East Asian Journal of Multidisciplinary Research (EAJMR)
Vol. 3 No. 12 (2024): December 2024

Analysis of Cases of Manipulation of Financial Statements and Violations of the Code of Ethics of The Accounting Profession

Arini, Wirna Sofi (Unknown)
Trisnaningsih, Sri (Unknown)

Article Info

Publish Date
23 Dec 2024

Abstract

This study examines the manipulation of financial statements and violations of the accountant code of ethics by PT. Adisarana Wanaartha Life (PT AWL). Using a case study approach, the research provides an in-depth analysis of these issues. Findings reveal that PT AWL manipulated financial reports, while its partner, KAP KNMT (a public accounting firm), failed to detect these irregularities. Both PT AWL and KAP KNMT violated ethical principles, including integrity, objectivity, competence, confidentiality, and professional behavior, as they passed audits without identifying errors. Consequently, administrative sanctions, fines, and business license revocations were imposed, with PT AWL's assets of Rp 2.4 trillion confiscated in October 2022.

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Journal Info
East Asian Journal of Multidisciplinary Research (EAJMR)
Website

Abbrev

eajmr

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering

Description

East Asian Journal of Multidisciplinary Research (EAJMR) is a scientific multidisciplinary research journal published by Yayasan Pendidikan Penelitian Pengabdian Algero. The aim of this journal publication is to disseminate the research results, conceptual thoughts, improved research methodologies ...