Why Ethics and Law are not the Same Things - CMA Foundation E thics provides us with guides on what is the right thing to do in all aspects of life, while the law generally provides more specific rules so that societies and their institutions can be maintained.- CMA Foundation Paper 3 - Fundamentals of Laws and Ethics. What is the definition of the law? The legislation specifies what we are not permitted to do and what we are required to do. This seems to be evolving as the legislation tends to impose broader responsibilities in areas such as company and corporate action, such as directors' obligations and well-being agreements for financial advice. Lawful responsibilities and ethical obligations, on the other hand, aren't always comparable. Even if something is legal, we can find it unsatisfactory. Also, we may think anything is right, but it may not be legal. Several companies are facing public backlash for failing to pay adequate expenditures in different wards. While this
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