The importance of a good system of internal controls was recognized with the passage of
A) the Securities and Exchange Act of 1933.
B) the Securities and Exchange Act of 1994.
C) the Blue Sky Laws.
D) the Foreign Corrupt Practices Act of 1977.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act of 1977 emphasized the importance of internal controls by requiring companies to maintain accurate records and implement adequate internal accounting controls to prevent corruption and fraud.

The Importance of a Good System of Internal Controls Was