Deteksi Fraudulent Financial Reporting dengan Menggunakan Beneish Ratio Index dan Predicting Financial Stress dengan Altman Z Score (Studi Empiris pada Perusahaan yang Melakukan Penawaran Saham Perdana (IPO) di Bursa Efek Indonesia Tahun 2013-2015)

Abstract

The topic in this study is about examines fraudulent financial statements of companies conducting an Initial Public Offering on the Indonesia Stock Exchange in 2013-2015, analyzing Financial Distress predictions. The method is using Ratio Analysis technique to the company's financial statement data which is determine as a manipulators and non-manipulators company, and the measurement tool is using the Beneish Model. In predicting financial distress is using Altman Z Score analysis techniques. The sampling technique was purposive sampling and obtained a sample of 31 of the 37 companies listed on the IDX and conducted IPOs in 2012-2015. The results of the study showed that 58% of the companies belonged to manipulators and 42% of the companies belonged to non-manipulators, besides that there were 77.42% in financially safe conditions, 19.35% special attention, and 3.23% experiencing bankruptcy.