Both the FCPA (Foreign Corrupt Practices Act of 1977)and SOX

question 17

Essay

Both the FCPA (Foreign Corrupt Practices Act of 1977)and SOX (Sarbanes-Oxley Act of 2002)contain provisions related to Internal Control.Discuss some significant differences between how the two acts impact internal control practices for publicly held companies.

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Definitions:

DSM-IV-TR

The American Psychiatric Association’s Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, updated as a 2000 “text revision”; a widely used system for classifying psychological disorders.

Medical Model

A framework in which psychological disorders are treated as medical diseases, emphasizing diagnosis, treatment, and cure.

Learning Perspective

A psychological viewpoint that emphasizes the effects of experience on behavior.

Medical Model

A framework for understanding illnesses and disorders as being caused by biological factors and treatable through medical intervention.