The greatest impact of the Foreign Corrupt Practices Act on the accounting system is that it:
A) requires documentation of the adequacy of internal accounting controls
B) forbids bribery
C) specifies how to account for transactions with foreign countries
D) prohibits unethical practices by foreign investors

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) requires companies to maintain accurate books and records and to have a system of internal accounting controls to prevent bribery and corruption.

The Greatest Impact of the Foreign Corrupt Practices Act on the Accounting