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Can you give me an overview of (1) the Sarbanes Oxley Act (SOX) 2002 and (2) the Foreign Corrupt Practices (FCP) Act 1977? Two objectives

Can you give me an overview of (1) the Sarbanes Oxley Act (SOX) 2002 and (2) the Foreign Corrupt Practices (FCP) Act 1977?

  • Two objectives for the passage, and
  • In your opinion is the Act effective in addressing the violations. Please provide a brief example or scenario to support your major accounting or financial resource opinion.

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