Financial Fraud Analysis Pt. Rb With Beneish Ratio Approach 2017- Third Quarter 2022

Rudy Mikiyanto Kusumo

Abstract


One of the goals of establishing a business entity is to get high profits so that it can increase the value of the company. Investors' assessment of the company's value is based on how well the company is performing, which can be seen in the company's financial statements. Companies that have good performance generally increase the company's stock price. This type of research is a descriptive research. The data used is secondary data. The data taken is the data of the Financial Statements of PT. RB in 2017, 2018, 2019, 2020, 2021, 3rd quarter 2021, and 3rd quarter 2022. PT RB is a mining company that has been reported to manipulate Financial Statements in 2011. The data collection technique in this study uses the documentation method while the analysis technique uses the Ratio Index. Classification of PT. RB during 2018, 2019, 2021, and the 3rd quarter of 2022 based on the beneish ratio revealed that in those years, PT. RB is classified as a non-manipulator. However, in 2020 the company PT. RB is classified as a manipulator. The results of this study indicate that PT. RB with GMI, SGI, DEPI, SGAI, LVGI, TATA ratios proves that there are indications of fraud in the financial statements. These ratios can be used as a tool to detect fraudulent financial statements at PT. RB.

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References


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