<p><em>This research aims to detect fraud in financial statements based on financial shenanigans. Financial shenanigans is used by management to misleading stakeholders about the financial performance or economic health of the company. This study used seven techniques of financial shenanigans in detecting fraud in financial statements by recording revenue too soon, recording bogus revenue, boosting income with one-time gains, shifting current expenses to a later or earlier period, failing to record or improperly reducing liabilities, shifting current revenue to a later period, shifting future expenses to the current period as a special charge. The results of this research show that the companies conduct fraud by using financial shenanings no 2 and 3.</em></p>