Record Details

Hexagon Fraud Detection of Regional Government Financial Statement as A Fraud Prevention on The Pandemic Crisis Era

Wacana Journal of Social and Humanity Studies

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Field Value
 
Title Hexagon Fraud Detection of Regional Government Financial Statement as A Fraud Prevention on The Pandemic Crisis Era
 
Creator Sari, Shinta Permata
Khoiriah, Nikmar’ati
 
Subject fraudulent financial statements, fraud hexagon, local government, pandemic
 
Description The COVID-19 pandemic has paralyzed the world economic sectors in many countries, including Indonesia. Data from the Fiscal Policy Office of the Indonesia Ministry of Finance shows that economic contraction due to the pandemic has reached -5,32% in Q2 2020. In line with that increasing losses, the potential of fraudulent financial reporting by local governments can be increased if there are no strict supervision and detection.  The newest  Fraud  Hexagon  Model of  Vousinas (2019) is used to detect all factors of fraud in local government financial statements.  Fraud Hexagon presents pressure, opportunity, rationalization, competence, arrogance, and collusion as the factors of fraud detection. This study analyzes the local government financial statements of district/city government in East Java Provence, Indonesia from 2014-2018 as a sample that is obtained through the purposive sampling methods. Data analysis using logistic regression analysis and the results show that pressure (financial stability and financial targets), opportunity (ineffective monitoring ), competence, and arrogance affect the fraudulent of local government financial statements. Meanwhile, the results also present that pressure  (external pressure),  rationalization, and collusion do not affect the fraudulent of local government financial statements.
 
Publisher Pascasarjana Universitas Brawijaya
 
Contributor —
 
Date 2021-06-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://wacana.ub.ac.id/index.php/wacana/article/view/897
 
Source Wacana Journal of Social and Humanity Studies; Vol 24, No 2 (2021)
2338-1884
1411-0199
 
Language eng
 
Relation https://wacana.ub.ac.id/index.php/wacana/article/view/897/524
 
Rights Copyright (c) 2021 Wacana Journal of Social and Humanity Studies
 


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