Dyana Nur Azizah, Salma Taqwa

Pengaruh Komite Audit, Company Size dan Leverage terhadap Kecurangan dalam Laporan Keuangan

Introduction

Pengaruh komite audit, company size dan leverage terhadap kecurangan dalam laporan keuangan. Teliti pengaruh komite audit, ukuran perusahaan, dan leverage terhadap kecurangan laporan keuangan manufaktur BEI 2021-2023. Ukuran perusahaan signifikan hambat kecurangan.

Abstract

This study seeks to offer a refined perspective in examining the influence of the audit committee, corporate scale, and leverage on the occurrence of financial reporting fraud among manufacturing entities listed on the Indonesia Stock Exchange (IDX) throughout the 2021–2023 timeframe. Fraudulent behavior in financial statement preparation is considered a critical issue, as it undermines investor trust and poses risks to various stakeholders. A quantitative approach is adopted, applying an associative research design. The data employed in this research are secondary in nature, obtained from the annual financial disclosures of the firms under study. The analysis is conducted using logistic regression. The results indicate that (1) the audit committee has no statistically meaningful effect on financial reporting fraud, (2) firm size is inversely and significantly associated with the likelihood of fraudulent reporting, and (3) leverage does not exert a significant influence. These insights highlight that firm size may serve as a deterrent to fraud, whereas audit committees and leverage require further reinforcement in function and oversight to effectively minimize the risk of misreporting.

Review

This study critically examines the influence of the audit committee, firm size, and leverage on financial reporting fraud within Indonesian manufacturing entities, a topic of significant contemporary relevance given its impact on investor confidence and stakeholder risk. The research is well-grounded in a quantitative, associative design, leveraging secondary data from a recent three-year period (2021-2023) to provide timely insights into corporate governance effectiveness in the Indonesian market. The explicit aim to offer a "refined perspective" is commendable, suggesting an intent to move beyond generalized findings to context-specific nuances. Methodologically, the choice of logistic regression is appropriate for analyzing the binary outcome of financial reporting fraud. The findings present a mixed but insightful picture: firm size is inversely and significantly associated with fraud, suggesting larger entities may possess inherent deterrents or stronger governance structures. However, the lack of a statistically meaningful effect from both the audit committee and leverage on fraud is a particularly striking result. This finding regarding audit committees challenges conventional wisdom about their crucial oversight role and warrants deeper investigation into their functional efficacy in this specific market. The implications of these findings are substantial. The observed deterrent effect of firm size provides practical guidance for regulators and investors, hinting at potential differences in risk profiles across firm scales. Conversely, the non-significant impact of audit committees and leverage calls for a critical re-evaluation of how these mechanisms are designed and operationalized to effectively mitigate fraud risk. Future research could benefit from exploring moderating factors, such as the independence or expertise of audit committee members, or the specific types and covenants associated with leverage, to uncover latent relationships. Furthermore, expanding the research to include qualitative data or a broader range of industries could provide richer contextual understanding and enhance the generalizability of the conclusions.

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