The Influence of Financial Targets, Independent Commissioner, Change in Auditor, Change in Director, Managerial Ownership, and Non-Performing Loans on the Potential for FFS in Indonesian Banking

Annisa Fitriyani; Wiralestari; Aulia Beatrice Brilliant

doi:10.55927/mudima.v6i3.8

Authors

Annisa Fitriyani Universitas Jambi
Wiralestari Universitas Jambi
Aulia Beatrice Brilliant Universitas Jambi

DOI:

https://doi.org/10.55927/mudima.v6i3.8

Keywords:

Financial Target, Independent Commissioner, Change in Auditor, Change in Director, Managerial Ownership, Non-Performing Loans, and Fraudulent Financial Statements

Abstract

This research was undertaken in light of the growing intricacies within the banking sector and the rise of instances of financial statement fraud, which have diminished public confidence. The goal of this study is to investigate how financial objectives, independent commissioners, changes in auditor, shifts in director, levels of managerial ownership, and non-performing loans affect the chances of fraudulent financial statements in banks listed on the Indonesia Stock Exchange from 2021 to 2024. Utilizing a quantitative approach, the research makes use of secondary data gathered from yearly financial statements. The sample comprises 29 banking firms that were analyzed over a span of four years, yielding a total of 116 observations selected via purposive sampling. Due to the nature of the dependent variable being binary, logistic regression analysis was utilized. The findings indicate that all independent variables collectively influence the occurrence of fraudulent financial statements. However, when assessed individually, only managerial ownership demonstrates a significant impact, suggesting that the structure of managerial ownership is crucial in affecting the likelihood of financial statement fraud within the banking industry

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