Influence Reward and Punishment on The Prevention of Financial Statement Fraud
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Published:
Jun 30, 2024
Keywords:
Financial Statements, Fraud, Internal Control System, Punishment, Reward
Section
Articles
Statistics Article
Article View : 416 Times
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Abstract
The study aims to examine the effect of rewards and punishments on the prevention of fraud in financial reporting, which is often carried out by the company's financial staff. The results of this study are expected to provide a deep understanding of rewards and punishments in the context of corporate financial integrity. In addition, it can provide practical recommendations for designing a more effective system to overcome financial fraud that occurs in the company. This study uses a quantitative method, data collection through questionnaires distributed to students who are interested in working in the financial sector. The analysis was carried out using multiple linear regression. The hypothesis testing of this study is to identify the factors that affect financial reporting fraud behavior that are linked to the indicators of the company's reward and punishment system. The results of the study show that the reward system can reduce the occurrence of fraudulent behavior in financial statements. Likewise, strict punishment is a means of internal control to reduce the occurrence of corporate financial fraud.
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How to Cite
Olo, A., & Rahmadhani, S. (2024). Influence Reward and Punishment on The Prevention of Financial Statement Fraud . Indonesia Accounting Research Journal, 11(4), 242–249. Retrieved from https://journals.iarn.or.id/index.php/Accounting/article/view/305
References
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Achmad , T., Ghozali, I., Helmina, M. R. A., & Hapsari, D. I. (2023). Detecting Fraudulent Financial Reporting Using the Fraud Hexagon Model: Evidence from the Banking Sector in Indonesia. Economies.
Afiani, J. R., Cahyono, D., & Nuha, G. A. (2022). Systematic Literature Review: Kecurangan Laporan Keuangan Di Indonesia Dan Malaysia. JRAK (Jurnal Riset Akuntansi dan Bisnis), 8(2), 91-102.
Amin, M. L., Ahmad, A., & Sugiartono, E. (2023). Faktor-faktor yang mempengaruhi kecenderungan kecurangan akuntansi pada rumah sakit di Kabupaten Bondowoso. Journal of Accounting and Financial Issue (JAFIS), 4(2), 17-33.
Andrew, Candy, & Robin. (2022). Detectign Fraudulent Financial Statements Using Fraud S.C.O.R.E Model and Financial Distress. International Journal of Economics, Business and Accounting Research (IJEBAR), 6(1).
Ariyani, M., & Jaeni, J. (2022). Persepsi Mahasiswa Akuntansi Mengenai Faktor-Faktor Yang Mempengaruhi Minat Pemilihan Karir Menjadi Akuntan Publik. Owner, 6(1), 234-246.
Aviantara, R. (2023). Scoring the financial distress and the financial statement fraud of Garuda Indonesia with «DDCC» as the financial solutions. Journal of Modelling in Management, 18(1), 1-16.
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of management, 17(1), 99-120.
Belinda, N., & Machmuddah, Z. (2024). kecurangan laporan keuangan dilihat dari aspek kondisi keuangan dan pengawasan dewan komisaris independen. Jurnal Akuntansi dan Keuangan, 13(1).
Dwi RT, D. R. (2019). Stabilitas Bank: Sebuah Pengujian Berdasarkan Teori Resource Based View. Jurnal Ilmu Manajemen & Bisnis, 10(2).
Ekasari, N., & Prasetyaningrum, N. E. (2023). Pengaruh Pengendalian Internal, Kesesuaian Kompensasi, Dan Ketaatan Aturan Akuntansi Terhadap Kecenderungan Kecurangan Akuntansi (Studi Kasus pada Sekretariat Daerah Kabupaten Sragen). Surakarta Accounting Review, 5(2), 86-93.
Febrianty, R., Purnamasari, P., & Maemunah, M. (2021). Pengaruh Reward dan Moralitas Individu terhadap Pencegahan Fraud. Prosiding Akuntansi.
Ghaisani, A. A., & Supatmi, S. (2023). Pendeteksian Kecurangan Pelaporan Keuangan Menggunakan Fraud Pentagon. Owner, 7(1), 599-611.
Hardiningsih, P., Srimindarti, C., Anggana Lisiantara, G., & Kartika, A. (2024). How does environmental, social, governance disclosure and political connection performance affect firm value? An empirical study in Singapore. Cogent Business & Management, 11(1), 2377764.
Hermawan, M. S., & Kokthunarina, K. (2019). Factors Influencing Accounting Students’ Perception of Accounting Ethics; An Empirical Study in Indonesia. Jurnal Akuntansi dan Bisnis, 18(2).
Kartika, A., Indriyaningrum, K., Nurhayati, I., & Sudiyatno, B. (2022). Determinants of capital buffer: Study on conventional commercial Banks in Indonesia. European Journal of Business and Management Research, 7(2), 289-294.
Kartika, I., Sulistyo, H., Indriastuti, M., & Mutamimah. (2023). Good Corporate Governance and Firm Value: The Mediating Role of Internet Financial Reporting. Management and Accounting Review, 22(2), 123-147.
Komala, L., & Asaari, M. (2022). Analisis peran satuan pengawasan internal dan komite audit terhadap pencegahan kecurangan. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 4(12), 5850-5857.
Kurnia, F., & Gunawan, A. (2023). Efek Pemberian Reward dan Punishment terhadap Performance Karyawan. Jurnal Ilmiah Multidisiplin, 2(12).
Lubis, N. W. (2023). Resource Based View (Rbv) Dalam Meningkatkan Kapasitas Strategis Perusahaan. Jurnal Ilmu Manajemen METHONOMIX, 6(1), 14-26.
Masyitoh, S., Azhad, M. N., & Rahayu, J. (2019). ‘Penerapan Konsep Resources-Based View (Rbv) Dalam Upaya Mempertahankan Keunggulan Bersaing Perusahaan’(Studi Kasus Pada Artshop Akifani Mutiara Mataram). Universitas Muhammadiyah Jember.
Nur, S., Supri, Z., & Riyanti, R. (2023). Lingkungan Pengendalian dan Moralitas Individu dalam Pencegahan Fraud yang Terjadi pada Pengelolaan Alokasi Dana Desa. Owner: Riset dan Jurnal Akuntansi, 7(3), 1991-1998.
Nurkholik, A., Ernitawati, Y., & Roni. (2024). Detection of Potential Financial Statement Fraud Using the Fraud Hexagon Model Approach (Empirical Study of LQ 45 Companies Listed on the IDX in 2018–2022). Asian Journal of Economics, Business and Accounting, 24(3), 210-220.
Prabowo, E., & Priantinah, D. (2018). Pengaruh Persepsi Mahasiswa Akuntansi Mengenai Kompensasi Reward Dan Punishment Terhadap Kecurangan Pelaporan Keuangan Dengan Motivasi Kerja Sebagai Variabel Moderasi (Studi Eksperimen pada Mahasiswa Akuntansi Universitas Negeri Yogyakarta). Nominal, Barometer Riset Akuntansi dan Manajemen, 7(2).
Praptitorini, M. D., Kartika, A., Bhandari, R., Ratsameemonthon, C., Nasir, W. M. N. b. W. M., & Supriyadi, S. (2021). The Effect of Modified Audit Opinion on Borrowing Cash Flow And Investment Cash Flow on Non-Financial Companies. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1).
Prasetio, T. (2024). Persepsi Mahasiswa Program Studi Akuntansi Terhadap Dampak Artificial Intelligence Pada Profesi Akuntan. Jurnal Ekonomi & Manajemen Universitas Bina Sarana Informatika, 22(1).
Preicilia, C., Wahyudi, I., & Preicilia, A. (2022). Analisa kecurangan laporan keuangan dengan perspektif teori Fraud Hexagon. Jurnal Ilmiah Akuntansi dan Keuangan, 5(3).
Rahmadhani, S., Faisal, F., Joseph, C., & Januarti, I. (2024). Corporate social responsibility and corporate investments: does research and development intensity matter? Cogent Business & Management, 11(1).
Rahmadhani, S., & Salim, N. (2024). Peran Kinerja Keuangan Sebagai Pemoderasi Pengungkapan Susatainability Reporting dan Intangible Assets Terhadap Nilai Perusahaan. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(1), 919-927.
Ristianawati, Y., Ghoniyah, N., & Hartono, S. B. (2021). Strategic Agility Diversification Investment: Islamic Financial Inclusion on the Financial Performance of Sharia Banks. Annals of the Romanian Society for Cell Biology, 2937–2945-2937–2945.
Riyanti, A. (2024). Komite Audit Sebagai Pemoderasi Pengaruh Kesulitan Keuangan Dan Manajemen Laba Terhadap Kecurangan Laporan Keuangan. Jurnal Akuntansi dan Pajak, 1-9.
Rozak, H. A., & Fachrunnisa, O. (2024). Spiritual dimension of organizational collective engagement: Scale development and validation. Human Resources Management and Services, 6(2).
Rozak, H. A., Fachrunnisa, O., Sugiharti, Taswan, & Fitriati, I. R. (2023). Metaverse and Modification Needs of Human Resources Management Practices and Policies: An Overview. International Conference on Intelligent Networking and Collaborative Systems,
Salim, N., & Rahmadhani, S. (2024). Pengaruh Modal Usaha, Lama Usaha dan Lokasi Usaha Terhadap Pendapatan Usaha Mikro Kecil Menengah. Among Makarti, 17(1), 111-122.
Salim, N., Sugiharti, S., Bhandari, R., Nasir, W. M. N. b. W. M., Thongkamkaew, C., & Permatasari, P. (2022). Corporate social performance on cost of equity, cost of debt with institutional ownership, and bank dependency as moderating variables. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(1), 1087-1104.
Septiani, W., Ristianawati, Y., Putri, R. C., Romadoni, D. A., & Paramastri, T. P. (2023). An Analysis on the Impact of Financial Literacy, Self-control, and Self-concept on Consumptive Behavior: A Case Study Considering Students of STIE Totalwin Semarang in Indonesia. International Conference on Intelligent Networking and Collaborative Systems,
Sugiharti, S. (2023). Strategies for Effective Talent Acquisition and Retention in Human Resource Management. Tec Empresarial, 18(2), 769-775.
Sugiharti, S., Budiyanto, B., & Suhermin, S. (2023). The Influence of Personality, Job Satisfaction and Quality of Work Life on Organizational Commitment and Their Impact on Employee Performance. Tec Empresarial, 18(2), 25-48.
Suhermanto, N. M. D. A., & Biduri, S. (2023). Kolektivisme, Gender, Reward dan Punishment terhadap Financial Statement Fraud.
Tahar, A., Azzahra, N. I., & Az-zahro, S. F. (2023). Determinan Kualitas Informasi Keuangan pada Entitas Kesehatan: Peran Mediasi Sistem Informasi Akuntansi. Reviu Akuntansi dan Bisnis Indonesia, 7(1), 264-282.
Tantri, I. A., & Chariri, A. (2023). karakterisktik auditor dan kecurangan laporan keuangan Akurasi: Jurnal Studi Akuntansi dan Keuangan, 6(2), 269-286.
Taswan, L. W. W., Nugroho, A. H. D., & Sudiyatno, B. (2023). Factors Influencing Non-Performing Loans: An Empirical Study on Commercial Banks in Indonesia. Journal of Hunan University Natural Sciences, 50(2).
Wahyudin, N., Akbar, M. F., & Sugiharti, S. (2021). Identifikasi Prioritas Pengembangan Agrowisata Bangka Botanical Garden (BBG) Kota Pangkalpinang. Journal of Indonesian Tourism, Hospitality and Recreation, 3(1), 1-7.
Wea, M. N., Mitan, W., & Diliana, S. M. (2023). Pengaruh Fraud Diamond Terhadap Kecenderungan Kecurangan Laporan Keuangan Yang Terdaftar di BEI Tahun 2019-2021(Studi Kasus pada Perusahaan Manufaktur Sub Sektor Industri Barang Konsumsi). Jurnal Mutiara Ilmu Akuntansi (JUMIA), 1(4), 190-213.
Achmad , T., Ghozali, I., Helmina, M. R. A., & Hapsari, D. I. (2023). Detecting Fraudulent Financial Reporting Using the Fraud Hexagon Model: Evidence from the Banking Sector in Indonesia. Economies.
Afiani, J. R., Cahyono, D., & Nuha, G. A. (2022). Systematic Literature Review: Kecurangan Laporan Keuangan Di Indonesia Dan Malaysia. JRAK (Jurnal Riset Akuntansi dan Bisnis), 8(2), 91-102.
Amin, M. L., Ahmad, A., & Sugiartono, E. (2023). Faktor-faktor yang mempengaruhi kecenderungan kecurangan akuntansi pada rumah sakit di Kabupaten Bondowoso. Journal of Accounting and Financial Issue (JAFIS), 4(2), 17-33.
Andrew, Candy, & Robin. (2022). Detectign Fraudulent Financial Statements Using Fraud S.C.O.R.E Model and Financial Distress. International Journal of Economics, Business and Accounting Research (IJEBAR), 6(1).
Ariyani, M., & Jaeni, J. (2022). Persepsi Mahasiswa Akuntansi Mengenai Faktor-Faktor Yang Mempengaruhi Minat Pemilihan Karir Menjadi Akuntan Publik. Owner, 6(1), 234-246.
Aviantara, R. (2023). Scoring the financial distress and the financial statement fraud of Garuda Indonesia with «DDCC» as the financial solutions. Journal of Modelling in Management, 18(1), 1-16.
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of management, 17(1), 99-120.
Belinda, N., & Machmuddah, Z. (2024). kecurangan laporan keuangan dilihat dari aspek kondisi keuangan dan pengawasan dewan komisaris independen. Jurnal Akuntansi dan Keuangan, 13(1).
Dwi RT, D. R. (2019). Stabilitas Bank: Sebuah Pengujian Berdasarkan Teori Resource Based View. Jurnal Ilmu Manajemen & Bisnis, 10(2).
Ekasari, N., & Prasetyaningrum, N. E. (2023). Pengaruh Pengendalian Internal, Kesesuaian Kompensasi, Dan Ketaatan Aturan Akuntansi Terhadap Kecenderungan Kecurangan Akuntansi (Studi Kasus pada Sekretariat Daerah Kabupaten Sragen). Surakarta Accounting Review, 5(2), 86-93.
Febrianty, R., Purnamasari, P., & Maemunah, M. (2021). Pengaruh Reward dan Moralitas Individu terhadap Pencegahan Fraud. Prosiding Akuntansi.
Ghaisani, A. A., & Supatmi, S. (2023). Pendeteksian Kecurangan Pelaporan Keuangan Menggunakan Fraud Pentagon. Owner, 7(1), 599-611.
Hardiningsih, P., Srimindarti, C., Anggana Lisiantara, G., & Kartika, A. (2024). How does environmental, social, governance disclosure and political connection performance affect firm value? An empirical study in Singapore. Cogent Business & Management, 11(1), 2377764.
Hermawan, M. S., & Kokthunarina, K. (2019). Factors Influencing Accounting Students’ Perception of Accounting Ethics; An Empirical Study in Indonesia. Jurnal Akuntansi dan Bisnis, 18(2).
Kartika, A., Indriyaningrum, K., Nurhayati, I., & Sudiyatno, B. (2022). Determinants of capital buffer: Study on conventional commercial Banks in Indonesia. European Journal of Business and Management Research, 7(2), 289-294.
Kartika, I., Sulistyo, H., Indriastuti, M., & Mutamimah. (2023). Good Corporate Governance and Firm Value: The Mediating Role of Internet Financial Reporting. Management and Accounting Review, 22(2), 123-147.
Komala, L., & Asaari, M. (2022). Analisis peran satuan pengawasan internal dan komite audit terhadap pencegahan kecurangan. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan, 4(12), 5850-5857.
Kurnia, F., & Gunawan, A. (2023). Efek Pemberian Reward dan Punishment terhadap Performance Karyawan. Jurnal Ilmiah Multidisiplin, 2(12).
Lubis, N. W. (2023). Resource Based View (Rbv) Dalam Meningkatkan Kapasitas Strategis Perusahaan. Jurnal Ilmu Manajemen METHONOMIX, 6(1), 14-26.
Masyitoh, S., Azhad, M. N., & Rahayu, J. (2019). ‘Penerapan Konsep Resources-Based View (Rbv) Dalam Upaya Mempertahankan Keunggulan Bersaing Perusahaan’(Studi Kasus Pada Artshop Akifani Mutiara Mataram). Universitas Muhammadiyah Jember.
Nur, S., Supri, Z., & Riyanti, R. (2023). Lingkungan Pengendalian dan Moralitas Individu dalam Pencegahan Fraud yang Terjadi pada Pengelolaan Alokasi Dana Desa. Owner: Riset dan Jurnal Akuntansi, 7(3), 1991-1998.
Nurkholik, A., Ernitawati, Y., & Roni. (2024). Detection of Potential Financial Statement Fraud Using the Fraud Hexagon Model Approach (Empirical Study of LQ 45 Companies Listed on the IDX in 2018–2022). Asian Journal of Economics, Business and Accounting, 24(3), 210-220.
Prabowo, E., & Priantinah, D. (2018). Pengaruh Persepsi Mahasiswa Akuntansi Mengenai Kompensasi Reward Dan Punishment Terhadap Kecurangan Pelaporan Keuangan Dengan Motivasi Kerja Sebagai Variabel Moderasi (Studi Eksperimen pada Mahasiswa Akuntansi Universitas Negeri Yogyakarta). Nominal, Barometer Riset Akuntansi dan Manajemen, 7(2).
Praptitorini, M. D., Kartika, A., Bhandari, R., Ratsameemonthon, C., Nasir, W. M. N. b. W. M., & Supriyadi, S. (2021). The Effect of Modified Audit Opinion on Borrowing Cash Flow And Investment Cash Flow on Non-Financial Companies. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1).
Prasetio, T. (2024). Persepsi Mahasiswa Program Studi Akuntansi Terhadap Dampak Artificial Intelligence Pada Profesi Akuntan. Jurnal Ekonomi & Manajemen Universitas Bina Sarana Informatika, 22(1).
Preicilia, C., Wahyudi, I., & Preicilia, A. (2022). Analisa kecurangan laporan keuangan dengan perspektif teori Fraud Hexagon. Jurnal Ilmiah Akuntansi dan Keuangan, 5(3).
Rahmadhani, S., Faisal, F., Joseph, C., & Januarti, I. (2024). Corporate social responsibility and corporate investments: does research and development intensity matter? Cogent Business & Management, 11(1).
Rahmadhani, S., & Salim, N. (2024). Peran Kinerja Keuangan Sebagai Pemoderasi Pengungkapan Susatainability Reporting dan Intangible Assets Terhadap Nilai Perusahaan. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(1), 919-927.
Ristianawati, Y., Ghoniyah, N., & Hartono, S. B. (2021). Strategic Agility Diversification Investment: Islamic Financial Inclusion on the Financial Performance of Sharia Banks. Annals of the Romanian Society for Cell Biology, 2937–2945-2937–2945.
Riyanti, A. (2024). Komite Audit Sebagai Pemoderasi Pengaruh Kesulitan Keuangan Dan Manajemen Laba Terhadap Kecurangan Laporan Keuangan. Jurnal Akuntansi dan Pajak, 1-9.
Rozak, H. A., & Fachrunnisa, O. (2024). Spiritual dimension of organizational collective engagement: Scale development and validation. Human Resources Management and Services, 6(2).
Rozak, H. A., Fachrunnisa, O., Sugiharti, Taswan, & Fitriati, I. R. (2023). Metaverse and Modification Needs of Human Resources Management Practices and Policies: An Overview. International Conference on Intelligent Networking and Collaborative Systems,
Salim, N., & Rahmadhani, S. (2024). Pengaruh Modal Usaha, Lama Usaha dan Lokasi Usaha Terhadap Pendapatan Usaha Mikro Kecil Menengah. Among Makarti, 17(1), 111-122.
Salim, N., Sugiharti, S., Bhandari, R., Nasir, W. M. N. b. W. M., Thongkamkaew, C., & Permatasari, P. (2022). Corporate social performance on cost of equity, cost of debt with institutional ownership, and bank dependency as moderating variables. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(1), 1087-1104.
Septiani, W., Ristianawati, Y., Putri, R. C., Romadoni, D. A., & Paramastri, T. P. (2023). An Analysis on the Impact of Financial Literacy, Self-control, and Self-concept on Consumptive Behavior: A Case Study Considering Students of STIE Totalwin Semarang in Indonesia. International Conference on Intelligent Networking and Collaborative Systems,
Sugiharti, S. (2023). Strategies for Effective Talent Acquisition and Retention in Human Resource Management. Tec Empresarial, 18(2), 769-775.
Sugiharti, S., Budiyanto, B., & Suhermin, S. (2023). The Influence of Personality, Job Satisfaction and Quality of Work Life on Organizational Commitment and Their Impact on Employee Performance. Tec Empresarial, 18(2), 25-48.
Suhermanto, N. M. D. A., & Biduri, S. (2023). Kolektivisme, Gender, Reward dan Punishment terhadap Financial Statement Fraud.
Tahar, A., Azzahra, N. I., & Az-zahro, S. F. (2023). Determinan Kualitas Informasi Keuangan pada Entitas Kesehatan: Peran Mediasi Sistem Informasi Akuntansi. Reviu Akuntansi dan Bisnis Indonesia, 7(1), 264-282.
Tantri, I. A., & Chariri, A. (2023). karakterisktik auditor dan kecurangan laporan keuangan Akurasi: Jurnal Studi Akuntansi dan Keuangan, 6(2), 269-286.
Taswan, L. W. W., Nugroho, A. H. D., & Sudiyatno, B. (2023). Factors Influencing Non-Performing Loans: An Empirical Study on Commercial Banks in Indonesia. Journal of Hunan University Natural Sciences, 50(2).
Wahyudin, N., Akbar, M. F., & Sugiharti, S. (2021). Identifikasi Prioritas Pengembangan Agrowisata Bangka Botanical Garden (BBG) Kota Pangkalpinang. Journal of Indonesian Tourism, Hospitality and Recreation, 3(1), 1-7.
Wea, M. N., Mitan, W., & Diliana, S. M. (2023). Pengaruh Fraud Diamond Terhadap Kecenderungan Kecurangan Laporan Keuangan Yang Terdaftar di BEI Tahun 2019-2021(Studi Kasus pada Perusahaan Manufaktur Sub Sektor Industri Barang Konsumsi). Jurnal Mutiara Ilmu Akuntansi (JUMIA), 1(4), 190-213.
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