International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Accounting Profession between Religious and Professional Ethical Codes
Yousef Saadeh, Ahnaf Alsmady, Lina H. Warrad, Dr. Mohammed Idris, Mohammad Raiser Elrajabi

Many agree on the importance of adopting ethics to improve the lives of communities and institutions. Given the increase in fraud cases globally despite the introduction of professional codes of conduct, this study explored whether there is room for an alternative approach to solving the problem of fraud. To this end, the study compares the ethical codes derived from religion and established global codes to determine which is most effective in addressing the problem of fraud in the auditing profession. Using a qualitative approach that examined published literate, the authors compared the International Accounting Standards (IAS) and US auditing standards with Islamic ethics and concluded that the former two do not mitigate fraud in auditing. Furthermore, the study found that adopting Islamic ethics could be a good governance mechanism to eliminate fraud.

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