Application Of The Beneish M-Score And Z-Score Models In Soe Companies
Keywords:
Z-Score, Beneish M-Score, BUMNAbstract
Financial reports, such as BUMN's financial statements, offer an overview of the company's financial status. BUMN enterprises are frequently perceived as having less transparency in their financial reporting. As a result, state-owned enterprises are more prone to financial statement fraud. Furthermore, state-owned enterprises are frequently overly reliant on the government, both in terms of regulation and finance; this reliance contributes to misleading financial statements. The purpose of this research is to gather data on the utilization of the Beneish M-Score model and the Altman Z-Score model in detecting financial statement fraud in state-owned enterprises from 2008 to 2021. This study employs descriptive statistics and secondary data types. The study's findings include the Z-Score, which indicates an unhealthy company condition; Unsound financial conditions are not the only factor that causes companies to manipulate financial reports; Unsound financial health conditions are not always a factor that causes companies to manipulate financial reports; Financial manipulation by companies frequently has a negative impact on the company's financial condition in the future.
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