Kecurangan Dalam Laporan Keuangan

Abstract

Financial Statements Fraud (FSF) is harmful not only for individual but also to financial markets and society as a whole. The stock market can be viewed as a mechanism that assigns gains and losses to individual stockholders on risk and reward basis. About half of FSF’s involve overstating revenues and overstating assets, with overstating revenues being the most common type of financial statement frauds. The Sarbanes-Oxley Act (SOX) focus on preventing financial statement fraud for publicly traded companies, but much of its application can be useful for private companies. The SOX is to minimize FSF by promoting strong GCG. If the audit committee does its job well, FSF cannot be occurred.