Professional ethics of accountants based on the Qur’an: Is it still relevant?

Authors

  • Huda Trihatmoko Perbanas Institute, South Jakarta, DKI Jakarta, Indonesia
  • Tyasha Ayu Melynda Sari Universitas Muhammadiyah Surabaya, Surabaya, East Java, Indonesia
  • Muhammad Raihan Mubaraq Universitas Mataram, Mataram, West Nusa Tenggara, Indonesia

DOI:

https://doi.org/10.14414/tiar.v14i2.4214

Keywords:

Accounting profession, Code of ethics, Islamic ethics

Abstract

This study aims to contribute to the ethics of accountants in accordance with the values in the Qur’an. The accounting profession faces many ethical challenges, especially in terms of behavior. Ethical issues in business and professions, including accounting, continue to occur from time to time, both in Indonesia and in other countries. Indonesia, which is predominantly Muslim, is also not free from ethical violations in the accounting profession. This phenomenon raises discussions about how an accountant should behave. The research method used in this study is a literature review which is carried out by collecting, evaluating, and synthesizing various literatures relevant to the topic being studied. The analysis is carried out using an Islamic ethical theory approach based on the Qur’an and Hadith, where the findings from the literature are compared and evaluated based on Islamic ethical principles. The Indonesian Institute of Accountants (IAI) has formulated a code of ethics for the accounting profession which contains various rules regarding the behavior of accountants. All accountants must comply with the code of ethics. However, because the code of ethics does not have strict sanctions when a violation occurs, its application depends more on the personal awareness of the accountant. When someone who is pursuing a profession only relies on self-awareness, he must pay attention to his conscience. This study attempts to provide an offer on how the Qur’an uses conscience to regulate ethics that can be used in the Indonesian accounting profession.

Author Biographies

Huda Trihatmoko, Perbanas Institute, South Jakarta, DKI Jakarta, Indonesia

Huda Trihatmoko is a lecturer in the Faculty of Economics and Business, Perbanas Institute, Jakarta, Indonesia. He earned his bachelor's degree in accounting (2018) from Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya and his master's degree in accounting (2020) from Universitas Airlangga, Surabaya. His current research primarily focuses on tax accounting, financial accounting, management accounting, and behavioral accounting. He has published academic articles in several journals, including the Dinasti International Journal of Economics, Finance & Accounting, Assets: Jurnal Akuntansi dan Pendidikan, Jurnal Ekonomi Bisnis dan Kewirausahaan, E-Jurnal Akuntansi, and Keberlanjutan: Jurnal Manajemen dan Jurnal  Akuntansi. Author contact details: Faculty of Economics and Business; Perbanas Institute; Jl. Perbanas, Karet Kuningan, Setiabudi, Jakarta, Indonesia; huda.trihatmoko@perbanas.id

Tyasha Ayu Melynda Sari, Universitas Muhammadiyah Surabaya, Surabaya, East Java, Indonesia

Tyasha Ayu Melynda Sari, SE., MA Born in Sidoarjo, East Java and took a Bachelor's degree in Accounting at the Indonesian College of Economics Surabaya (STIESIA), Master of Accounting at Airlangga University. Currently the author is a permanent lecturer at FEB UMSurabaya. The fields of science studies are Management Accounting, Cost Accounting, Business Feasibility Studies, Insurance Accounting, Pawnshops, and Islamic Boarding Schools. Some of the works he has written are: Tourism industry bankruptcy analysis of impact COVID-19 pandemic, Financial Resources And Corporate Performance, Pemberdayaan Masyarakat Guna Menambah Nilai Ekonomi Warga Desa Pernajuh Bangkalan, Beburughen Becce’dalam Saloka Madura Sebagai Nasehat bagi Auditor, Characteristic Board Of Directors And Investment Opportunity Set On Firm Value, Tantangan Pemulihan Ekonomi, Bisnis, dan Keuangan Era Next Normal, Bahan ajar yaitu Buku Ajar Akuntansi Manajemen: Teori dan Praktik.

Muhammad Raihan Mubaraq, Universitas Mataram, Mataram, West Nusa Tenggara, Indonesia

Muhammad Raihan Mubaraq is a lecturer in the Faculty of Economics and Business at the Universitas Mataram, Mataram, Indonesia. He earned a bachelor of economics (2017) in Accounting from Universitas Mataram and his master of accounting from Universitas Airlangga.  His current research mainly focuses on financial accounting, management accounting, investment, and behavior accounting. He has published academic articles in the Journal Iqtishaduna, Journal Zentrum Economic Business Management Accounting Research, Journal Riset Ekonomi Akuntansi dan Perpajakan, Jurnal Ekonomi Bisnis dan Kewirausahaan, E-Jurnal Akuntansi, and Journal Keberlanjutan: Jurnal Manajemen dan Jurnal Akuntansi. Author’s contact detail: Faculty of Economics and Business; Universitas Mataram; Jl. Majapahit 62, Mataram, West Nusa Tenggara, Indonesia; mraihanmubaraq@gmail.com.

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Submitted

2023-10-13

Published

2025-08-08

Issue

Vol. 14 No. 2 (2024): July - December 2024

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Articles

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