UNS — Vice-Rector for Management and Human Resources Affairs (Vice-Rector 2) Universitas Sebelas Maret (UNS) Surakarta, Prof. Dr. Bandi, MSi., Ak., CA, CT, CPA received Professor title on Tuesday (9/3/2021). Together with the other five professors, Prof. Jamal inaugurated six UNS professors in an offline and online ceremony in UNS G.P.H. Haryo Mataram Auditorium. Besides Prof. Bandi, the other professors are Prof. Dr. Izza Mafruhah, S.E., M.Si, Prof. Dr. Joko Triyono, S.T., M.T, Prof. Dr. Ir. Sudadi, M.P., Dr. Ir. Endang Yuniastuti, M.Si, and Prof. Dr. Ir. Supriyadi, M.S.
Prof. Bandi received Professor in Accounting after completing his research titled “Honesty in Financial Reporting to Improve Financial Report User’s Trusts”. Through his inauguration speech delivered in an open Senate session, Prof. Bandi stated that financial report presentation should meet the honesty characteristics. This characteristic is expected to prevent earning management fraud and to prevent managerial fraud in a firm.
“Financial report should fulfill qualitative characteristic to be beneficial for financial report’s users. One of the characteristics of “honest” in financial report presentation (reliable, faithful representation). The financial accounting standard encourages honest presentation in a financial report by establishing the standard on disclosure. The disclosure from financial report maker is expected to prevent earning management which in turn will prevent managerial fraud in a firm,” Prof. Bandi explained.
Prof. Bandi’s research consists of several vital points, including financial accounting standard that regulates the qualitative characteristics of a financial report which consist of honesty in the financial report, earning management, fraud in the financial statement as a result of dishonesty in preparing the report, and the regulatory efforts to prevent dishonesty in financial reporting.
Prof. Bandi’s research concluded that the honesty aspect becomes an essential requirement in financial reporting standards or disclosure. He stated that disclosure would explain the economic impact of the accounting method’s changes in preparing the financial report. This process will reduce earning management which in turn will avoid fraud in reporting. Besides that, honesty in financial reporting will improve financial report users’ trust toward the report.
Concluding his speech, Prof. Bandi invited all guests to maintain honesty in financial reporting. “Firm’s managers as an agent should maintain their honesty in preparing a financial report to prevent earning management, and in turn avoiding fraud in financial reporting,” Prof. Bandi stated. Humas UNS
Reporter: Alinda Hardiantoro
Editor: Dwi Hastuti
