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This study aimed to examine the influence of the governance structure which consists of the age of directors, educational background of directors, directors’ gender, managerial ownership, and the existence of Independent Board of Commissioners on financial statement fraud. This research's populations are Manufacturing, Property, Real estate, and Construction Companies listed on the Indonesia Stock Exchange (IDX) period 2014-2018. The type of data used in research was secondary data and using a purposive sampling method to determine 475 companies for the samples. This research used a logistic regression analysis. The result of this research indicated that the age of directors, the gender of directors, and managerial ownership had a significant negative effect on financial statement fraud. However, the study did not find the advantage of the educational background of directors and the existence of the independent member of the Board of Commissioners on financial statement fraud.


Financial Statement Fraud Governance Structure Directors Independent Board of Commissioners

Article Details

Author Biographies

Agung Nur Probohudono, Faculty of Economics and Business, Sebelas Maret University, Surakarta, Indonesia

Agung Nur Probohudono is a Lecturer at the Faculty of Economics and Business of Sebelas Maret University, Surakarta, Indonesia. He has taught public sector audit, public sector accounting, and public sector accounting systems. He is registered as a Certified Accountant (CA) in Indonesia. Currently, he is the Head of the Department of Accounting Sebelas Maret University. The focus of his current research is corporate governance, financial reporting, and public sector performance.

Anju Theresia Lubis, Faculty of Economics and Business, Sebelas Maret University, Surakarta, Indonesia

Anju Theresia Lubis is a graduate from the Faculty of Economics and Business of Sebelas Maret University, Surakarta, Indonesia. She was a teaching assistant for the Auditing course. Currently, she lives in Jakarta and is an entrepreneur in her current business.

Ertambang Nahartyo, Faculty of Economics and Business, Gadjah Mada University, Yogyakarta, Indonesia

Ertambang Nahartyo is a Lecturer at the Faculty of Economics and Business of Gadjah Mada University, Jogjakarta, Indonesia. The area of his expertise is about commerce, management, tourism and services, management accounting, accounting, auditing and accountability. The interested of his current research is behavioural accounting, management control system, managerial accounting

Siti Arifah, Faculty of Economics and Business, Tidar University, Magelang, Indonesia

Siti Arifah is a Lecturer at the Faculty of Economics of Tidar University, Magelang, Indonesia. She has taught public sector accounting and financial accounting. She is registered as a Certified Accountant (CA) in Indonesia. The focus of her current research is public sector performance, corporate governance, and financial reporting.


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