This look intends to capture signs of manipulation of financial statements or fraudulent financial statements by entities upon conducting an IPO on the Indonesian Stock Exchange (IDX) for the 2017 - 2019 period through the Beneish Ratio Index. This sort of look is quantitative. The population of this take a look at is the financial statements of companies listed at the IDX for the period 2017 - 2019. The observed sample consists of the financial statements of companies that carry out initial public offerings (IPOs) at the IDX for the period 2017 - 2019. Sampling is performed with the aid of purposive sampling. Facts series became accomplished on August 16, 2020. Data evaluation was carried out by analyzing the beneish ratio, then making use of the Beneish M-Score arithmetic index to find out the monetary statements that describe signs of fraud. This look uses secondary information from the IDX website, namely the financial statements of organizations listed at the IDX. The effect of the have a look at the show that 61% of the company's financial statements are classified as manipulators or there are indicators of fraudulent financial statements and 39% of financial statements are not labeled as manipulators or non-fraud.

Keywords : Fraudulent Financial Statements, Beneish Ratio Index, Beneish M-Score, Initial Public Offering, Manipulator, Non Manipulator