The Influence of Audit Committee, Good Corporate Governance, and Internal Control System on Fraud Prevention in Banking Sub-Sector Companies Listed on the Indonesia Stock Exchange, 2021–2024

Evi Apriyani; Zulkarnain; Nofrianty

doi:10.0000/JMEBIS.v1.i3.a52

Authors

Evi Apriyani Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author
Zulkarnain Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author
Nofrianty Accounting Study Program, Faculty of Economics, University of Pasir Pengaraian, Indonesia Author

DOI:

https://doi.org/10.0000/JMEBIS.v1.i3.a52

Keywords:

audit committee, good corporate governance, internal control system, fraud prevention, banking

Abstract

This study aims to analyze the effect of the Audit Committee, Good Corporate Governance, and Internal Control System on Fraud Prevention in banking sub-sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The research employed a quantitative method with an associative approach. The population consisted of 14 banking companies, of which 12 companies met the sampling criteria selected through purposive sampling, yielding 48 firm-year observations. The study used secondary data obtained from the companies' annual reports and Good Corporate Governance implementation reports, analyzed using logistic regression. The results indicate that, partially, the Audit Committee has no significant effect on Fraud Prevention (significance = 0.139), Good Corporate Governance has a significant effect on Fraud Prevention (significance = 0.017), and the Internal Control System has no significant effect on Fraud Prevention (significance = 0.116). Simultaneously, the Audit Committee, Good Corporate Governance, and Internal Control System have a significant effect on Fraud Prevention, with an omnibus test significance value of 0.041, and a Nagelkerke R Square of 0.101, indicating the three variables jointly explain 10.1% of the variance in Fraud Prevention. These findings suggest that, in the banking sector, the consistent implementation of Good Corporate Governance principles plays a more decisive individual role in fraud prevention than the Audit Committee or Internal Control System alone, while all three mechanisms function as complementary layers within a broader governance system.

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