Which of the following is not a main provision of the Foreign Corrupt Practices Act of 1977 (FCPA)?
A)No U.S.person or companies that have securities listed on U.S.markets may make a payment to a foreign official for the purpose of obtaining or retaining business.
B)Companies that have securities listed on U.S.markets must make and keep financial records that accurately and fairly reflect the transactions of the company.
C)Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country.
D)Certain payments made to an official to expedite the performance of the duties that the official would already be bound to perform are acceptable.

Question

Quizplus · Accepted Answer

The FCPA requires companies to maintain accurate books and records and to have a system of internal controls. However, it does not specify that designing and maintaining internal accounting controls is solely the role of internal auditors. This is a broader responsibility that involves management and can involve various departments within a company, not just internal auditors.

Which of the Following Is Not a Main Provision of the Foreign