Islamic ethical attitudes and corporate crime : evidenced from accounting profession / Sazilah Mohd Saad and Roshima Said

The risks associated with corporate crime threaten to undermine the stability
of the international financial systems. Various measures have been taken
to deter these crimes at various levels with continuous commitments and
efforts to reinforce good governance among public listed companies.
Despite the prestigious recognitions given to Malaysian companies, the data
related to corporate crime has seemed unsupportive, showing the increasing
pattern of corporate crime each year. The recent years have seen the
re-emergence of questioning of the ethical attitudes of those employed
within the organizations. Thus, this study attempts to fill the gaps by examining
the effects of Islamic Ethical Attitudes to Corporate Crimes among
registered accountants in the Malaysian Institute of Accountants. In light of
the Islamic governance in the Malaysians companies these days, Islamic
ethical attitudes should be the best measures to be considered in deterring
the escalating corporate crime incidences over the years. The findings of the
study provide evidence from questionnaire that majority of the account
professionals perceived to have high Islamic ethical attitudes and moderately
accept a corporate crime intention. The implication of this study is to
provide policy makers to instill value of Islamic ethical attitudes into code
of ethics of account professionals indirectly in order to prevent corporate
crime.