Authors :
Solikhin; Hadri Mulya
Volume/Issue :
Volume 7 - 2022, Issue 1 - January
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3s6pRcM
DOI :
https://doi.org/10.5281/zenodo.5930211
Abstract :
This look intends to capture signs of manipulation of financial statements or fraudulent financial
statements by entities upon conducting an IPO on the Indonesian Stock Exchange (IDX) for the 2017 - 2019 period
through the Beneish Ratio Index. This sort of look is
quantitative. The population of this take a look at is the
financial statements of companies listed at the IDX for the
period 2017 - 2019. The observed sample consists of the
financial statements of companies that carry out initial
public offerings (IPOs) at the IDX for the period 2017 -
2019. Sampling is performed with the aid of purposive
sampling. Facts series became accomplished on August
16, 2020. Data evaluation was carried out by analyzing the
beneish ratio, then making use of the Beneish M-Score
arithmetic index to find out the monetary statements that
describe signs of fraud. This look uses secondary information from the IDX website, namely the financial statements of organizations listed at the IDX. The effect of the
have a look at the show that 61% of the company's financial statements are classified as manipulators or there are
indicators of fraudulent financial statements and 39% of
financial statements are not labeled as manipulators or
non-fraud.
Keywords :
Fraudulent Financial Statements, Beneish Ratio Index, Beneish M-Score, Initial Public Offering, Manipulator, Non Manipulator
This look intends to capture signs of manipulation of financial statements or fraudulent financial
statements by entities upon conducting an IPO on the Indonesian Stock Exchange (IDX) for the 2017 - 2019 period
through the Beneish Ratio Index. This sort of look is
quantitative. The population of this take a look at is the
financial statements of companies listed at the IDX for the
period 2017 - 2019. The observed sample consists of the
financial statements of companies that carry out initial
public offerings (IPOs) at the IDX for the period 2017 -
2019. Sampling is performed with the aid of purposive
sampling. Facts series became accomplished on August
16, 2020. Data evaluation was carried out by analyzing the
beneish ratio, then making use of the Beneish M-Score
arithmetic index to find out the monetary statements that
describe signs of fraud. This look uses secondary information from the IDX website, namely the financial statements of organizations listed at the IDX. The effect of the
have a look at the show that 61% of the company's financial statements are classified as manipulators or there are
indicators of fraudulent financial statements and 39% of
financial statements are not labeled as manipulators or
non-fraud.
Keywords :
Fraudulent Financial Statements, Beneish Ratio Index, Beneish M-Score, Initial Public Offering, Manipulator, Non Manipulator
