ANALISIS POTENSI RISIKO FINANCIAL STATEMENT FRAUD MENGGUNAKAN FRAUD SCORE MODEL PADA PERUSAHAAN PENGGUNA JASA KAP BIG FOUR DAN KAP NON BIG FOUR (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2011)

Abstract

ABSTRAK Penelitian ini bertujuan untuk menguji apakah tingkat risiko financial statement fraud pada perusahaan pengguna jasa KAP big four berbeda dari perusahaan pengguna jasa KAP non-big four. Variabel yang digunakan dalam penelitian ini adalah accrual quality yang diproksikan dengan RSST akrual, financial performance yang diproksikan dengan change in receivable, change in inventory, change in cash sales, dan change in earnings, dan variabel market incentives yang diproksikan dengan earning to price. Pendeteksian tingkat risiko financial statement fraud menggunakan fraud score (F-score) yang merupakan penjumlahan dari accrual quality, financial performance, dan market incentives. Populasi dari penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2009-2011. Total sampel adalah 90 perusahaan manufaktur yang terdiri dari 38 perusahaan pengguna jasa KAP big four dan 52 perusahaan pengguna jasa KAP non-big four. Penelitian ini menggunakan statistik deskriptif untuk menganalisis data dan uji beda independen untuk menguji hipotesis. Hasil penelitian menunjukkan bahwa tidak ada perbedaan yang signifikan antara tingkat risiko financial statement fraud pada perusahaan pengguna jasa KAP big four dan perusahaan pengguna jasa KAP non-big four. Kata Kunci: Fraud, Financial statement fraud, Accrual quality, Financial performance, Market incentives. ABSTRACT This study aims to examine whether the level of risk of financial statement fraud of listed company audited by big four is different from that of listed companies audited by non-big four. Variables of this research are accrual quality proxied by RSST accrual, financial performance proxied by change in receivable, change in inventory, change in cash sales and change in earnings, and market incentives proxied by earning to price. Detection the level of risk of financial statement fraud uses fraud score (F-score) that is the sum of accrual quality, financial performance, and market incentives. The population of this study was manufacturing companies listed on the Indonesia Stock Exchange for period 2009-2011. The total number of sample was 90 manufacturing companies that consisted of 38 listed companies audited by big four and 52 listed companies audited by non-big four public accountant. This study used descriptive statistic for analyzing data and independent sample t-test for testing hypothesis. The result indicates that there is no significant difference between the level of risk of financial statement fraud of listed companies audited by big four public accountant and listed companies audited by non-big four public accountant. Keywords: Fraud, Financial statement fraud, Accrual quality, Financial performance, Market incentives