According to IFAC code, the characteristics which distinguish a profession refer to:
- the members' obligation to the profession and society can sometimes be in conflict with their personal interest or duty of loyalty and confidentiality towards their employers;
- adaptation by the members to a common code of values and behavior, determined by the professional body and that includes maintaining an image essentially objective;
- mastery of intellectual skills acquired through training and vocational education;
- the acceptance of duties existence towards society; So, we can say that it is the duty of each member organizations to establish ethical requirements of the profession of an economist to ensure the highest quality in the provision of skills and to maintain public confidence in the profession.