Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 20, Problem 20.25MCQ
To determine

Introduction:

Foreign Corrupt Practices Act has been enacted to enforce compliance of ant-bribery provisions and accounting provisions on companies traded in United States exchange markets and provide for criminal and civil liability in case of non-compliance.

The accounting provisions under the Act requires companies to maintain an efficient internal control environment which is designed to provide sufficient level of assurance regarding the compliance of provisions of the ‘Act’.

To select: The correct option.

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