Karakteristik Auditor Internal dan Eksternal terhadap Manajemen Laba pada Perusahaan Perbankan
Abstract
Earnings management can be minimized by implementing good governance. The principles of good governance can be realized through: completeness and implementation of the committee's duties that carry out the internal control function, as well as the implementation of the audit function, and the implementation of the audit. This study shows the effect of the ratio of internal auditor certification, realization of internal auditors / audits, number of internal auditors, size of KAP, tenure of KAP, and KAP specialists on earnings management.. This study uses a quantitative approach with secondary data derived from the IDX website data. The sampling technique was carried out using a purposive sampling method. The analytical method used is multiple linear regression analysis. The results of the analysis show that the variables of the number of internal auditors, size of KAP, and tenure of KAP have a significant effect on earnings management of banking companies. Variables of certification, realization of internal auditors, and KAP specialists have no significant effect on earnings management of banking companies.
Keywords: Earning Management; Internal Auditor; External Auditor.
Downloads
Download data is not yet available.
References
Al-Rassas, A. H., & Kamardin, H. (2015). Internal and external audit attributes, audit committee characteristics, ownership concentration and earnings quality: Evidence from Malaysia. Mediterranean Journal of Social Sciences, 6(3), 458. https://doi.org/10.5901/mjss.2015.v6n3p458
Alzoubi, E. S. S. (2016). Audit quality and earnings management: evidence from Jordan. Journal of Applied Accounting Research. https://doi.org/10.1016/j.intaccaudtax.2017.12.001
Alzoubi, E. S. S. (2018). Audit quality, debt financing, and earnings management: Evidence from Jordan. Journal of International Accounting, Auditing and Taxation, 30, 69–84. https://doi.org/10.1016/j.intaccaudtax.2017.12.001
Arens, A. A., Elder, R. J., & Mark, B. (2012). Auditing and assurance services: an integrated approach. Boston: Prentice Hall.
Barghathi, Y., Collison, D., & Crawford, L. (2015). Earnings Management and the Role of the External Auditor. Financial Reporting and Business Communication Nineteenth Annual Conference.
CNBC Indonesia. (2018). Drama Bank Bukopin: Kartu Kredit Modifikasi dan Rights Issue. Diambil 3 Februari 2020, dari https://www.cnbcindonesia.com/market/20180427144303-17-12810/drama-bank-bukopin-kartu-kredit-modifikasi-dan-rights-issue
Darmawi, H. (2011). Manajemen perbankan. Jakarta: Bumi Aksara.
DeBoskey, D. G., & Jiang, W. (2012). Earnings management and auditor specialization in the post-sox era: An examination of the banking industry. Journal of Banking & Finance, 36(2), 613–623. https://doi.org/10.1016/j.jbankfin.2011.09.007
Ghosh, A., & Moon, D. (2005). Auditor tenure and perceptions of audit quality. The accounting review, 80(2), 585–612. https://doi.org/10.2308/accr.2005.80.2.585
Ginting, J. N. (2010). Pengaruh Struktur Kepemilikan dan Kualitas Audit terhadap Manajemen Laba.
Gul, F. A., Fung, S. Y. K., & Jaggi, B. (2009). Earnings quality: Some evidence on the role of auditor tenure and auditors’ industry expertise. Journal of accounting and Economics, 47(3), 265–287. https://doi.org/10.1016/j.jacceco.2009.03.001
Hartono, J. (2008). Teori portofolio dan analisis investasi. Yogyakarta: BPFE.
Idris, M. I., Siam, Y. I. A., & Ahmad, A. L. (2018). The impact of external auditor size on the relationship between audit committee effectiveness and earnings management. Investment management and financial innovations, (15, Iss. 3), 122–130. https://doi.org/10.21511/imfi.15(3).2018.10
IIA. (2011). International Professional Practices Framework. USA: The Institute of Internal Auditor Inc.
Jensen, M. C., & Meckling, W. H. (1976). Agency Costs and the Theory of the Firm. Journal of financial economics, 3(4), 305–360. https://doi.org/10.1111/j.1540-6288.1986.tb00759.x
Johnson, V. E., Khurana, I. K., & Reynolds, J. K. (2002). Audit‐firm tenure and the quality of financial reports. Contemporary accounting research, 19(4), 637–660. https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD
Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2004). Earnings management to reduce earnings variability: evidence from bank loan loss provisions. Review of Accounting and Finance. https://doi.org/10.1108/eb043399
Kasmir. (2013). Analisis Laporan Keuangan. Jakarta: PT. Raja Grafindo Persada.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2011). Intermediate Accounting, Working Papers (Vol. 2). John Wiley & Sons.
Kwak, W., Lee, H.-Y., & Eldridge, S. W. (2009). Earnings management by Japanese bank managers using discretionary loan loss provisions. Review of Pacific Basin Financial Markets and Policies, 12(01), 1–26. https://doi.org/10.1142/S0219091509001526
Lim, C., & Tan, H. (2008). Non‐audit service fees and audit quality: The impact of auditor specialization. Journal of accounting research, 46(1), 199–246. https://doi.org/10.1111/j.1475-679X.2007.00266.x
Lin, J. W., & Hwang, M. I. (2010). Audit quality, corporate governance, and earnings management: A meta‐analysis. International Journal of Auditing, 14(1), 57–77. https://doi.org/10.1111/j.1099-1123.2009.00403.x
Liputan6. (n.d.). BI dan BEJ Membahas Kasus Bank Lippo. Diambil 3 Februari 2020, dari https://www.liputan6.com/news/read/49134/bi-dan-bej-membahas-kasus-bank-lippo#
Miharjo, S., & Hartadi, B. (2012). Does auditor tenure reduce audit quality? Gadjah Mada International Journal of Business, 14(3), 303–315. https://doi.org/10.22146/gamaijb.5478
Nawaiseh, M. E. (2016a). Can earnings management be influenced by audit quality. International Journal of Finance and Accounting, 5(4), 209–219. https://doi.org/10.5923/j.ijfa.20160504.06
Nawaiseh, M. E. (2016b). Impact of external audit quality on earnings management by banking firms: Evidence from Jordan. Current Journal of Applied Science and Technology, 1–14. https://doi.org/10.9734/bjast/2016/19796
Oraby, S. A. (2017). The impact of earnings management strategies on accounting information relevance. International Journal of Business and Social Science, 8(4), 125–135. https://doi.org/10.1016/j.jacceco.2009.01.001
Otoritas Jasa Keuangan. (2016). 55/POJK. 03/2016. Tentang Penerapan Tata Kelola Bagi Bank Umum.
Piot, C., & Janin, R. (2007). External auditors, audit committees and earnings management in France. European accounting review, 16(2), 429–454. https://doi.org/10.1080/09638180701391030
Prawitt, D. F., Smith, J. L., & Wood, D. A. (2009). Internal audit quality and earnings management. The accounting review, 84(4), 1255–1280. https://doi.org/10.2308/accr.2009.84.4.1255
Rahmawati, M., Dewi, V. S., & Hikmah, S. N. (2017). Pengaruh Kualitas Auditor dan Corporate Governance terhadap Manajemen Laba (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2016). URECOL, 459–474.
Sepasi, S., Dianati Deilami, Z., & Manzari Tavakoli, S. (2018). Internal Audit, Board of Directors and Financial Reporting Quality. International Journal of Finance & Managerial Accounting, 2(8), 63–75. https://doi.org/10.1108/MAJ-06-2013-0886
Soliman, M. M., & Ragab, A. A. (2014). Audit committee effectiveness, audit quality and earnings management: an empirical study of the listed companies in Egypt. Research Journal of Finance and Accounting, 5(2), 155–166. https://doi.org/10.22495/cocv11i2c3p4
Xu, Z., Choo, K.-K. R., Dehghantanha, A., Parizi, R., & Hammoudeh, M. (2019). Cyber Security Intelligence and Analytics (Vol. 928). Springer.
Zandi, G., Sadiq, M., & Mohamad, S. (2019). Big-four auditors and financial reporting quality: evidence from Pakistan. Humanities & Social Sciences Reviews, 7(2), 369–375. https://doi.org/10.18510/hssr.2019.7243
Alzoubi, E. S. S. (2016). Audit quality and earnings management: evidence from Jordan. Journal of Applied Accounting Research. https://doi.org/10.1016/j.intaccaudtax.2017.12.001
Alzoubi, E. S. S. (2018). Audit quality, debt financing, and earnings management: Evidence from Jordan. Journal of International Accounting, Auditing and Taxation, 30, 69–84. https://doi.org/10.1016/j.intaccaudtax.2017.12.001
Arens, A. A., Elder, R. J., & Mark, B. (2012). Auditing and assurance services: an integrated approach. Boston: Prentice Hall.
Barghathi, Y., Collison, D., & Crawford, L. (2015). Earnings Management and the Role of the External Auditor. Financial Reporting and Business Communication Nineteenth Annual Conference.
CNBC Indonesia. (2018). Drama Bank Bukopin: Kartu Kredit Modifikasi dan Rights Issue. Diambil 3 Februari 2020, dari https://www.cnbcindonesia.com/market/20180427144303-17-12810/drama-bank-bukopin-kartu-kredit-modifikasi-dan-rights-issue
Darmawi, H. (2011). Manajemen perbankan. Jakarta: Bumi Aksara.
DeBoskey, D. G., & Jiang, W. (2012). Earnings management and auditor specialization in the post-sox era: An examination of the banking industry. Journal of Banking & Finance, 36(2), 613–623. https://doi.org/10.1016/j.jbankfin.2011.09.007
Ghosh, A., & Moon, D. (2005). Auditor tenure and perceptions of audit quality. The accounting review, 80(2), 585–612. https://doi.org/10.2308/accr.2005.80.2.585
Ginting, J. N. (2010). Pengaruh Struktur Kepemilikan dan Kualitas Audit terhadap Manajemen Laba.
Gul, F. A., Fung, S. Y. K., & Jaggi, B. (2009). Earnings quality: Some evidence on the role of auditor tenure and auditors’ industry expertise. Journal of accounting and Economics, 47(3), 265–287. https://doi.org/10.1016/j.jacceco.2009.03.001
Hartono, J. (2008). Teori portofolio dan analisis investasi. Yogyakarta: BPFE.
Idris, M. I., Siam, Y. I. A., & Ahmad, A. L. (2018). The impact of external auditor size on the relationship between audit committee effectiveness and earnings management. Investment management and financial innovations, (15, Iss. 3), 122–130. https://doi.org/10.21511/imfi.15(3).2018.10
IIA. (2011). International Professional Practices Framework. USA: The Institute of Internal Auditor Inc.
Jensen, M. C., & Meckling, W. H. (1976). Agency Costs and the Theory of the Firm. Journal of financial economics, 3(4), 305–360. https://doi.org/10.1111/j.1540-6288.1986.tb00759.x
Johnson, V. E., Khurana, I. K., & Reynolds, J. K. (2002). Audit‐firm tenure and the quality of financial reports. Contemporary accounting research, 19(4), 637–660. https://doi.org/10.1506/LLTH-JXQV-8CEW-8MXD
Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2004). Earnings management to reduce earnings variability: evidence from bank loan loss provisions. Review of Accounting and Finance. https://doi.org/10.1108/eb043399
Kasmir. (2013). Analisis Laporan Keuangan. Jakarta: PT. Raja Grafindo Persada.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2011). Intermediate Accounting, Working Papers (Vol. 2). John Wiley & Sons.
Kwak, W., Lee, H.-Y., & Eldridge, S. W. (2009). Earnings management by Japanese bank managers using discretionary loan loss provisions. Review of Pacific Basin Financial Markets and Policies, 12(01), 1–26. https://doi.org/10.1142/S0219091509001526
Lim, C., & Tan, H. (2008). Non‐audit service fees and audit quality: The impact of auditor specialization. Journal of accounting research, 46(1), 199–246. https://doi.org/10.1111/j.1475-679X.2007.00266.x
Lin, J. W., & Hwang, M. I. (2010). Audit quality, corporate governance, and earnings management: A meta‐analysis. International Journal of Auditing, 14(1), 57–77. https://doi.org/10.1111/j.1099-1123.2009.00403.x
Liputan6. (n.d.). BI dan BEJ Membahas Kasus Bank Lippo. Diambil 3 Februari 2020, dari https://www.liputan6.com/news/read/49134/bi-dan-bej-membahas-kasus-bank-lippo#
Miharjo, S., & Hartadi, B. (2012). Does auditor tenure reduce audit quality? Gadjah Mada International Journal of Business, 14(3), 303–315. https://doi.org/10.22146/gamaijb.5478
Nawaiseh, M. E. (2016a). Can earnings management be influenced by audit quality. International Journal of Finance and Accounting, 5(4), 209–219. https://doi.org/10.5923/j.ijfa.20160504.06
Nawaiseh, M. E. (2016b). Impact of external audit quality on earnings management by banking firms: Evidence from Jordan. Current Journal of Applied Science and Technology, 1–14. https://doi.org/10.9734/bjast/2016/19796
Oraby, S. A. (2017). The impact of earnings management strategies on accounting information relevance. International Journal of Business and Social Science, 8(4), 125–135. https://doi.org/10.1016/j.jacceco.2009.01.001
Otoritas Jasa Keuangan. (2016). 55/POJK. 03/2016. Tentang Penerapan Tata Kelola Bagi Bank Umum.
Piot, C., & Janin, R. (2007). External auditors, audit committees and earnings management in France. European accounting review, 16(2), 429–454. https://doi.org/10.1080/09638180701391030
Prawitt, D. F., Smith, J. L., & Wood, D. A. (2009). Internal audit quality and earnings management. The accounting review, 84(4), 1255–1280. https://doi.org/10.2308/accr.2009.84.4.1255
Rahmawati, M., Dewi, V. S., & Hikmah, S. N. (2017). Pengaruh Kualitas Auditor dan Corporate Governance terhadap Manajemen Laba (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2016). URECOL, 459–474.
Sepasi, S., Dianati Deilami, Z., & Manzari Tavakoli, S. (2018). Internal Audit, Board of Directors and Financial Reporting Quality. International Journal of Finance & Managerial Accounting, 2(8), 63–75. https://doi.org/10.1108/MAJ-06-2013-0886
Soliman, M. M., & Ragab, A. A. (2014). Audit committee effectiveness, audit quality and earnings management: an empirical study of the listed companies in Egypt. Research Journal of Finance and Accounting, 5(2), 155–166. https://doi.org/10.22495/cocv11i2c3p4
Xu, Z., Choo, K.-K. R., Dehghantanha, A., Parizi, R., & Hammoudeh, M. (2019). Cyber Security Intelligence and Analytics (Vol. 928). Springer.
Zandi, G., Sadiq, M., & Mohamad, S. (2019). Big-four auditors and financial reporting quality: evidence from Pakistan. Humanities & Social Sciences Reviews, 7(2), 369–375. https://doi.org/10.18510/hssr.2019.7243
Published
2020-12-14
How to Cite
KURNIAWAN, Fauziyyah Sukmawati; BERNAWATI, Yustrida.
Karakteristik Auditor Internal dan Eksternal terhadap Manajemen Laba pada Perusahaan Perbankan.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 12, p. 3176 - 3188, dec. 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/61628>. Date accessed: 26 apr. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i12.p14.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
