FINANCIAL STATEMENT FRAUD DETECTION IN HEXAGON FRAUD PERSPEKTIVE: A STUDY ON SUBSECTOR MANUFACTURING COMPANIES CONSUMER GOODS INDUSTRY

Abstract

Many companies in Indonesia are still involved in cases of financial statement reports. The research was conducted with the aim of analyzing the elements in the hexagon fraud to detect errors that occur in the financial statements. This study uses a population of companies in the consumer goods manufacturing sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2017-2020 period as many as 16 companies selected as samples using the purposive sampling method. The researcher uses the E-Views software (econometric view) version 9. According to Vusinas (2019), there are six factors that trigger the occurrence of conditions carried out by groups and individuals, namely pressure (pressure), opportunity (opportunity), rationality (rationalization), ability (ability), ego (arrogance) and collusion (collusion). However, the research results show that positively there is only one variable, namely finance which has an influence on financial statements. Then negatively there is one variable, namely the opportunity that has an influence on the financial statements. Meanwhile, there are six variables that have no influence on the vulnerability of financial statements, namely external pressure, financial targets, rationality, ability, arrogance and collusion.