Articles
<![CDATA[DAPATKAH KUALITAS AUDIT MENGURANGI BIAYA MODAL EKUITAS EX-ANTE?1 ]]>
<![CDATA[Antonius Herusetya]]>
<![CDATA[ Jurnal Akuntansi dan Auditing Indonesia Vol. 16 No. 1 (2012) ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia ]]>
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<![CDATA[Tujuan dari studi ini adalah untuk menguji pengaruh kualitas audit terhadap biaya ekuitas modal ex-ante perusahaan publik terdaftar pada Bursa Efek Indonesia. Kualitas audit diukur dengan ukuran Kantor Akuntan Publik (Big 4) dan spesialisasi industri KAP. Studi sebelumnya menemukan bahwa kualitas audit yang lebih tinggi dapat mengurangi biaya modal ekuitas ex-ante. Dengan menggunakan sampel 288 tahun perusahaan untuk data panel perusahaan publik terdaftar di BEI, kami menemukan bukti yang sebaliknya yaitu adanya pengaruh positif kualitas audit menggunakan proksi KAP Big 4 terhadap biaya modal ekuitas ex-ante. Sebaliknya, kami menemukan bukti adanya pengaruh negatif spesialisasi industri KAP terhadap biaya modal ekuitas ex-ante, khususnya untuk perusahaan-perusahaan publik terdaftar yang lebih kecil. Penjelasan alternatif untuk temuan-temuan ini adalah bahwa diduga investor tidak memandang Big 4 memiliki kualitas audit yang lebih tinggi dibandingkan dengan non-Big 4, dan investor menggunakan informasi lainnya yang lebih dapat diandalkan untuk mengurangi risiko informasi dalam pengambilan keputusan investasi mereka.Kata kunci: biaya ekuitas modal, kualitas audit, Big 4, spesialisasi industri, price to earnings growth (PEG]]>
<![CDATA[The impact of client importance on earnings management and going-concern opinion: empirical evidence from Indonesia ]]>
<![CDATA[Amelia Susanto]]>;
<![CDATA[Antonius Herusetya]]>
<![CDATA[ Jurnal Akuntansi dan Auditing Indonesia Vol. 18 No. 1 (2014) ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia ]]>
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DOI: 10.20885/jaai.vol18.iss1.art6
<![CDATA[Penelitian ini menguji pengaruh kepentingan klien terhadap independensi auditor yang diukur dengan manajemen laba berbasis akrual dan opini going-concern. Sampel penelitian terdiri dari 1.080 observasi dalam tahun-perusahaan dari perusahaan terdaftar di Bursa Efek Indonesia (BEI) dengan delapan tahun pengamatan (2004-2011). Dengan menggunakan pooled OLS, kami menemukan bahwa kepentingan terhadap klien (client importance) berpengaruh negatif terhadap manajemen laba akrual. Kami juga menemukan bukti bahwa kepentingan terhadap klien berpengaruh positif terhadap opini going-concern. Secara keseluruhan, temuan-temuan kami menyimpulkan bahwa walaupun Kantor Akuntan Publik memiliki kepentingan ekonomi terhadap klien, namun Kantor Akuntan Publik memelihara kualitas audit dengan menjaga tingkat independensi terhadap klien mereka, tercermin dari manajemen laba akrual yang lebih rendah, dan terdapat kecenderungan yang lebih tinggi dalam memberikan opini going-concern. Hasil studi ini robust setelah mempertimbangkan hasil dari pengujian sensitivitas yang mendukung pengujian utamanya.Kata kunci: kualitas audit, independensi auditor, kepentingan terhadap klien, manajemen laba, opini going-concern]]>
<![CDATA[The Association of Tax Aggressiveness on Accrual and Real Earnings Management ]]>
<![CDATA[Antonius Herusetya]]>;
<![CDATA[Cyrilla Stefani]]>
<![CDATA[ Journal of Accounting and Investment Vol 21, No 3: September 2020 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.2103158
<![CDATA[Research aims: This study examines the association of tax aggressiveness and earnings management practices using the accrual and real transaction-based earnings management.Design/Methodology/Approach: We use a purposive sampling method from the manufacturing industry listed on the Indonesia Stock Exchange (IDX) from 2013 to 2017 and obtain a final sample of 500 firm-year observations. Data analysis is conducted using multiple regression models and Stata software.Research findings: Our study finds strong evidence that tax aggressiveness has a positive association with accrual earnings management. Our study also finds contrary evidence that tax aggressiveness has a negative association with real transaction activities at the aggregate level. Further testing found a negative relationship between tax aggressiveness and real transactions at the individual level, i.e., sales manipulation and reduction in discretionary expenses, consistent with our main findings. Theoretical contribution/Originality: Our study extends previous studies on the association of tax aggressiveness using tax shelter prediction model, and aggressive financial reporting using accrual and real transaction-based earnings management. We use tax prediction model in this study as the highest level of tax aggressiveness which is rarely performed in the case of Indonesia.Practitioner/Policy implication: The results of this study provide the implication that to achieve the objectives of aggressive tax reporting and aggressive financial reporting in the same reporting period, managers use accrual and real transaction-based earnings management tools as complementary or substitution to each other.Research limitation/Implication: This study uses Wilson’s (2009) tax shelter prediction model as a proxy of the highest level of tax aggressiveness]]>
<![CDATA[Analisis Pengaruh Peminatan Jurusan Ekonomi Manajemen terhadap Bidang Kerja Lulusan: Studi Kasus Lulusan Jurusan Ekonomi Manajemen Universitas Bina Nusantara Tahun 2000 – 2004 ]]>
<![CDATA[Antonius Herusetya]]>;
<![CDATA[Hartiwi Prabowo]]>;
<![CDATA[Synthia Atas Sari]]>
<![CDATA[ The Winners Vol. 7 No. 1 (2006): The Winners Vol. 7 No. 1 2006 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/tw.v7i1.609
<![CDATA[Article explore whether there is influences on choice of management department to the workforce absorpation by company as consumer of labour.Technique analysis data use Chi-Quadrat to know influence between program enthusiasm and work all graduated. The research result indicates that there is significant influence between enthusiasm majors with job area entered by Faculty of Economics, Majors Management, UniversityBina Nusantara. Enthusiasm Majors Management in this time still relevant with work all graduated (77.2%), specially marketing and entrepreneurship (92%). ]]>
<![CDATA[Pendapat Auditor atas Laporan Keuangan untuk Perusahaan yang Terdaftar di Bursa Efek Jakarta ]]>
<![CDATA[Antonius Herusetya]]>
<![CDATA[ The Winners Vol. 8 No. 1 (2007): The Winners Vol. 8 No. 1 2007 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/tw.v8i1.744
<![CDATA[Reports are essentials to audit and assurance engagements because they communicate the result of auditor’s findings. The reason for this research is to study what types of the audit report has been issued for listed public companies in Bursa Efek Jakarta (BEJ). Audited reports from 106 sample companies are examined. Our findings reveal that most of the audit opinion among listed companies in Indonesia is unqualifed opinion (51.89%), followed by unqualified opinion with explanatory paragraph (39.79%), qualified opinion (7.55%), and disclaimer opinion (3.77%). Each audit opinion has its own condition that varies among many companies.]]>
<![CDATA[Audit Quality of The Engagement Partner and Audit Firm ]]>
<![CDATA[Elfina Astrella Sambuaga]]>;
<![CDATA[Antonius Herusetya]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022): Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17388
<![CDATA[This study examines the effect of the number of clients and complexity on audit quality at the audit engagement partner (AEP) and public accounting firm (PAF) levels. We use discretionary accrual and real activities manipulation models to assess the audit quality at the AEP and PAF levels. Our study examines 506 firm-year observations as our sample for the companies in the industrial sector listed on the Indonesian Stock Exchange. Using multiple linear regressions and controlling for year and industry fixed effects, our study discovered that the client complexity handled by AEPs is associated with the declining audit quality of AEPs using discretionary accruals. However, our study discovered no relationship between the number of clients at the AEP and PAF levels, and client complexity at the PAF level that influences the audit quality. Thus, the findings of our study suggest to standard setters, capital market participants, and other stakeholders that audit quality at the AEP level remains a significant concern.]]>
<![CDATA[Tax Aggressiveness and Audit Report Timeliness: The Role of Ownership Structure and Audit Committee ]]>
<![CDATA[Vionna Lievia]]>;
<![CDATA[Antonius Herusetya]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol 6, No 1 (2022): June 2022 Article-in-Press ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i1.469
<![CDATA[Companies that engage in tax aggressiveness (TAG) are considered socially irresponsible and problematic from the perspective of tax authorities. This study examines the impact of TAG on audit report timeliness and the role of corporate governance using ownership structure and audit committee on the relationship between TAG and audit report timeliness. We use the tax planning prediction model to uncover TAG. The data for our sample is obtained from the manufacturing companies listed on the Indonesia Stock Exchange and was obtained using the purposive sampling method. Using multiple linear regression analysis, we discover a positive relationship between TAG and audit report timeliness. However, we also find that corporate governance mechanisms affect this positive relationship through ownership structure and audit committee competence. Our findings suggest that the delay of independent auditors due to audit processes may expose the activities of TAG’s clients, which may have economic consequences for tax authorities, companies, and other stakeholders.]]>
<![CDATA[PENGARUH UKURAN AUDITOR DAN SPESIALISASI AUDITOR TERHADAP KUALITAS LABA ]]>
<![CDATA[Herusetya, Antonius]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 6, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
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<![CDATA[Prior research had documented that The Big 4 auditors have higher audit quality than non-Big 4 auditors (Teoh and Wong 1993), and The Big 4 auditors with industry specialization have higher audit quality than The Big 4 auditors without specialization (Balsam et al. 2003; Knechel et al. 2007; Behn et al. 2008; Romanus et al. 2008). With the sample o f 139 firm years from manufacturing public companies listed in bursa Efek Indonesia in the year 2005 and2006, this study examines whether the public companies audited by The Big 4 auditors has higher earnings quality (measured by earning response coefficient) than the non-Big 4 auditors. This study also examines whether The Big 4 auditors with industry specialization has higher earnings quality than The Big 4 auditors without industry specialization. This study provides no evidence that there is an earnings quality difference between public companies audited by The Big 4 auditors and non-Big 4 auditors, and between auditors with industry specialization and without specialization. The additional tests on public companies audited by non-Big 4 auditors provide no evidence whether there is an association between CAR and unexpected earning (UER). Consistent with the main result, the sensitivity test on specialization measurement also give evidence that The Big 4 auditors are not differ from the non-Big 4 auditors. This study provides some evidence, consistent with prior studies that the market negatively reacts higher on the companies with negative unexpected earnings, and with higher leverage; and positively reacts higher on the high growth companies audited by The Big 4 auditors. This study leaves some ambiguous results regarding the audit quality o f auditors and earning quality o f public companies in the context o f Indonesia, and provides some opportunities fo r further indepth research in these areas.]]>
<![CDATA[PENGARUH SISTEM INFORMASI TEKNOLOGI ELEKTRONIK ATAS TASK PERFORMANCE AUDITOR KANTOR AKUNTAN PUBLIK BIG 4 ]]>
<![CDATA[Herusetya, Antonius]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 7, No. 1 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
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<![CDATA[Auditors of public accounting firms frequently deal with the tasks oriented to the audit judgment decision makings. And due to the nature of these tasks are frequently complex and unstructured, they need electronic technology based information system to achieve higher audit quality and to minimize audit risks. The purpose of this study is to examine whether the information system used by the auditors of public accounting firms in the form of Group Support Systems (GSS), Group Decision Support Systems (GDSS) or other electronic information technology software could increase auditors’ performance in their audit tasks. With the respondent of practicing auditors from the Big 4 public accounting firms in Indonesia, and by using structural equation model (SEM) analysis, we found evidence that the usage of Electronic Information System Technology (EIST) has significantly positive impact on audit task performance. We found evidence that the perceived ease of use from the Big 4 auditors has positive significant impact on the perceive usefulness of electronic information system technology adopted by public accounting firms. We have also found evidence that the nature of critical, judgmental, and non-routine audit task complexities in the audit fields has significant impact on the system usage. On the other hands the perceived of ease of use, and the perceived usefulness of electronic information system technology have weak significant impact on the system utilization of the Big 4 auditors.]]>
<![CDATA[ANALISIS KUALITAS AUDIT TERHADAP MANAJEMEN LABA AKUNTANSI: STUDI PENDEKATAN COMPOSITE MEASURE VERSUS CONVENTIONAL MEASURE ]]>
<![CDATA[Herusetya, Antonius]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 9, No. 2 ]]>
Publisher : <![CDATA[UI Scholars Hub ]]>
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<![CDATA[This study investigates the effect of audit quality on earnings management behavior using a variety of audit quality proxies, either using a single proxy or a joint test of some proxies of audit quality. The study proposed a new composite measure of audit quality called the Audit Quality Metric Score (AQMS), which represents the dimension of competence and independence of audit quality. The study compared the validity of the conventional and the multidimensional measurement of audit quality. With a sample of 1,152 firm-years panel data of non-financial companies listed in the Indonesia Stock Exchange (IDX) for the year 1999-2007, the study found a negative effect of audit quality over the accrual earnings management, whether using conventional or multidimensional measures of audit quality. These findings are consistent with the previous findings. The study did not find evidence that composite measure of audit quality has higher validity than conventional measures. Rather, we found evidence that Big 4 as a single proxy of audit quality has higher validity compared to the other proxies or using AQMS. The findings of this study are robust due to sensitivity test that support the main findings.]]>
