Maintaining a set of accounting records is
A)optional.
B)required by the Internal Revenue Service.
C)required by the Foreign Corrupt Practices Act.
D)required by the Internal Revenue Service and the Foreign Corrupt Practices Act.

Question

Quizplus · Accepted Answer

Maintaining a set of accounting records is required by both the Internal Revenue Service for tax purposes and the Foreign Corrupt Practices Act for anti-bribery and anti-corruption purposes. It is not optional and is not solely required by either one of these regulations.

Maintaining a Set of Accounting Records Is