What Does the Foreign Corrupt Practices Act Have to Do

question 24

Multiple Choice

What does the Foreign Corrupt Practices Act have to do with accounting?

• A) It requires that U.S. companies properly record bribes made to obtain business from foreign clients.
• B) It requires that appropriate internal control systems be maintained by publicly traded U.S. companies.
• C) It mandates the use of the temporal method of translating assets obtained illegally in foreign countries.
• D) It demands that publicly traded U.S. companies follow international best-practices when auditing illegal operations abroad.

---

Definitions:

Prismatic Multicolored Background

A background featuring a spectrum of colors arranged or divided in a manner resembling a prism, typically used in designs to create a vibrant and dynamic appearance.

Thermochromic Heat-Sensitive Icon

A graphical symbol that changes color in response to changes in temperature, often used to indicate temperature fluctuations visually.

Approval Time

The period taken to review, process, and respond to a request, application, or submission, culminating in either approval or denial.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.