NAME

Question Types


Start With


Question Limit

of 45 available terms

Advertisement Upgrade to remove ads

5 Written Questions

5 Matching Questions

  1. true
  2. Disclosure, Prohibition
  3. Mitigating
  4. Volcker
  5. Grease payment
  1. a Factors that can decrease the culpability score are called _______ factors
  2. b Facilitating payments to foreign officials in order to expedite or secure the performance of a routine governmental action is know as a _________.
  3. c The two distinct areas the FCPA focuses on is ____ and _____.
  4. d The _____ Rule: Proposed by former Federal Reserve Chairman Paul _____, this rule limits the ability of banks to trade on their own accounts (i.e., invest their own money) in any way that might threaten the financial stability of the institution (and by definition, the financial markets as a whole).
  5. e The 5 key pieced of legislation designed to discourage, if not prevent, illegal conduct within organizations are:
    - The Foreign Corrupt Practices Act (1977)
    - The US Federal Sentencing Guidelines for Organizations (1991)
    - The Sarbanes Oxley Act (2002)
    - The Revised Federal Sentencing Guidelines for Organizations (2004)
    - The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) (true/false)

5 Multiple Choice Questions

  1. All of the following are covered under Title II: Auditor Independance, except:
    a) Prohibits specific "nonaudit" services of public accounting firms as violation of auditor independence.
    b) requires the external auditor to report to the client's audit committee on specific topics.
    c) Requires auditors to disclose all other written communications between management and themselves.
    d) requires audit committees to be independent and undertake specified oversight responsibilities.
  2. The ______contains six principles that "were intended to promote sound management practices, to ensure that companies were in compliance with complex regulations, and to restore public confidence in the defense industry."
  3. Led by the Treasury secretaery and a team of senior financial regulators, the ______ ______ ______ Council is empowered to act if a bank with more than $50. billion in assets poses a grave threat to the financial stability of the US. As a promised fix for "too big to fail", the FSOC has the power to intervene in any apect of the bank's management up to and including the termination of business practices.
  4. (CFPB) The ____ ____ _____ ___ was signed as an independent run entity in the Federal Reserve, the CFPB promises to act upon any perceived misconduct by financial intitutions in the treatment of their customers.
  5. (FCPA) Any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business.

5 True/False Questions

  1. Culpability Score(FSGO) The calculation of a degree of blame or guilt that is used as a multiplier of up to 4 times the base fine. The culpability score can be adusted according to aggravating or mitigating factors.

          

  2. TrueAll of the following are covered under Title II: Auditor Independance, except:
    a) Prohibits specific "nonaudit" services of public accounting firms as violation of auditor independence.
    b) requires the external auditor to report to the client's audit committee on specific topics.
    c) Requires auditors to disclose all other written communications between management and themselves.
    d) requires audit committees to be independent and undertake specified oversight responsibilities.

          

  3. The Death PenaltyThe so-called _____ _____ is where the fine is set high enough to match all the organizations assets - and basically put the organization out of business. This is warranted where the organization was operating primarily for a criminal purpose.

          

  4. US Federal Sentencing CommisionEstablished in 1994 by the Comprehensive Crime Control Act, charged with developing uniform sentencing guidelines for offenders convicted of federal crimes.

          

  5. Federal Sentencing guidelines for organizationsEstablished in 1994 by the Comprehensive Crime Control Act, charged with developing uniform sentencing guidelines for offenders convicted of federal crimes.

          

Create Set