Revisiting Fraud Theories in Indonesian Context: A Systematic and Critical Literature Analysis

Authors

DOI:

https://doi.org/10.14414/tiar.v15i1.5021

Keywords:

Fraud Triangle, Fraud Diamond, Fraud Pentagon, Fraud Hexagon, Financial Fraud

Abstract

Financial fraud, ranging from corporate mismanagement to embezzlement of public funds, remains a crucial issue in Indonesia, reflecting systemic weaknesses in governance and regulation. Utilizing theoretical frameworks, such as the fraud triangle, fraud diamond, fraud pentagon, and fraud hexagon, this study aims to explore various studies examining the factors contributing to financial fraud in Indonesia. This qualitative study uses the Charting the Field method to analyze 69 articles published in SINTA 2 and Scopus-indexed journals between 2016 and 2024. The results indicate inconsistencies in research findings due to methodological limitations, the use of incompatible dependent variables, and unrepresentative proxies for independent variables. There are gaps in author collaboration and thematic focus. Furthermore, some studies still focus on separate theoretical models. This study is expected to contribute to the accounting literature and serve as a reference for more innovative and contextually relevant further research.

Author Biographies

Ida Kristiana, Universitas Muhammadiyah Semarang

Ida Kristiana is a lecturer at the Faculty of Economics and Business, Universitas Muhammadiyah Semarang in Semarang, Indonesia. She obtained her Bachelor’s degree in Economics, majoring in Accounting, from Universitas Muhammadiyah Malang in 1997, and completed her Master of Science in Accounting at Universitas Diponegoro in 2012. Her research primarily explores topics such as audit delay, corporate profitability, credit distribution, and stock returns. She has published her work in several academic platforms, including the Economics and Business International Conference Proceeding, Universal Journal of Accounting and Finance, Jurnal Analisis Bisnis Ekonomi, Journal of Management and Business, among others. Author’s contact detail: Faculty of Economics and Business; Universitas Muhammadiyah Semarang; Jl. Kedungmundu No. 18, Semarang, Indonesia; +6281225201733; ida.kristiana@unimus.ac.id ; ORCID ID: 0009-0005-1795-6353

 

Nabila Syaharani Selima, Universitas Sebelas Maret Surakarta

Nabila Syaharani Selima is an undergraduate student at the Faculty of Economics and Business, Universitas Sebelas Maret in Surakarta, Indonesia. She earned her Bachelor's degree in Accounting from Universitas Sebelas Maret in 2025. She holds a certification as a Pratama Accounting Technician and has gained practical experience through internships as an audit intern at Moore Global and as a finance and accounting intern at the state-owned enterprise Perum Perumnas. Author’s contact details: Faculty of Economics and Business; Universitas Sebelas Maret; Jl. Ir. Sutami No. 36, Surakarta, Indonesia; +6281225727152; nabilaselima@student.uns.ac.id

Doddy Setiawan, Universitas Sebelas Maret Surakarta

Doddy Setiawan is a lecturer at the Faculty of Economics and Business, Universitas Sebelas Maret in Surakarta, Indonesia. He obtained his Bachelor’s degree in Economics, majoring in Accounting, from Universitas Sebelas Maret in 1998, completed his Master of Science in Accounting at Universitas Gadjah Mada in 2002, and completed his doctoral degree in Accounting from Universiti Sains Malaysia in 2015. His research primarily explores topics such as carbon disclosure, climate change, corporate sustainability, and ESG. He has published his work in several academic platforms, including Cogent Business & Management, Cogent Social Sciences, International Journal of Disclosure and Governance, Business Strategy and Development, Journal of Asian Energy Studies, among others. Author’s contact details: Faculty of Economics and Business; Universitas Sebelas Maret; Jl. Ir. Sutami No. 36, Surakarta, Indonesia; +628112630300; doddy.setiawan@staff.uns.ac.id

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Submitted

2025-01-07

Published

2025-08-02

How to Cite

Revisiting Fraud Theories in Indonesian Context: A Systematic and Critical Literature Analysis. (2025). The Indonesian Accounting Review, 15(1), 85-98. https://doi.org/10.14414/tiar.v15i1.5021

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Vol. 15 No. 1 (2025): January-June 2025

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How to Cite

Revisiting Fraud Theories in Indonesian Context: A Systematic and Critical Literature Analysis. (2025). The Indonesian Accounting Review, 15(1), 85-98. https://doi.org/10.14414/tiar.v15i1.5021