What does the Foreign Corrupt Practices Act have to do with accounting?
A. It requires that S. companies properly record bribes made to obtain business from foreign clients.
B. It requires that appropriate internal control systems be maintained by publicly traded S. companies.
C. It mandates the use of the temporal method of translating assets obtained illegally in foreign countries.
D. It demands that publicly traded S. companies follow international best-practices when auditing illegal operations abroad.
Answer:B
What does the Foreign Corrupt Practices Act have to do with accounting?
A. It requires that S. companies properly record bribes made to obtain business from foreign clients. B. It requires that appropriate internal control systems be maintained by publicly traded S. companies. C. It mandates the use of the temporal method of translating assets obtained illegally in foreign countries. D. It demands that publicly traded S. companies follow international best-practices when auditing illegal operations abroad.