Retno Widiastuti, Zainal Abdul Haris, Erlin Melani
Regulations regarding the export policy of ore in Indonesia have undergone several changes over a relatively short period of time. The application of these regulations is predicted to have an impact on financial performance. Under these conditions managers often face pressure to carry out financial statements fraud when financial stability is threatened by economy, industry, and the situation of the operating entity. This study aims to detect the possibility of financial statements fraud. The research population was totally 173 companies data in the mining sector which were listed on the Indonesia Stock Exchange during 2014-2017. The research sample was selected by purposive sampling criteria and selected 101 companies data. The data collection method used is documentation. Data analysis is the Beneish M-Score calculation model. The results showed that the ore export ban did indeed affect the company's financial performance. Many companies in the sector cannot make sales transactions because of the policy. As a result, many companies in the sector reported losses in the current year. This condition certainly greatly affects the company's financial performance. This is also supported by the results of the Beneish M-Score calculation which shows that all research objects are indicated to manipulate their financial statements. © BEIESP.
Accounting Departement, State Polytechnic of Malang, Malang, Indonesia
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