Detecting Fraudulent Financial Statements with Beneish M-Score during the Covid-19 Pandemic

Civta Darmawan, Harsana Harsana, Harti Budi Yanti

Abstract


Financial statements are used by many parties in making decisions. In recent years there have been frequent cases of fraudulent financial statements. Based on the report of the Association of Certified Fraud Examiners, the banking and financial sector occupies the top position in cases of fraudulent financial statements. One of model that is often used to find indications of manipulation in financial statements is Beneish M-Score. This study examines whether the Beneish M-Score can be used to predict manipulation in the financial statements of banking companies. The results showed that the Beneish M-Score could predict the manipulation of financial statements.


Keywords


fraudulent financial statement; beneish m-score; banking

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DOI: https://doi.org/10.33258/birci.v5i3.6078

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.