Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

تمرين 18

Which of the following is a provision of the Foreign Corrupt Practices Act?
A) It is a criminal offense for an auditor to fail to detect and report a bribe paid by an American business entity to a foreign official for the purpose of obtaining business.
B) The auditor's detection of illegal acts committed by officials of the auditor's publicly held client in conjunction with foreign officials should be reported to the Enforcement Division of the Securities and Exchange Commission.
C) If the auditor of a publicly held company concludes that the effects on the financial statements of a bribe given to a foreign official are not reasonably estimated, the auditor's report should be modified.
D) Every publicly held company must devise, document, and maintain a system of internal accounting controls sufficient to provide reasonable assurance that internal control objectives are met.