This research is conducted to analyze and obtain empirical evidence on the influence of fraud hexagon, consisting of stimulus/pressure, opportunity, rationalization, capability, arrogance, and collusion. The data used in this study is secondary data obtained from the www.idx.co.id website. With a purposive sample of 24 companies, the population in this study were companies included in the LQ-45 index from 2017 to 2021. Data analysis techniques use panel data regression analysis by using eviews 12.0. The results of the analysis show that the opportunity factor with nature of industry proxies affects the fraud of financial statements. Meanwhile, the pressure/stimulus factor with financial stability, rationalization factors with change in auditor proxies, capability factors with change of directors proxies, arrogance factors with CEO's picture proxies and collusion factors with project proxies with the government have no effect on financial statement fraud.Researchers are aware that this study has time constraints that can affect research results. The sample used in this study was only LQ-45 companies listed on the Indonesia Stock Exchange (IDX). Practical implications for investors in providing information about factors that can affect the potential for financial statement fraud against companies in the LQ-45 index, so that it can be used as a reference for investors to consider when investing in companies. Furthermore, this researcher is expected to contribute knowledge about the impact of hexagon fraud on financial statements.
fraud, fraud hexagon, LQ-45
Syifa Putri Maharani , Supriatiningsih , Samukri , Maria Suryaningsih "The Influence of the S.C.C.O.R.E Model on Financial Statement Fraud in LQ-45 Indexed Companies with the Beneish M-Score Method" Iconic Research And Engineering Journals Volume 7 Issue 3 2023 Page 24-35
Syifa Putri Maharani , Supriatiningsih , Samukri , Maria Suryaningsih "The Influence of the S.C.C.O.R.E Model on Financial Statement Fraud in LQ-45 Indexed Companies with the Beneish M-Score Method" Iconic Research And Engineering Journals, 7(3)