AGENCY THEORY: CODE OF ETHICS FOR THE ACCOUNTING PROFESSION FROM AN ISLAMIC PERSPECTIVE

Abstract

The ethics of the accounting profession is the basis for accounting professionals in taking action so that agency conflicts can be avoided. The ethical principles of the accounting profession focus on five aspects; integrity, objectivity, professional competence and due care, confidentiality, and professional behavior. However, ethical standards are very dependent on the ethical values ​​of the people in each region so that cultural, religious, and socio-economic aspects make the universality of ethical principles difficult to achieve. Religious values, especially Islam, which is the religion of the majority of the population in Indonesia, become one of the accountants' considerations in conducting ethical assessments. Professional Accounting Ethics in an Islamic perspective can direct an accountant to be responsible for his duties without forgetting the element of God. Therefore, based on ethical problems that often occur among accountants, this literature review aims to understand Islamic ethics in producing future ethical accountants.