Analysis of Financial Statement Fraud: The Vousinas Fraud Hexagon Model Approach and the Audit Committe as Moderating Variable

The purpose of this study is to see if the Vousinas Fraud Hexagon Model approach has the potential to fraud financial statements as well as audit committees as moderating factors. The fraud hexagon hypothesis detects factors of the risk of fraud such as stimulation (pressure), capability, opportunity, rationalization, arrogance, and collusion. This is a quantitative method based on secondary data. Property, real estate, and building construction sector companies listed on the Indonesia Stock Exchange (IDX) in 2017-2020 are the population used. The study sample included 64 companies. Multiple liner regression and moderated regression analysis (MRA) are data analysis methods. According to the findings of this study, stimulus proxied by financial stability and rationalization proxied by TATA have an effect on financial statement fraud, whereas capability proxied by director experience, opportunity proxied by family firms, and collusion proxied by audit fees have no effect. The audit committee has the potential to moderate the impact of capability, rationalization, and arrogance on financial statement fraud