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5 Written questions

4 Matching questions

  1. d)
  2. True
  3. Disclosure
  4. Compliance Program
  1. a Under FCPA, payments lawful under foreign laws are legal. (true/false)
  2. b Under which areas does the FCPA require corporations to fully disclose any and all transactions conducted with foreign officials and politicians, in line with the SEC provisions?
  3. c The best way to minimuze your culpability score is to make sure you have some form of program in place that can effectively detect and prevent violations of law - such as a _______ _______.
  4. d 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.

5 Multiple choice questions

  1. The introduction of the ______ placed more effective controls over bribing practices and less obvious forms of payment to foreign officials and politicians by American publicly traded companies pursuing internantonal growth.
  2. The three steps in calculating financial penalties under FSGO are: Determination of the _____ _____, the ______ _____, and determination of the _____ _____.
  3. 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."
  4. What is the maximum fine under FSGO
  5. (FCPA) The FCPA inclusion of wording from the Bank Secrecy Act and the Mail Fraud Act to prevent the movement of funds overseas for the express purpose of conducting a fradulent scheme.

5 True/False questions

  1. TrueThe SBDC strictly enforces the FCPA. (true/false)


  2. TrueThe SBDC strictly enforces the FCPA. (true/false)


  3. Routine Governmental Action(FCPA) Any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business.


  4. Title IIIWhich title required CEOs and CFOs to certify quarterly and annual reports to the SEC?


  5. Facilitation paymentsPayments that are accceptable (legal) provided they expedite secure the performance of a routine governmental action refers to ______.


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