278 Int. J. Accounting, Auditing and Performance Evaluation, Vol. 15, No. 3, 2019 Copyright © 2019 Inderscience Enterprises Ltd. Ethical values in auditing from Islamic perspective Hossein Sayyadi Tooranloo* and Pedram Azizi Department of Accounting, Vali-e-Asr University of Rafsanjan, Rafsanjan, Iran Email: h.sayyadi@vru.ac.ir Email: pedram8432@gmail.com *Corresponding author Abstract: This study aimed to derive the model of ethical values that concern auditing from the Islamic viewpoint using the interpretative structural modelling (ISM) approach. After reviewing the related literature and semi- structured interviews with auditing experts, 15 auditing-related ethical values from the Islamic perspective were identified. The ISM method was then used to determine the levels and priorities of identified values and their relationships with each other. Finally, a MICMAC diagram analysis was performed to determine the driving power and dependence power of the values. In the MICMAC analysis, the ethical value independence was found to have a strong driving power (15) and a weak dependence power (6), and thus recognised as the cornerstone of the audit profession. The value objectivity in investigation and avoiding preconception was found to have a weak driving power (6) and a strong dependence power (15), reflecting a strong dependence on its lower levels. Keywords: ethical values; audit; Islam; interpretative structural modelling; ISM. Reference to this paper should be made as follows: Sayyadi Tooranloo, H. and Azizi, P. (2019) ‘Ethical values in auditing from Islamic perspective’, Int. J. Accounting, Auditing and Performance Evaluation, Vol. 15, No. 3, pp.278–312. Biographical notes: Hossein Sayyadi Tooranloo is a faculty member of the Management Department at the Vali-e-Asr University of Rafsanjan, Rafsanjan, Iran. His research interests include auditing, accounting, management and finance. He has several publications in various scholarly and professional journals, including The International Journal of Ethics and Systems, International Journal of Procurement Management, International Journal of Mathematics in Operational Research, International Journal of Business Information Systems and International Journal of Agile Systems and Management. Pedram Azizi holds a Master Science in Accounting from the Vali-e-Asr University of Rafsanjan, Rafsanjan, Iran. He is a young scholar cooperating chiefly with Dr. Hossein Sayyadi Tooranloo in different research areas such as accounting and auditing. He has other publication in The International Journal of Ethics and Systems.