The FCPA requires all companies to create internal accounting controls that will provide reasonable assurances that company transactions are authorized and that company assets are traceable.

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This statement is true. The Foreign Corrupt Practices Act (FCPA) requires all companies to create internal accounting controls that provide reasonable assurances that company transactions are authorized and that company assets are traceable. These controls are intended to prevent bribery and corruption and promote transparency in business practices.

The FCPA Requires All Companies to Create Internal Accounting Controls