International Journal of Economics and Finance; Vol. 11, No.5; 2019 ISSN 1916-971XE-ISSN 1916-9728 Published by Canadian Center of Science and Education 139 The Role of Financial Hedging in Preventing Economic Corruption Penetration: A Field Study Khaled Abdalla Moh'd AL-Tamimi 1 , Samer Fakhri Obeidat 2 , Mohammad Sulieman Jaradat 3 & Ashraf Mahammad Al-Rjoub 4 1 Associate Professor in Economics, Department of Administrative and Financial Sciences, Irbid University College, Al-Balqa' Applied University, Jordan 2 Instructor in Finance and Management, Department of Administrative and Financial Sciences, Irbid University College, Al-Balqa' Applied University, Jordan 3 Associate Professor in Economics, Department of Banking and Financial Sciences, Ajloun National University, Jordan 4 Associate Professor in Financial Accounting, Department of Administrative and Financial Sciences, Irbid University College, Al-Balqa' Applied University, Jordan Correspondence: Khaled Abdalla Moh'd AL-Tamimi, Associate Professor in Economics, Department of Administrative and Financial Sciences, Irbid University College, Al-Balqa' Applied University, Jordan. E-mail: khaled_tamimi@yahoo.com Received: April 7, 2019 Accepted: April 22, 2019 Online Published: April 25, 2019 doi:10.5539/ijef.v11n5p139 URL: https://doi.org/10.5539/ijef.v11n5p139 Abstract The Study aimed at identifying the extent of accounts auditors contribution and their role in financial hedging to prevent economic corruption of public held companies. Results showed a great contribution of accounts auditor in preventing economic corruption in Jordanian publicly held composes. Results also showed a great contribution of internal auditor at Jordanian public held companies in his role in preventing economic corruption in accordance with financial and professional criteria requirements. Keywords: financial hedging, economic corruption, public held company, internal auditor 1. Introduction Corruption and its confrontation, in recent times acquired the interest of countries all over the world as well as that of international committees, governmental and nongovernmental organizations, and this interest stemmed out of its negative reflections on economic activity and society as a wholes, given that corruption is one of the age lesion that is not confined to one culture or country, since it can be found in developing and developed country as well, it is also found in both public and private sectors and at all society classes, however its biggest possible effect is found in developing countries that make its best efforts to improve its economic and social status and defeating their poverty and unemployment problem (Abu-Hmoudh, 2002). Recognizing the negative relationship between corruption various aspects and both economic and social development, Jordan adopted a national strategy which the top proprieties was to fight various aspects of corruption, also in a letter addressed from his Majesty king Abdullah II to prime minister on establishing a committee for the execution of a general strategy to fight corruption which stated we are looking forward to a committee that is in charge of following anyone looking for corruption and spoilage or slipping in its routes, as we are looking to make efforts aiming at drying corruption places, closing its windows, making people aware of its dangerous negative effects on economic, social and political development and on Jordan credibility among international investors and institutions (Royal Letter, 2005). Some international aid agencies in several African countries mentioned the payment of big amounts of money for their government as bribes for the delivery of humanitarian aid for poor people. Also, in a study of the international bank on 3600 companies in 60 countries, the bank considered corruption as the first obstacle facing investment in both Africa and Latin America, while corruption was the second obstacle in Middle east and north Africa, but it was the third in east Asia and previous soviet union countries, while it came faith in industrial countries (Al-Munief, 2015). In short, competition became one of the biggest global problems, which can be considered, by consensus of international of global committees, as the