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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

CA Foundation Law - Indian Contract Act 1872 Video Lectures CA Foundation Law  Mercantile law-Indian Contract Act 1872   What is Mercantile Law?   Mercantile law means the laws which regulate trade and commerce. These laws are an integral part of social life.   Indian Mercantile Laws is an outcome of British law. It is further classified into contract act, sale goods act, and Indian partnership act   What is a Contract? ” The Indian Contract Act deals with the enforcement of rights and duties on the contracting parties. ”   Contract means an agreement between any two persons. The Indian Contract Act deals with the enforcement of rights and duties on the contracting parties.   Extent and Applicability-  Law related to contracts in India is contained in the Indian Contract Act 1872, which was passed by British India and is based on the Principles of English common law.   The contract requires the following points-   1.  Two Parties- There must be at least two parties to constitute a cont

Scope of CA in the Government Sector   Is it possible for Chartered Accountants to work for the government? Yeah, invariably, is the answer to the query. Chartered Accountants will work for the government and earn a decent salary. Audits are performed, finances and reporting are managed, and taxes, company recovery, and insolvency are all dealt with by government agencies. Although the rate of entrepreneurship is rising, CAs have the opportunity to jump on board and start their own company. CAs  are often requested by a variety of government agencies and departments, so they have a broad range of uses in the public sector. In a government organization, a CA's responsibilities are as follows: Professionals in Public Banks or Regional Rural Banks (RRB) Accountants in public organizations Treasury Manager in Regional Rural Banks (RRB) Chief Manager (Accounts and/or Finance Departments) Assistant Administrative Officer (CA)   1. Candidates interested in working for public sector Banks