Which of the following acts requires all companies to set up a system of internal controls to provide reasonable assurance that the company's records accurately and fairly reflect its transactions?
A)The Foreign Corrupt Practices Act of 1977
B)The Private Securities Litigation Reform Act of 1995
C)The Market Reform Act of 1990
D)The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act of 1977 requires companies to maintain accurate books and records and to have a system of internal controls sufficient to provide reasonable assurance that transactions are executed and assets are accounted for in accordance with management's authorization.

Which of the Following Acts Requires All Companies to Set