Laws are a set of rules and principles created by a government that regulates the behavior and actions of the community. Ethics are those moral principles that govern a person’s behavior. It is concerned with what is good for a society and an individual in terms of rights and obligations. In the paper, you will be concerned with business ethics, i.e., ethics as applied to business situations such as corporate governance, bribery, etc. As a CMA, you would need to understand the laws and environment under which businesses operate in India. Due to the professional nature of the job, you will be responsible to many important stakeholders including the government. As such, you need to conduct yourself with a high degree of professionalism and with the utmost integrity. The paper builds on the concepts you learned at the Foundation level. You will understand, to a greater depth, various business laws, with special emphasis on online contracts, etc. You will also get a better grounding in ethical principles.
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