Jurnal Akademi Akuntansi

Does the quality of integrated reporting differ across different industries? a comparative study of mining and financial sectors

Ravid Nur Wahid — 2024-11-25

Purpose: This research was conducted to test the influence of the board of directors and audit committee on IR quality and to compare IR quality in mining and financial sector companies.Methodology/approach: The research uses secondary data from the annual reports of mining and financial sector companies listed on the IDX for 2019-2022. Stata 17 and SPSS 26 were used to analyze the data and test the hypotheses. Findings: The empirical findings showed that the board of directors in mining companies did not affect IR quality. Meanwhile, different results were found in financial companies where the board of directors significantly affected IR quality. The audit committee did not significantly affect the quality of IR in mining and financial companies. Furthermore, it was found that there were significant differences between IR quality in mining and financial sector companies.

Practical and Theoretical Contribution/Originality: This study's findings verify the IR quality discrepancy between different sectors. Government and policymakers must reevaluate the regulations regarding the number of boards of directors and audit committees to ensure the mentioned entity contributes to improving IR quality.

Research Limitation: Although this study provides empirical evidence regarding the difference in IR quality between the mining and financial sectors, it fails to address which sector has better IR quality.

Moderation of gender diversity in factors affecting firm value

Yenny Wati — 2024-11-25

Purpose: This study examines the impact of financial performance, board size, and working capital on firm value. Gender diversity is a moderating variable in studies that determines how the effectiveness of financial performance, board size, and working capital affect firm value.

Methodology/approach: Manufacturing enterprises are the sample for this research, and the secondary data source is the Indonesian Stock Exchange from 2019 to 2023. This study combines SPSS with a data analysis approach known as moderating regression analysis.

Findings: Financial performance, board size, and working capital have a beneficial impact on firm value. Gender diversity can moderate the effects of financial performance, board size, and working capital on the firm's value.

Practical and Theoretical Contribution/ Originality: The highest executive levels within the company's hierarchy are the focus of this study. Numerous earlier studies have not been able to examine or test gender diversity in these ranks. Important individuals, such as the board of directors, occupy these positions. This role is crucial to the development and operation of each major business division for the corporation. The study's findings further emphasize the prospective advantages of corporate governance frameworks and gender diversity, which can increase the availability of capital, performance, and value for the firm.

Research Limitation: Gender diversity is measured using solely dummy variables and ratios, which ignore the influence of each individual's decision-making style. Gender diversity focuses mostly on business executives. As a result, greater inquiry into other stakeholders who influence business risk-taking decisions is required.

Applicability audit committee on detecting financial statement fraud using diamond theory

Zea Riza Sinensis — 2024-11-25

Purpose: This study investigates the application of fraud diamond theory in the detection of financial statement fraud, utilizing financial targets, industry characteristics, auditor changes, and director changes as independent variables.

Methodology/approach: This research focusing on healthcare companies listed on the Indonesia Stock Exchange (IDX) from 2016 until 2023, the study analyzes data from 32 firms, resulting in 185 analytical units. Employing panel data regression analysis through Eviews 12.

Findings: The findings reveal that only financial targets show a positive and significant influence on financial statement fraud. In contrast, the other variables—industry characteristics, auditor changes, and director changes—show no significant impact. Additionally, while the audit committee moderates the relationship between industry characteristics and financial statement fraud, it does not influence the relationships involving financial targets, auditor changes, or director changes.

Practical and Theoretical contribution/Originality: The novelty of this research is using the audit committee as a moderating variable to minimize the occurrence of financial statement fraud.

Research Limitation: Future research is expected to use new theories, other proxies, and use different sector samples because this research is only limited to healthcare companies.

Extent of ESG disclosure for energy sector companies: ESG reporting guide 2.0 Nasdaq

Juli Riyanto Tri Wijaya — 2024-11-25

Purpose: The aim of this research is to assess the extent to which energy sector companies have disclosed ESG-related information in their annual reports in 2021 and 2022.

Methodology/approach: This research uses secondary data obtained from company annual reports accessed via the Indonesia Stock Exchange website and the official websites of related companies. ESG is measured using indicators from Nasdaq's ESG Reporting Guide 2.0, which consists of a total of 30 measurement indicators.

Findings: The research results show that energy sector companies listed on the IDX in 2021 and 2022 have implemented extensive ESG disclosures to the public.

Practical and Theoretical contribution/Originality: ESG-related information can be used as additional analysis material for investors before deciding to invest in the company. In this way, investors can understand the impacts and efforts made by the company as a result of operational activities that can have an impact on the environment. The findings of this research can also provide a reference for the government in formulating policies regarding the impact of energy sector company activities on environmental sustainability. Meanwhile, for academics, this research can be used as a reference and reference for similar research in the future.

Research Limitation: This research has limitations in the level of subjectivity when searching for information in annual reports. This subjectivity is caused by the use of keywords used by each researcher which can be different. Future research could use other sector areas to assess the extent of ESG disclosure in company annual reports.

Determinants of fraud in the village government: testing whistleblowing systems, internal control systems, village apparatus competencies

Rezha Hari Kurniawan — 2024-11-25

Purpose: This study aims to empirically prove the effect of that whistleblowing system, internal control system, village apparatus competence on the prevention of village fund fraud.

Methodology/approach: This study is a quantitative research with primary data sources obtained from distributing questionnaires to respondents. The sampling technique used was purposive sampling technique. The sample of this study consisted of 118 village apparatuses in Jiken District, Blora Regency. The analysis technique used was Structural Equation Modeling-Partial Least Square (SEM-PLS) and Smart Partial Least Squares (SmartPLS) for data processing.

Findings: The results showed that whistleblowing system, internal control system, village apparatus competence had a positive effect on the prevention of village fund fraud.

Practical and Theoretical Contribution/Originality: The results of this study are expected to contribute to provide consideration or input to the government in making policies related to evaluating the application of fraud prevention in village fund fraud and also useful as a source of reference for other similar studies.

Research Limitation: There has been no research involving the Village Supervisory Agency which carries out the supervisory function of the village government. As a result, the potential disclosure of fraud in the management of village funds is only viewed from the perspective of village officials.

Does good corporate governance predict financial distress?

Zidni Husnia Fachrunnisa — 2024-11-30

Purpose: The primary materials sector is critical as the main foundation for most industries; this sector provides raw materials and basic materials essential for producing various products. This study aims to determine non-financial factors, especially corporate governance factors, that can influence the occurrence of financial Distress in Raw Materials sub-sector companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021.

Methodology/approach: This research uses secondary data, with 90 samples from 30 companies. The sampling technique applied was purposive sampling, and data analysis was carried out through logistic regression using SPSS version 26.

Findings: The study's results showed that good corporate governance (GCG) and corporate social responsibility (CSR) disclosure did not affect financial distress. At the same time, institutional ownership has a positive effect on it.

Practical and Theoretical contribution/Originality: The novelty of this study is examines financial distress in the basic materials sector by analyzing the combined impact of good corporate governance (GCG), corporate social responsibility (CSR) disclosure, and institutional ownership.

Research Limitation: Data collection techniques for this research variables, such as good corporate governance and CSR disclosure, are based on the researcher's subjectivity in index assessment. The next suggestion from researchers is that there needs to be a reviewer to reduce subjective assessments.

Digital accounting based on SAK-ETAP: financial reporting quality as a moderating variable

Evi Juita Wailan' An — 2024-11-30

Purpose: This study aims to determine whether the role of information technology and credit quantity influences the presentation of quality financial statements, with the understanding of SAK-ETAP as a moderating variable in creative businesses in Medan City.

Methodology/approach: The data analysis method used is a reflective construct approach with the SmartPLS 3.0 application.

Findings: The results show that the role of information technology significantly affects the presentation of quality financial statements, while credit quantity does not. The understanding of SAK-ETAP does not moderate the relationship between information technology and credit quantity with the quality of financial statement presentation.

Practical and Theoretical contribution/Originality: UMKM need to recognize the importance of good record-keeping and reporting systems, which may require combining accounting training and the use of accounting software. Theoretically, this study enriches accounting literature by highlighting the limitations of SAK-ETAP understanding in moderating the relationship between credit and report quality, encouraging further research in this field.

Research Limitation: This study's limitations include the variation in individuals' understanding of SAK-ETAP, with the majority of the sample having no knowledge of SAK-ETAP at all. This affected the research results, making it difficult for the researcher to consistently measure the impact of such understanding.

Readiness of private universities to adopt blockchain in accounting information systems

Tazkia Ramadina — 2024-11-30

Purpose: This study aims to collect empirical data on the impact of three critical variables in blockchain adoption – performance expectancy, effort expectancy, and social influence – on the Intention to use blockchain in private higher education institutions in Indonesia. Using the UTAUT theoretical framework, this study aims to understand how these three factors influence the decision to adopt blockchain technology in accounting information systems.

Methodology/approach: This study investigates how private universities in Indonesia perceive the possibility of implementing blockchain technology in the accounting system. By applying the UTAUT model, the study examined three aspects that may influence the willingness to adopt blockchain technology: performance expectancy, effort expectancy, and social influence. Data was collected through distributing questionnaires to 136 leaders of finance departments in various private universities.

Findings: The results show that performance and efficacy expectancy significantly influence the Intention to use blockchain technology in private universities. In contrast, social influence does not show a significant influence.

Practical and Theoretical contribution/Originality: This research makes a practical contribution by highlighting the importance of perceived usefulness and ease of use in driving blockchain adoption in the higher education sector. From a theoretical perspective, this study extends the applicability of the UTAUT model in the context of private universities in Indonesia.

Research Limitation: The Object of this research is only private higher education institutions in Indonesia.

Tax avoidance determinants: the role of dividend policy as moderating variable

Tri Ananda Rizky — 2024-11-30

Purpose: Tax avoidance, which is a legally permissible strategy that complies with tax regulations, can affect the state's revenue targets; thus, this study investigates the effects of Profitability, Firm Size, Institutional Ownership, and Leverage on Tax Avoidance, moderated by Dividend Policy.

Methodology/approach: This research uses quantitative data. The sample consists of 10 State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023, using purposive sampling techniques, which resulted in 50 data points. The analytical method applied is regression moderation analysis, run using the E-Views version 12 program.

Findings: The findings show that Profitability and Institutional Ownership positively affect Tax Avoidance, while Firm Size has a negative impact. Leverage shows no significant effect, with the Dividend Policy moderating the leverage-tax avoidance relationship.

Practical and Theoretical contribution/Originality: This study's findings verify the existence of tax avoidance practices carried out in state-owned companies related to dividend policy decisions made by management and contribute to shareholders' consideration of making decisions at the GMS.

Research Limitation: This research only focuses on the application of tax avoidance in SOEs and does not compare it with private companies.

Can boards of directors in large companies effectively prevent fraud?

Meiliana — 2024-11-30

ABSTRACT

Purpose: The aim to test the impact of the characteristics of board of directors in reducing and preventing the possibility of financial statement fraud with firm size as variable moderating.

Methodoly/Approach: The technique used purposive sampling method resulting of total 435 data and 87 companies in mining sector for the period 2018 – 2022.

Findings: The result of this study is that firm size do not strengthen the board independence, board remuneration, board financial and industry expertise, and number meeting board of director on fraudulent financial statement. However, firm size strengthens the CEO financial and industry expertise on fraudulent financial statement. Another result is CEO financial and industry expertise, board financial expertise has a negative influence on fraudulent financial statement, but board independence, board remuneration, board industry expertise and board effort do not have influence on fraudulent financial statement.

Practical and Theoretical contribution/Originality: This research is expected to be helpful to the companies regarding the importance of the characteristics of the board of directors whether in large and small companies to prevent and detect fraudulent financial statements.

Research Limitation: This limitation is focused only on mining sector companies, and it only measures the characteristic board of directors’ variables.