Analysis of Sharia Banking Financial Fraud using Beneish Ratio and Sharia Compliance Ratio

Kusumo, Rudy Mikiyanto and Tarjo, Tarjo and Haryadi, Bambang and Alim, Moh. Nizarul and Prasetyono, Prasetyono and Yuliana, Rita and Rahman, Daisar (2020) Analysis of Sharia Banking Financial Fraud using Beneish Ratio and Sharia Compliance Ratio. In: ICFF 2019, 13-14 August 2019, Bali, Indonesia.

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Abstract

The concept of Sharia is recently growing in Indonesia. It offers sharia compliance and Islamic values in company management. Therefore, the Islamic concept applied in Islamic banks is inseparable from fraud. 99 % of BPR /BPRS liquidation cases are caused by fraud (Kompas, 2017).This research was descriptive. Data were taken from Financial Statements of Sharia Rural Banks (BPRS) HA on 2013 -2015. In addition, the data collection used documentation method while the analysis used Ratio Index. The classification of Sharia Rural Banks (BPRS) HA during 2013 to 2015 based on Beneish ratios revealed that, in that period, the Sharia Rural Banks (BPRS) HA were classified as a non-manipulator. Results of research indicate that these are classified as non-manipulators, however the DSRI, AQI, SGI, DEPI and profit sharing ratios prove that there is a fraud in the financial statements. These ratios can be used as a tool to detect fraud on Sharia Banks' financial statements.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: fraud beneish sharia compliance
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 18 Mar 2021 12:27
Last Modified: 18 Mar 2021 12:27
URI: https://eprints.eudl.eu/id/eprint/1716

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