In Regards to the Foreign Corrupt Practices Act (FCPA), External

question 49

Multiple Choice

In regards to the Foreign Corrupt Practices Act (FCPA) , external auditors

• A) Are responsible for ensuring that sufficient internal controls are maintained.
• B) Should immediately report any discovered violation of the FCPA to the client's management.
• C) Should verify compliance with corporate codes of conduct.
• D) Are not subject to any penalties.

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Definitions:

U.S. Supreme Court

The U.S. Supreme Court is the highest court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Governing International

Pertains to principles, conventions, and norms that regulate the behavior and interactions of nations on the global stage.

Executive Act

Actions taken by an executive branch of government, including decisions, policies, rules, or laws implemented by executive authority.

Legislative Act

A law or statute enacted by a legislative body.