Purpose: This study examines the influence of setting financial performance targets and the condition of a company's financial stability on financial statement fraud practices with the presence of an independent board of commissioners as a moderating variable. Research Methodology: The approach used in this study was quantitative. The sample used in this study consists of 33 companies listed in the consumer goods industry sector on the Indonesia Stock Exchange from 2018 to 2022, resulting in 165 observations. Research data were obtained from companies' financial statements and analyzed using panel data regression analysis techniques with the assistance of the Eviews program. Results: The results of this study indicate that (1) the establishment of financial performance targets does not influence the practice of financial statement fraud, and the high or low establishment of performance targets does not necessarily trigger the practice of financial statement fraud in companies; (2) financial stability conditions do not affect the practice of financial statement fraud; (3) the influence of establishing financial performance targets on the practice of financial statement fraud cannot be moderated by the role of the independent board of commissioners; and (4) the influence of financial stability conditions on the practice of financial statement fraud cannot be moderated by the role of the independent board of commissioners as a moderating variable.