455.098319

Kazemian, S., & Sanusi, Z. M. (2015). Earnings Management and Ownership Structure. Procedia Economics and Finance, 31, 618–624. https://doi.org/10.1016/S2212-5671(15)01149-1

Kurniawati, D. A., & Febiolla, C. V. (2022). Determinan Potensi Manipulasi Laba Perusahaan Manufaktur Go-Public dengan Menggunakan Fraud Score Model. Jurnal Akuntansi, 14(1), 23–34. https://doi.org/10.28932/JAM.V14I1.4022

Liu, W., & Liu, X. (2008). Auditor switching, earnings manipulation and auditor independence: Evidence from A-share listed companies in China. Frontiers of Business Research in China, 2(2), 283–302. https://doi.org/10.1007/s11782-008-0017-4

Melke, & Effendi, M. A. (2022). Faktor-faktor yang Mempengaruhi Manajemen Laba Pada Perusahaan Non Keuangan di BEI. E-Jurnal Akuntansi TSM, 2(2), 893–904. http://jurnaltsm.id/index.php/EJATSM

Muchtar, E. H. (2020). Corporate Goverment: Konsep Dan Implementasinya Pada Entimen Saham Syariah. Penerbit Adab, 262. https://books.google.com/books?hl=en&lr=&id=AdQeEAAAQBAJ&oi=fnd&pg=PR5&dq=%22indeks+saham+syariah%22+indonesia&ots=2PiuFChU7V&sig=s754zzmC-xvTzmf7047WwXhpnog

Mustahidda, R., & Wahyono, A. T. (2021). Pengaruh Karakteristik Dewan Direksi Terhadap Kinerja Perusahaan Perbankan Di Bursa Efek Indonesia. In Jurnal Ekonomi Bisnis dan Akuntansi (Vol. 2, Issue 1, pp. 59–64). UNIVERSITAS MAHASARASWATI DENPASAR. https://doi.org/10.55606/jebaku.v2i1.591

Ningsih, Y., & Reskino. (2023). Determinants of Fraud Detection Financial Reporting with Company Size as a Moderation Variable. International Journal of Social Science and Education Research Studies, 03(02), 313–321.

Nyakarimi, S. (2022). Probable earning manipulation and fraud in banking sector. Empirical study from East Africa. Cogent Economics and Finance, 10(1). https://doi.org/10.1080/23322039.2022.2083477

Oktavani, S., & Devie, D. D. (2017). Pengaruh Earnings Management terhadap Firm Value melalui Financial Performance sebagai variabel intervening pada perusahaan yang terdaftar di LQ 45. Business Accounting Review, 5(2), 25–36.

Praptitorini, M. D., & Januarti, I. (2014). Analisis pengaruh kualitas audit, debt default dan opinion shopping terhadap penerimaan opini going concern. Jurnal Akuntansi Dan Keuangan Indonesia, 8(1), 78–93.

Purwantini, A. H., Putri, I. D. R., & Waharini, F. M. (2021). Pengaruh Keberagaman Gender, Usia, dan Kebangsaan terhadap Kinerja Keuangan Perusahaan. ACE: Accounting Research Journal, 1(1), 17–30.

Puteri, N. N., & Reskino. (2023). Fraudulent Financial Statements Analysis Using Hexagon Fraud Approach With Audit Committee As Moderating Variable. International Journal of Business and Management Invention (IJBMI), 12(1), 35–48. https://doi.org/10.35629/8028-12013548

Putri, D. P. A., & Syafruddin, M. (2017). Pengaruh Arus Kas Bebas Dan Employee Difference Terhadap Manajemen Laba Dengan Kepemilikan Intitusional, Dewan Independen Dan Komite Audit Independen Sebagai Pemoderasi. (Doctoral Dissertation, Fakultas Ekonomika Dan Bisnis). http://eprints.undip.ac.id/52277/

Rachmi, M. R. N., & Reskino. (2023). Determinan Kinerja Lembaga Zakat: Peran Pencegahan Kecurangan Sebagai Variabel Mediasi Dengan Pendekatan Akuntansi Forensik Syariah. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 18(1), 111–138.

Reskino. (2022). Fraud Prevention Mechanism and their Influence on Performance of Islamic Financial Institutions. In PhD thesis, thesis, Universiti Teknologi MARA.

Reskino, & Anshori, M. F. (2016). Model Pendeteksian Kecurangan Laporan Keuangan. Jurnal Akuntansi Multiparadigma JAMAL, 7(2), 256–269.

Reskino, & Bilkis, M. S. (2022). Apakah Good Corporate Governance Memoderasi Hubungan Kecenderungan Kecurangan Manajemen Terhadap Fraudulent Financial Statement? Jurnal Kajian Akuntansi, 6(2), 280–305.

Reskino, Harnovinsah, & Hamidah, S. (2021). Analisis Fraud Tendency Melalui Pendekatan Pentagon Fraud: Unethical Behavior Sebagai Mediator. Ekuitas: Jurnal Ekonomi Dan Keuangan, 5(32), 98–117. https://doi.org/10.24034/j25485024.y2021.v5.i1.4675

Reskino, & Imam, I. C. (2016). Kajian Empiris Beban Pajak Tangguhan Dan Kepemilikan Institusional Terhadap Manajemen Laba. Jurnal InFestasi, 12(1), 55–65. http://journal.trunojoyo.ac.id/infestasi/article/view/1800/1488

Rusmin, R. (2010). Auditor quality and earnings management: Singaporean evidence. Managerial Auditing Journal.

Shahzad, A. (2016). Detecting Earning Management and Earning Manipulation in BRIC Countries; a Panel Data Analysis for Post Global Financial Crisis Period. International Journal of Accounting Research, 4(1), 1–10. https://doi.org/10.4172/2472-114x.1000134

Suyono, E. (2017). Berbagai Model Pengukuran Earnings Management: Mana yang Paling Akurat. Sustainable Competitive Advantage-7, December, 303–324.

Thamlim, W., & Reskino. (2023). Fraudulent Financial Reporting with Fraud Pentagon Perspective: The Role of Corporate Governance as Moderator. American Journal of Humanities and Social Sciences Research (AJHSSR), 07(01), 18–38.

Tuch, C., & O’Sullivan, N. (2007). The impact of acquisitions on firm performance: A review of the evidence. International Journal of Management Reviews, 9(2), 141–170.

Zakaria, N. B., & Daud, D. (2013). Does Big 4 affect the earnings response coefficient (ERC)? Evidence from Malaysia. Journal of Modern Accounting and Auditing, 9(9).

https://bizcovering.com/history/10-major-accounting-scandals/

https://davidparsaoran.wordpress.com/2009/11/04/skandal-manipulasi-laporan-keuangan-pt-kimia-farma-tbk/

https://www.id.wikipedia.org

https://www.cnbcindonesia.com/market/20200108162637-17-128611/kacau-bpk-sebut-jiwasraya-manipulasi-laba

https://davidparsaoran.wordpress.com/2009/11/04/skandal-manipulasi-laporan-keuangan-pt-kimia-farma-tbk/




DOI: http://dx.doi.org/10.31000/jmb.v12i1.8155

Article Metrics

Abstract - 608 PDF - 218

DOI (PDF): http://dx.doi.org/10.31000/jmb.v12i1.8155.g4081

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.