The Foreign Corrupt Practices Act (FCPA) of 1977

question 86

Multiple Choice

The Foreign Corrupt Practices Act (FCPA) of 1977

• A) requires auditors to review and evaluate systems of internal control as a part of an audit.
• B) requires SEC registrants to maintain a reasonably complete and accurate set of records and an adequate system of internal control.
• C) requires auditors to review client's internal control system in a manner which is thorough enough to judge whether client meets the requirements of the FCPA.
• D) requires auditors to file a report with the SEC if client's internal control system is inadequate.

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Definitions:

Opposition

The act of resisting or combatting an idea, entity, or policy, often in a political or social context.

Inaccurate Assertions

Statements or claims that are not based on facts or truth, often leading to misunderstandings or misinformation.

Innuendo

An indirect or subtle, usually derogatory implication in expression; an insinuation.

Comparison Group

In research, a group of subjects used as a benchmark to measure the effects or outcomes of a specific variable or intervention in another group.