This study provides empirical evidence on the influence of governance, Hexagon Fraud   Theory on Fraudulent Financial Statement. This study also provides empirical evidence whether Hexagon Fraud   Theory moderates the influence of Governance on Fraudulent Financial Statement. This study includes 416 years of data from 7 years of observation. The data was obtained using purposive sampling technique. The data was processed using multiple linear regression analysis to see the effect of Hexagon Fraud Theory, Governance on Fraudulent Financial Statements. This study found that the influence of Governance and Hexagon Fraud Statement proved significant, while the influence of political connections on Fraudulent Financial Statement proved insignificant. The moderation of Governance over the influence of Hexagon Fraud Theory on Fraudulent Financial Statement proved significant. Governance moderation on the influence of Capability variable with CEO education proxy on Fraudulent Financial Statement proved significant, Governance moderation on the influence of Opportunity variable with Ineffective Monitoring proxy and audit quality on Fraudulent Financial Statements proved significant, Governance moderation on the effect of Rationalization    on Fraudulent Financial Statements proved significant, Governance moderation on the influence of Collusion variable with political connections proxy to Fraudulent Financial Statements did not prove significant, moderation of Governance over the influence of ego variable with CEO Picture proxy proved significant, while moderation of Governance over the influence of stimulus variables with ACHANGE proxy and ROA on Fraudulent Financial Statements proved significant and LEV proxy proved insignificant to Fraudulent Financial Statements. Further research can be conducted to investigate the impact of the pandemic on Fraudulent Financial Statement in relation to the variables used in this study, as there are several phenomena that occur with the pandemic.