ANALISIS FRAUD HEXAGON THEORY SEBAGAI PENDETEKSI KECURANGAN TERHADAP LAPORAN KEUANGAN

Abstract

This research aimed to detect the fraud potency of financial statements using the Fraud Hexagon
Theory which consists of pressure, opportunity, rationalization, capability, arrogance, and collusion.
The sixth elemnt measured by the variables of the financial target, nature of industry, auditor change,
director change, frequent number of CEO’s pictures, and the cooperation project with the government.
The research was quantitative. Moreover, the population was BUMN companies listed on the
Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling. In line with
that, thete were 12 BUMN companies as the sample during 5 years (2017-2021). In total, there were
60 data. However, there were 2 outlier data, so this research examined 58 observational data.
Furthemore, the data analysis technique used multiple linear regressions with SPSS 26. The result
showed that financial targets had a positive effect on financial statement fraud. In contrast, both nature
of industry and cooperation project with government had a negative effect on financial statement
fraud. Meanwhile, the auditor change, a director change, and frequent number of CEO’s pictures did
not effect financial statement fraud.