Which of the following is true about the Foreign Corrupt Practices Act of 1977 (FCPA)?
I.Publicly held companies should maintain an adequate system of internal control.
II.Individuals associated with U.S.companies are prohibited from bribing foreign officials for the purpose of securing a contract.
III.Compensating or agents' fees are disallowed under all circumstances.
A)I and II
B)II and III
C)I and III
D)I,II,and III

Question

Quizplus · Accepted Answer

The FCPA requires publicly held companies to maintain adequate internal control systems and prohibits individuals associated with U.S. companies from bribing foreign officials to secure contracts. However, the FCPA does not disallow all compensating or agent fees, as long as they are reasonable and reflect the services provided.

Which of the Following Is True About the Foreign Corrupt