Question
According to the Foreign Corrupt Practices Act, which is statement is INCORRECT? Group of answer choices Because Puerto Rico is not a voting territory of
According to the Foreign Corrupt Practices Act, which is statement is INCORRECT?
Group of answer choices
Because Puerto Rico is not a voting territory of the United States, the FCPA is not recognized as a legal and binding law.
As of 1998, the FCPA law can also be applied to foreign firms and people who make "corrupt payments" within the territory of the United States.
Corporations are required to make and keep books and records that accurately reflect the transactions of the corportion and maintain a proper accounting control system.
The FCPA was enacted to prevent people and companies from bribing foreign government officials in obtaining or retaining business.
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