While the Foreign Corrupt Practices Act of 1977 remains in effect, its internal control provisions have been largely superseded by which of the following?

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 (SOX) largely superseded the internal control provisions of the Foreign Corrupt Practices Act of 1977 (FCPA) by requiring companies to establish and maintain adequate internal controls over financial reporting. SOX also established stricter requirements for whistleblower protections and increased the penalties for securities fraud. The Racketeer Influenced and Corrupt Organization Act, Federal False Statements Statute, and Federal Mail Fraud Statute are not directly related to the internal control provisions of the FCPA or SOX.

While the Foreign Corrupt Practices Act of 1977 Remains in Effect