Which of the following best describes the government act that requires all publicly held companies to keep accurate records and maintain internal control systems in order to safeguard assets?:
A) Gramm-Leach-Bliley Act of 1999
B) 1977 Foreign Current Practices Act
C) Securities and Exchange Act of 1934
D) Telecommunications Act of 1996

Question

Quizplus · Accepted Answer

The 1977 Foreign Corrupt Practices Act (FCPA) is the legislation that requires publicly held companies to maintain accurate records and establish internal controls to safeguard assets, primarily to prevent bribery of foreign officials and to address accounting transparency requirements.

Which of the Following Best Describes the Government Act That