Preventing and Detecting Fraudulent Financial Statement

Powerful Essays
PENCEGAHAN DAN PENDETEKSIAN
FRAUDULENT FINANCIAL STATEMENT
(KECURANGAN DALAM LAPORAN KEUANGAN) OLEH
FRAUD EXAMINERS (AUDITOR FRAUD)
(STUDI LITERATUR)

1. Latar Belakang Fraud atau yang lebih familiar dengan istilah kecurangan, telah menjadi momok dalam dunia usaha modern yang terbukti telah merontokkan perusahaan – perusahaan kelas dunia. Coba kita bawa kembali ingatan kita, ketika masa akan memasuki millennium baru, tiba – tiba dunia seakan tersentak dengan terkuaknya skandal Enron di penghujung abad. Dalam sekejap, white – collar fraud menjadi kata – kata yang paling sering muncul di tajuk utama berbagai koran, dan majalah nasional maupun internasional. Belum habis cerita Enron, muncul lagi cerita – cerita baru yang tak kalah hebat dan hampir sama persis, yakni kemunculan skandal Worldcom, Ahold dan Tyco. Dari kasus – kasus tersebut, dapat diambil suatu kesimpulan bahwa fraud menimbulkan kerugian yang sangat besar hampir di seluruh industri (Spathis, 2002). Di negara kita, dunia bisnis Indonesia juga tidak luput dari ancaman fraud. Ini dapat dibuktikan dengan adanya kemunculan kasus – kasus kecurangan yang ada. Seperti banyaknya bank yang dilikuidasi pada tahun 1998 akibat tidak mengelola dana dari masyarakat dengan benar dan memanipulasi pajak; berbagai praktek korupsi di sektor pemerintahan; kasus BLBI (Bantuan Likuiditas Bank Indonesia) dimana fraud muncul dengan berbagai nama seperti penjualan cessie piutang; kasus L/C Bank BNI dan beberapa kasus fraud lainnya yang hingga sekarang masih terdengar gaungnya dimana – mana. Berbagai macam praktek fraud yang ada, pada umumnya menimbulkan kerugian bagi banyak pihak dan membawa dampak negatif yang sangat besar. Dalam Report to The Nation on Occupational Fraud and Abuse (Association of Certified Fraud Examiners) tahun 2002 disebutkan bahwa perusahaan mengalami kerugian sebesar 6% dari pendapatannya akibat fraud. Fraud memiliki dampak yang bersifat

You May Also Find These Documents Helpful

  • Good Essays

    1. Is this an example of fraudulent financial reporting or misappropriation of assets In this case, it is misappropriation of assets because the fraud is the consequence of the employee theft. As it is stated in the case “manager at Aspen store was stealing payments by customers on accounts. That’s why subledger was out of balance with the GL. To cover it up, the manager debited the sales account, which was why the gross margins didn’t make sense.” 2. What created an opportunity to commit the fraud…

    • 801 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    offering financial statements for 2009. Also, its main subsidiary’s revenue was deliberately inflated according to powerful evidence. As a result, the CEO, Jacky Chun, was arrested because of irresponsibility of proper records on purpose, and some auditors related violated Professional Accounting Ordinance due to publicizing the annual reports with false information. This ethical issue connects to fraudulent financial reporting by management personnel and accountants. Fraudulent financial reporting…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Fraudulent Financial Reporting Schemes Abstract Routine examinations, audits, or internal control procedures, do not reveal most accounting fraud. Only 20% is revealed by way of auditing, however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues, timing differences, concealed liabilities & expense, improper asset valuation, or asset/revenue overstatements (just to name a few), (Frempong, 2012)…

    • 1292 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    1) Explain the auditor’s responsibility to detect material misstatements due to errors and fraud and the categories of fraud affecting financial reporting. Identify misstatement in financial report is the major task of auditor. Regardless the result of error or fraud, plan and perform audit engagements are being required by auditors to ensure financial statements are free from material misstatement by reasonable assurance instead of total responsibilities to the fair and true reports due to the limitation…

    • 1809 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter 1: Uses of Accounting Information and the Financial Statements TRUE/FALSE 1. The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY: ethical reporting 2. Fraudulent financial reporting can result from the misapplication of accounting principles. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY:…

    • 4426 Words
    • 18 Pages
    Satisfactory Essays
  • Powerful Essays

    Financial statement

    • 9724 Words
    • 39 Pages

    ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010…

    • 9724 Words
    • 39 Pages
    Powerful Essays
  • Powerful Essays

    Detecting Plagiarism

    • 4397 Words
    • 18 Pages

    J. of Acc. Ed. 29 (2011) 142–152 Contents lists available at SciVerse ScienceDirect J. of Acc. Ed. journal homepage: www.elsevier.com/locate/jaccedu Teaching and Educational note An approach to detecting plagiarism in spreadsheet assignments: A digital answer to digital cheating Anil Singh a,⇑, George Mangalaraj b, Aakash Taneja c a b c School of Business, University of Texas at Brownsville, 80 Fort Brown, Brownsville, TX 78520, United States College of Business and Technology…

    • 4397 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Financial Statement

    • 1261 Words
    • 6 Pages

    Introduction | 2 | Financial statements | 3 | types of financial statement | 4 | relationship between financial statement | 5 | financial statement in practice | 6 | | | | | Introduction Financial Statement In the name of Allah most gracious most merciful. In this essay I will take about financial statement. Trying to write everything I knew about it, starting with the types of financial statement, relationship between financial statement and financial statement in practice. I will…

    • 1261 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Financial Statement

    • 412 Words
    • 2 Pages

    Financial Statements: The Starting point In the Study Of accounting The principal means of reporting general-purpose financial information to persons outside a business organization is a set of accounting reports called financial statements. The persons receiving these reports are termed the users of the financial statements. A set of financial statements consists of four related accounting reports that summarize in a few pages the financial resources…

    • 412 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Financial Statements

    • 723 Words
    • 3 Pages

    Financial Statements December 18, 2012 Financial Statements There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers, creditors, and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also, why these statements are of interest to managers, creditors, and investors…

    • 723 Words
    • 3 Pages
    Good Essays