PERAN AUDITOR SPESIALIS INDUSTRI DALAM MENGURANGI MANAGEMEN
LABA AKRUAL DAN MANAGEMEN LABA REAL PADA PERIODA SEBELUM DAN SETELAH KEPUTUSAN
MENTERI KEUANGAN NO.423/KMK.06/2002
Yeni Januarsi
(FE Universitas Sultan Ageng Tirtayasa)
Abstract
This study examines the role of
audit quality in mitigating earnings management. Specifically, the aims of this
study are (1) strengthen empirical result about the role of auditor industry
specialization in mitigating accrual earnings management, (2) show empirically
whether auditor industry specialization can mitigate real earnings management, (3)
examine effect of regulation No.423/KMK.06/2002 issued by Ministry of Financial
in Indonesia on the role of auditor industry specialization in mitigating
accrual and real earnings management.. The sample is drawn from unregulated
industry for periods 2001-2007 and focus on samples that have income increasing
earnings management. This study employs two proxies for real earnings
management. They are abnormal cash flow and abnormal cost production.
Measurement of these proxies is different from previous study. It was
determined by average value of cash flow and average value of cost production.
By using t-test, this study show that auditor industry specialization can
mitigate accrual earnings management but cannot mitigate real earnings
management. Specifically, this study find that new regulation issued by
government can’t give a significant contribution for mitigating real earnings
management. It is shown by lacking in ability of auditor industry specialization
in mitigating real earnings management even when regulation was issued. For accrual
earnings management case, new regulation give good effect for improving the quality
of non-specialist auditor. In my consideration, this could happen because the
ability of non-specialist auditor increase after government issued new
regulation. This is show that new regulation gives more effect on improving
audit quality of non-specialist auditor than effect on specialize auditor.
Key words: industry specialist auditor,
accrual earnings management, real earnings management.
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