The chairman of the audit committee of the board of directors of your company says to you,
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The chairman of the audit committee of the board of directors of your company says to you, "The U.S. Foreign Corrupt Practices Act of 1977 is causing me much concern. Its provisions are not precise. It does not provide standards of what good internal accounting control should be^ yet we shall be held to compliance with the provisions of the Act. What do you recommend we do to avoid being penalized for noncompliance? " How would you respond?
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