The "Books and Records" Provisions of the Foreign Corrupt Practices

question 8

Multiple Choice

The "books and records" provisions of the Foreign Corrupt Practices Act:

• A) Potentially imposes criminal liability on internal auditors who fail to detect bribery or corruption in a firm's record-keeping system
• B) Potentially imposes criminal liability on external auditors who fail to detect bribery or corruption in a firm's record-keeping system
• C) Requires publicly-held companies to devise and maintain adequate internal controls over payments that constitute bribes
• D) Requires companies to document the amounts, purpose, and recipients of facilitation payments to ensure that their federal income tax reporting is accurate

---

Definitions:

Relational Proposition

A statement that establishes a relationship between two or more concepts, often used to understand how individuals perceive relationships in the world.

Asch's Studies

A series of experiments that demonstrated the power of conformity in groups, where individuals often agreed with an incorrect answer to match the majority's view.

Conformity

The act of aligning one's attitudes, beliefs, or behaviors to group norms or expectations.

Minority Of One

A situation where a single individual's opinion, behavior, or belief stands in opposition to that of the larger group.