Fraud Detection in Financial Reporting Using Hexagon Fraud Theory (Empirical Study of State-Owned Enterprises Listed on the IDX for the Period 2017-2022)

Fajar Dewantoro (Mercu Buana University)
Yudhi Herliansyah (Mercu Buana University)

Formosa Journal of Multidisciplinary Research (FJMR)
Vol. 4 No. 3 (2025): March 2025

This study aims to prove the dimensions of the fraud hexagon measured by pressure, opportunity, rationalization, capability, arrogance and collusion on fraud in the preparation of financial reports in state-owned companies listed on the Indonesia Stock Exchange.  The data used is from 2017 to 2022. To obtain the right sample size, a purposive sampling technique was used, where 16 companies were selected. The data analysis method used is panel data regression and t-statistic testing. In accordance with the results of the hypothesis test, it was found that pressure, opportunity and arrogance had a significant effect on financial statement fraud, while rationalization, capability and collation did not have a significant effect on financial statement fraud in state-owned companies listed on the Indonesia Stock Exchange.