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All Journal Owner : Riset dan Jurnal Akuntansi
Wukuf Dilva Rafa
Universitas Tanjungpura
Economics, Econometrics & Finance

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Antara Transparansi dan Manipulasi: Peran Fraud Pentagon dan Sustainability Disclosure dalam Financial Statement Fraud Chrisnando Marshall Tambunan; Wukuf Dilva Rafa; Syarif M.Helmi
Owner : Riset dan Jurnal Akuntansi Vol. 10 No. 4 (2026): Artikel riset Oktober 2026
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v10i4.3779

Abstract

To understand what drives financial statement fraud, this study analyzes the Fraud Pentagon elements within 18 transportation and logistics companies listed on the Indonesia Stock Exchange (2020–2024), positioning sustainability disclosure as a potential moderator. By evaluating 90 firm-year observations through Moderated Regression Analysis (MRA) and measuring fraud with the modified six-ratio Beneish M-Score, the findings reveal that only opportunity (p = 0.0422) and executive arrogance (p = 0.0010) directly trigger fraudulent reporting. Meanwhile, pressure, rationalization, competence, and sustainability disclosure alone do not show direct significant effects. Interestingly, rather than acting as a universal safeguard, sustainability disclosure specifically functions as a governance mechanism that successfully constrains the negative impact of executive arrogance on fraud (p = 0.0014). The data also indicates no meaningful differences in financial pressure, fraud incidence, or sustainability practices when comparing the COVID-19 era to the post-pandemic phase. Ultimately, by integrating ESG reporting into the Fraud Pentagon during an economic transition, this research highlights that corporate transparency is a targeted accountability tool rather than a blanket cure for all fraud risks.
Co-Authors Chrisnando Marshall Tambunan Syarif M.Helmi