US CMA Part 2 · Chapter 9 · Question 19 of 23
In addition to its anti-bribery rules, the US Foreign Corrupt Practices Act requires SEC-registered companies to:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Keep accurate books and records and maintain an adequate system of internal accounting controls
Explanation
The FCPA's accounting provisions require issuers to make and keep books and records that accurately and fairly reflect transactions and to devise and maintain a system of internal accounting controls. These provisions help prevent off-book accounts used to conceal bribes.
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