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 II
C) I and III
D) I, II, and III

Question

Quizplus · Accepted Answer

The FCPA requires publicly held companies to maintain an adequate system of internal control (I) and prohibits individuals associated with U.S. companies from bribing foreign officials for the purpose of securing a contract (II). However, compensating or agents' fees are not disallowed under all circumstances (III).

Which of the Following Is True About the Foreign Corrupt