The provision of the Foreign Corrupt Practices Act that require implementing an internal control system apply to:
A)All U.S.corporations.
B)All U.S.corporations that engage in foreign operations.
C)All corporations under the jurisdiction of the SEC.
D)All U.S.partnerships and corporations.

Question

The provision of the Foreign Corrupt Practices Act that require implementing an internal control system apply to: 
A)All U.S.corporations.
B)All U.S.corporations that engage in foreign operations.
C)All corporations under the jurisdiction of the SEC.
D)All U.S.partnerships and corporations.

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) requires companies under the jurisdiction of the Securities and Exchange Commission (SEC) to maintain an adequate system of internal accounting controls. This applies to all corporations (including foreign corporations) that are listed on U.S. stock exchanges or otherwise required to report to the SEC, not just U.S. corporations or those with foreign operations.

The Provision of the Foreign Corrupt Practices Act That Require