ANALYSIS OF FACTORS THAT AFFECTING THE INTEGRITY OF FINANCIAL STATEMENTS
Keywords:
Good Corporate Governance (GCG), Leverage, KAP Size, Integrity of Financial StatementsAbstract
This study aims to empirically prove the effect of Good Corporate Governance (GCG), leverage and KAP size on the integrity of financial statements. The dependent variable in this study is the integrity of financial statements as measured by the Pennman conservatism index. The independent variable in this study is Good Corporate Governance as measured by managerial ownership, institutional ownership, audit committees, independent commissioners, and other independent variables, namely leverage and KAP size. The population in this study were manufacturing industrial companies listed on the IDX. Based on the purposive sampling method, 102 samples were obtained that met the criteria. Research data was obtained from the annual report for the 2019-2021 period. The analytical method used is multiple linear regression with SPSS software. The results of the study show that ownership, managerial ownership and audit committee have an effect on the integrity of financial statements, while independent commissioners, leverage, KAP size have no effect on the integrity of financial statements.
Downloads
References
A. Fernández and C. E. Tamayo, From Institutions To Financial Development and Growth: What Are the Links?, vol. 31, no. 1. 2017.
M. Hifnelda and N. Sasongko, “Analisis Faktor-Faktor Yang Mempengaruhi Integritas Laporan Keuangan,” Proceeding Semin. Nas. Call Pap. ISSN Online 2654-6590 | ISSN Cetak 2654-5306 Anal., vol. 6, no. 1, pp. 475–481, 2021, [Online]. Available: http://www.idx.co.id.
Detik Finance, “Kisruh Garuda: Laporan Keuangan Cacat Direksi Di Denda 100JT,” 2019.
S. A. Ali, M. Yassin, and R. Aburaya, “The Impact of Firm Characteristics on Corporate Financial Performance in Emerging Markets: Evidence From Egypt.,” IJCRMM, vol. 11, no. 4, pp. 70–89, 2020.
S. Arista, T. Wahyudi, and Y. Yusnaini, “Pengaruh Struktur Corporate Governance Dan Audit Tenure Terhadap Integritas Laporan Keuangan,” AKUNTABILITAS J. Penelit. dan Pengemb. Akunt., vol. 12, no. 2, pp. 81–98, 2019, doi: 10.29259/ja.v12i2.9310.
S. Fatimah, N. Putu Agustinawati, and S. Petro, “Pengaruh Mekanisme Corporate Governance, Audit Tenure,Ukuran Perusahaan Dan Leverage Terhadap Integritas Laporan Keuangan (Studi Empiris Pada Perusahaan BUMN Yang Terdaftar Di Bursa Efek Indonesia),” Neraca J. Pendidik. Ekon., vol. 5, no. 2, pp. 1–13, 2020, doi: 10.33084/neraca.v5i2.1418.
E. Hernawati, “Corporate Governance, Earnings Management and Integrity of Financial Statements: The Role of Audit Quality and Evidence from Indonesia,” Rev. Int. Geogr. Educ. Online, vol. 11, no. 3, pp. 808–822, 2021, doi: 10.33403/rigeo.800530.
M. P. Assenga, D. Aly, and K. Hussainey, The impact of board characteristics on the financial performance of Tanzanian firms, vol. 18, no. 6. 2018.
M. Mayasari, A. Yuliandini, and I. I. Permatasari, “The Influence of Corporate Governance, Company Size, and Leverage Toward Earning Management,” J. Akunt. Trisakti, vol. 6, no. 1, pp. 19–30, 2019, doi: 10.25105/jat.v6i1.4869.
R. Partiwi and H. Herawati, “Pengaruh Kepemilikan Institusional, Leverage Dan Ukuran Perusahaan Terhadap Kinerja Perusahaan,” J. Kaji. Akunt. dan Audit., vol. 17, no. 1, pp. 29–38, 2022, doi: 10.37301/jkaa.v17i1.76.
B. Saad and A. F. Abdillah, “Analisis Pengaruh Ukuran Perusahaan, Leverage, Audit Tenure, Dan Financial Distress Terhadap Integritas Laporan Keuangan,” Oikonomia J. Manaj., vol. 15, no. 1, pp. 70–85, 2019, doi: 10.47313/oikonomia.v15i1.645.
C. Febrilyantri, “Pengaruh Intellectual Capital, Size dan Leverage Terhadap Integritas Laporan Keuangan Pada Perusahaan Manufaktur Sektor Food and Beverage Tahun 2015-2018,” Owner, vol. 4, no. 1, p. 267, 2020, doi: 10.33395/owner.v4i1.226.
J. Johana and T. Djuitaningsih, “Pengaruh Mekanisme Corporate Governance dan Leverage Terhadap Integritas Laporan Keuangan,” Media Ris. Akunt., vol. 10, no. 1, pp. 55–74, 2020, [Online]. Available: file:///C:/Users/userxxx/Downloads/2304-7272-1-PB .pdf.
C. S. Lennox, “Audit quality and auditor size: An evaluation of reputation and deep pockets hypotheses,” J. Bus. Financ. Account., vol. 26, no. 7–8, pp. 779–805, 1999, doi: 10.1111/1468-5957.00275.
R. Gay, G. and Simnet, “Auditing and Assurance Services Australia,” pp. 1–573, 2018.
O. Al Farooque, W. Buachoom, and L. Sun, “Board, audit committee, ownership and financial performance – emerging trends from Thailand,” Pacific Account. Rev., vol. 32, no. 1, pp. 54–81, 2020, doi: 10.1108/PAR-10-2018-0079.
A. Kartika and I. Nurhayati, “Determinan Integritas Laporan Keuangan : Kajian Empiris Pada Perusahaan Manufaktur Di Indonesia,” Pros. SENDI_U 2018, pp. 782–789, 2018.
I. P. Lubis, L. Fujianti, and R. Amyulianthy, “Pengaruh Ukuran KAP, Ukuran Perusahaan dan Manajemen Laba Terhadap Integritas Lporan Keuangan,” Ultim. Account., vol. 10, no. 2, pp. 96–109, 2018.
E. Sukanto and Widaryanti, “Analisis Pengaruh Ukuran KAP dan Tata Kelola Perusahaan Terhadap Integritas Laporan Keuangan (Studi Kasus Pada Perusahaan Sektor Properti dan Real Estate yang Terdaftar di BEI Periode 2013-2015),” Fokus Ekon., vol. 13, no. 1, pp. 20–44, 2018.
M. C. Jensen and W. H. Meckling, “Theory of the firm: Managerial behavior, agency costs and ownership structure,” J. financ. econ., vol. 3, no. 4, pp. 305–360, 1976, doi: 10.1016/0304-405X(76)90026-X.
R. . Anthony and V. Govindarajan, “Sistem Pengendalian Manajemen Buku 1,” in Buku 1, 2005.
M. R. Palil, “Tax Knowledge and Tax Compliance Determinants in Self Assessment System in Malaysia,” J. Int. Dev., vol. 4, no. 3, pp. 61–1, 2010, doi: 10.1787/9789264045743-en.
N. A. Saputri, R. Widayanti, and R. Damayanti, “Analisis Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017,” Edunomika, vol. 03, no. 02, pp. 352–363, 2019.
A. Maridkha and R. Himmati, “Pengaruh Good Corporate Governance terhadap Kinerja Keuangan Perusahaan Perbankan Periode 2017-2020,” J. Account. Digit. Financ., vol. 1, no. 3, pp. 195–205, 2021, doi: 10.53088/jadfi.v1i3.208.
D. T. Lestari and D. Tintri, “Effect Of Corporate Governance Mechanisms and Quality Audit Report On The Integrity Of Financial State Owned Enterprises (SOEs) Listed In Indonesia Stock Exchange (IDX),” no. February, 2011, [Online]. Available: http://www.gunadarma.ac.id.
S. Ayem and D. Yuliana, “Pengaruh Independensi Auditor, Kualitas Audit, Manajemen Laba, Dan Komisaris Independen Terhadap Integritas Laporan Keuangan (Studi Kasus Pada Perusahaan Perbankan Yang Terdaftar Di BEI Periode 2014-2017),” Akmenika J. Akunt. dan Manaj., vol. 16, no. 1, 2019, doi: 10.31316/akmenika.v16i1.168.
A. Eksandy, “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Pada Perbankan Syari’ah Indonesia,” J. Akunt., vol. 5, no. 1, pp. 1–10, 2018.
E. F. Brigham and M. C. Ehrhardt, Financial Management: Theory abd Practice, 11th ed. United Stades of America: Thomson South-Western Ohio, 2005.
R. Arifani, “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan (Studi pada Perusahaan yang Tercatat di Bursa Efek Indonesia),” J. Imiah Mhs. FEB, vol. 6, no. 1, pp. 121–137, 2017.
IAI, Pernyataan Standar Akuntansi Keuangan No. 1 (REVISI 2009). 2009.
I. Ayu, S. Gayatri, I. D. Gede, and D. Suputra, “Pengaruh Corporate Governance, Ukuran Perusahaan dan Leverage Terhadap Integritas Laporan Keuangan,” E-Jurnal Manaj. Univ. Udayana, vol. 5, no. 2, pp. 345–360, 2013.
L. Azzah, “Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, dan Leverage terhadap Integritas Laporan Keuangan,” J. Akunt. AKUNESA, vol. 9, no. 3, pp. 64–76, 2021, doi: 10.26740/akunesa.v9n3.p64-76.
S. H. Penman and X. J. Zhang, “Accounting conservatism, the quality of earnings, and stock returns,” Account. Rev., vol. 77, no. 2, pp. 237–264, 2002, doi: 10.2308/accr.2002.77.2.237.
P. Sugiyono, Metodologi Penelitian Kuantitatif Kualitatif dan R dan D. Bandung: Alfabeta, 2011.
I. Ghozali, Aplikasi Analisis Multivariate dengan SPSS. Semarang: Badan Penerbit Universitas Diponegoro, 2005.
I. Ghozali, Aplikasi Analisis Multivariate Dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro, 2011.
Sugiyono, Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta, 2008.
Dian Anatasy dan Novita, “Pengaruh Penerapan Governance, Risk, and Compliance (Grc) Terhadap Kinerja Perusahaan,” J. Ilm. Akunt. dan Finans. Indones., vol. 3, no. 1, pp. 1–16, 2019, doi: 10.31629/jiafi.v3i1.1514.
A. Hermawan and N. Novita, “The Effect of Governance, Risk Management, and Compliance on Efforts to Minimize Potential Fraud Based on the Fraud Pentagon Concept,” Asia Pacific Fraud J., vol. 6, no. 1, p. 82, 2021, doi: 10.21532/apfjournal.v6i1.196.
O. Setiawan and I. Setiadi, “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan pada Sektor Barang Konsumsi di BEI,” KompartemenJurnal Ilm. Akunt., vol. XVIII, no. 1, pp. 13–21, 2020.
W. Swarte, Lindrianasari, T. J. Prasetyo, Sudrajat, and F. Darma, “Pengaruh Struktur Kepemilikan dan Tata Kelola Perusahaan Terhadap Pengungkapan Manajemen Resiko,” Ekuitas J. Ekon. dan Keuang., vol. 3, no. 4, pp. 505–523, 2017, doi: 10.24034/j25485024.y2019.v3.i4.4205.
E. Elisetiawati and B. Artinah, “Pengaruh Pelaksanaan Good Corporate Governance, Kepemilikan Institutional Dan Laverage Terhadap Kinerja Keuangan (Studi Pada Industri Perbankan Di Bursa Efek Indonesia),” Manaj. dan Akunt., vol. 17, no. 1, pp. 17–28, 2016.
K. Liong, “Analisis Penerapan Good Corporate Governance PT Bank Central Asia Tbk,” J. Stud. Pemerintah. dan Akuntabilitas, vol. 2, no. 1, pp. 1–28, 2022, doi: 10.35912/jastaka.v2i1.1668.
G. Ezhilarasi and K. C. Kabra, “The Impact of Corporate Governance Attributes on Environmental Disclosures: Evidence from India,” Indian J. Corp. Gov., vol. 10, no. 1, pp. 24–43, 2017, doi: 10.1177/0974686217701464.
V. Naciti, “Corporate governance and board of directors: The effect of a board composition on firm sustainability performance,” J. Clean. Prod., vol. 237, p. 117727, 2019, doi: 10.1016/j.jclepro.2019.117727.
T. A. Januarty, “Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan Perusahaan Manufaktur yang Terdaftar di BEI Periode 2016,” Intermed. Account. IFRS Ed., vol. 3, no. 1, p. 518, 2014.
J. Jessica and Y. Triyani, “Pengaruh Struktur Modal, Likuiditas, Ukuran Perusahaan Dan Umur Perusahaan Terhadap Kinerja Keuangan,” J. Akunt., vol. 11, no. 2, pp. 138–148, 2022, doi: 10.46806/ja.v11i2.891.
K. Nahda and D. A. Hartijo, “Pengaruh Corporate Social Responsibility (csr) Terhadap Nilai Perusahaan dengan Corporate Governance Sebagai Variabel Mediasi,” Fair Value J. Ilm. Akunt. dan Keuang., vol. 4, no. 11, pp. 5124–5131, 2022, doi: 10.32670/fairvalue.v4i11.1797.
