Detection of Financial Statement Fraud Using Hexagon Theory Analysis and Covid-19

This study aims to determine the influence of the fraud hexagon model, namely stimulus (pressure) proxied with financial targets, opportunities proxied with the nature of industry, rationalization proxied by change in auditors, capability proxied by change of directors, arrogance which is proxied with frequent numbers of CEO's pictures, collusions proxied with government projects, and covid-19 against financial statement fraud. The sample of this study is a food and beverage subsector manufacturing company listed on the Indonesia Stock Exchange (IDX) in 2016-2021. This study uses secondary data, namely financial statements and annual reports. Based on the purposive sampling method, the number of companies sampled in this study was 16 companies out of a total of 20registered companies and multiple linear regression analysis using the SPSS 25 program. The results of this study found that financial targets, nature of industry, frequent numbers of CEO's picture, and government projects have a significant effect on financial statement fraud. Meanwhile, changes in auditors, changes of directors, and covid-19 did not have a significant effect on financial statement fraud in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2016-2021.