Ethics is a study about morals. Every profession has its own set of morals that must be adhered to. This is to ensure that all professionals offer the best services.
A finance code of ethics informs professionals about rules and operating procedures that they must follow to comply with industry standards, corporate policies and government requirements. Ethics rules vary depending on role, industry, company size and transaction. Some professionals (such as public accountants) must meet annual minimum ethical requirements to maintain active licenses.