Deteksi Manipulasi Laporan Keuangan Menggunakan Model Beneish M-Score pada BUMN yang Terdaftar di Pasar Modal

Inefficiency, mismanagement, political elements, conflicts of interest are some of the causes of problems in SOE. The purpose of this study is to provide empirical evidence of manipulation of the financial statements of SOEs. By using a sample of 16 state-owned companies with 10 years of observation, we find that there are 89 companies classified as manipulators and 71 non-manipulator companies out of 160 company year observations. Overall. Matrices of independent variables plus vectors of residuals are used to categorise as manipulator and non-manipulator firm. The grey area of a firm not included in our analysis as popularised by previous research to preserve that in manipulation circumstances there are only two discretions on the side of the corporation, they are to beat or to keep earning targets. We offer to use the Beneish M-Score model to provide the evidence in what type of 8 variable are used to SEO in order to make manipulated financial report. The Results are that GMI and TATA affect the manipulation of financial statements. Our findings show that SOEs improve permanent income by increasing sales and accounts receivable data so that margins are more acceptable by relevant users. Suboptimal margins are evidence that there are inefficiencies in SOEs. In addition to GMI, SOE management also utilises the flexibility of the company's accruals by improving the cash element, and the company's liabilities to assets so that it appears to have a good solvency value as a representation that SOEs have promising subsequent growth.