What Should an Auditor Do When Becoming Aware of Violations

question 23

Multiple Choice

What should an auditor do when becoming aware of violations of the FCPA?

• A)Contact foreign officials in the country where the client has business operations.
• B)Notify the audit committee about the violations,their circumstance,and the effect on the financial statements.
• C)Contact the U.S.marshals.
• D)Design internal controls to deter improper payments.

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Definitions:

Social Entrepreneurship

A practice where individuals or organizations use entrepreneurial principles to organize, create, and manage a venture to achieve social change or address social needs.

Leadership Theories

Various concepts and models that explain the factors determining effective leadership, the behaviors of leaders, and how leaders motivate and influence others.

Disruptive Strategies

Business tactics that radically change the competitive landscape or market conditions, often through innovation or new approaches.

Social Entrepreneurship

Entrepreneurial efforts focused on solving social problems or effecting social change through innovative solutions.