Research Article
Analysis of Sharia Banking Financial Fraud using Beneish Ratio and Sharia Compliance Ratio
@INPROCEEDINGS{10.4108/eai.13-8-2019.2294262, author={Rudy Mikiyanto Kusumo and Tarjo Tarjo and Bambang Haryadi and Moh. Nizarul Alim and Prasetyono Prasetyono and Rita Yuliana and Daisar Rahman}, title={Analysis of Sharia Banking Financial Fraud using Beneish Ratio and Sharia Compliance Ratio}, proceedings={Proceedings of The First International Conference on Financial Forensics and Fraud, ICFF, 13-14 August 2019, Bali, Indonesia}, publisher={EAI}, proceedings_a={ICFF}, year={2020}, month={5}, keywords={fraud beneish sharia compliance}, doi={10.4108/eai.13-8-2019.2294262} }- Rudy Mikiyanto Kusumo
Tarjo Tarjo
Bambang Haryadi
Moh. Nizarul Alim
Prasetyono Prasetyono
Rita Yuliana
Daisar Rahman
Year: 2020
Analysis of Sharia Banking Financial Fraud using Beneish Ratio and Sharia Compliance Ratio
ICFF
EAI
DOI: 10.4108/eai.13-8-2019.2294262
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.
