Detecting Fraudulent Financial Statements with Beneish M-Score during the Covid-19 Pandemic

Civta Darmawan, Harsana Harsana, Harti Budi Yanti

Abstract


Financial statements are used by many parties in making decisions. In recent years there have been frequent cases of fraudulent financial statements. Based on the report of the Association of Certified Fraud Examiners, the banking and financial sector occupies the top position in cases of fraudulent financial statements. One of model that is often used to find indications of manipulation in financial statements is Beneish M-Score. This study examines whether the Beneish M-Score can be used to predict manipulation in the financial statements of banking companies. The results showed that the Beneish M-Score could predict the manipulation of financial statements.


Keywords


fraudulent financial statement; beneish m-score; banking

Full Text:

PDF

References


Association of Certified Fraud Examiners. (2020). Asia Pacific Report to Nations. Association of Certified Fraud Examiners.

Bara, A., et.al. (2021). The Effectiveness of Advertising Marketing in Print Media during the Covid 19 Pandemic in the Mandailing Natal Region. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 4 (1): 879-886.

Beneish, MD (1999). The Detection of Earnings Manipulation. Financial Analyst Journal, 24-36.

Beneish, MD, Lee, CM, & Nichols, C. (2012). Fraud Detection and Expected Returns.

Christy, Y. E. (2018). Pendeteksian Kecurangan Laporan Keuangan dengan Beneish M-Score pada perusahaan Perbankan Terbuka. Jurnal Akuntansi Bisnis, Vol. 16, No. 1.

https://keuangan.kontan.co.id/news/bank-capital-baca-akan-rights-issue-73-dari-modal-disetor. Diakses pada 10 Juli 2022.

https://finansial.bisnis.com/read/20220215/90/1500429/lagi-finaccel-akan-akuisisi-35-persen-saham-bank-bisnis-bbsi. Diakses pada 5 Juli 2022.

https://finansial.bisnis.com/read/20220516/90/1533537/rugi-selama-2021-bank-panin-dubai-syariah-pnbs-jelaskan-ke-bursa. Diakses pada 5 Juli 2022.

https://finansial.bisnis.com/read/20220306/90/1507268/2021-rugi-bank-qnb-indonesia-bksw-membengkak. Diakses pada 5 Juli 2022.

https://market.bisnis.com/read/20220711/192/1553475/semarak-rights-issue-bbyb-bcic-nobu-agrs-siapa-kepincut-masuk. Diakses pada 12 Juli 2022.

https://regional.kompas.com/read/2022/07/07/155023178/kejati-banten-usut-perkara-dugaan-korupsi-bank-banten-dan-bulog. Diakses pada 10 Juli 2022.

https://retizen.republika.co.id/posts/10595/stimulus-ekonomi-pandemi-covid-19-industri-perbankan. Diakses pada 15 Juni 2022.

https://www.cnbcindonesia.com/market/20220629164019-17-351496/laporan-keuangan-disclaimer-ada-apa-dengan-estetika-tata. Diakses pada 6 Juli 2022.

Ikatan Akuntan Indonesia. (2013). Pernyataan Standar Akuntansi 1. Jakarta: Ikatan Akuntan Indonesia.

Indonesian Institute of Accountants. (2013). Statement of Accounting Standards 1. Jakarta: Indonesian Institute of Accountants.

Ikatan Akuntan Indonesia. (2013). Pernyataan Standar Akuntansi 1. Jakarta: Ikatan Akuntan Indonesia.

Ningrum, P.A., Hukom, A., and Adiwijaya, S. (2020). The Potential of Poverty in the City of Palangka Raya: Study SMIs Affected Pandemic Covid 19. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 3 (3): 1626-1634.

Otoritas Jasa Keuangan. (2020). Peraturan Otoritas Jasa Keuangan Nomor 11/POJK.03/2020 tentang Stimulus Perekonomian Nasional sebagai Kebijakan Countercyclical Dampak Penyebaran Coronavirus Disease 2019. Jakarta: Otoritas Jasa Keuangan.

Santosh, G. (2021). Does Model Reflect on Reality? Exploring Beneish M Score on Selected Private Commercial Banks in Nepal. The Journal of Nepalese Business Studies, Vol. XIV No. 1. DOI: https://doi.org/10.3126/jnbs.v14i1.41485

Sihombing, E.H., and Nasib. (2020). The Decision of Choosing Course in the Era of Covid 19 through the Telemarketing Program, Personal Selling and College Image. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 3 (4): 2843-2850.




DOI: https://doi.org/10.33258/birci.v5i3.6078

Article Metrics

Abstract view : 108 times
PDF - 59 times

Refbacks

  • There are currently no refbacks.


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

 

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