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5 Written questions

5 Matching questions

  1. Facilitation payments
  2. d)
  3. Prohibition
  4. True
  5. Disclosure
  1. a 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?
  2. b Payments that are accceptable (legal) provided they expedite secure the performance of a routine governmental action refers to ______.
  3. c The primary purpose of the FCPA was to control bribery and other less obvious forms of payment to foreign officials and politicians by American publicly traded companies as they pursued internantional growth. (True/false)
  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. e (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 Multiple choice questions

  1. (FCPA) Any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business.
  2. The three steps in calculating financial penalties under FSGO are: Determination of the _____ _____, the ______ _____, and determination of the _____ _____.
  3. What is the maximum fine under FSGO
  4. Which title protects employees of companyies who provide evidence of fraud?
  5. (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 True/False questions

  1. VolckerThe _____ 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).

          

  2. TrueThe first step of an effective compliance program, as prescribed by the FSGO, is management oversight. (true/false)

          

  3. Public Company Accounting Oversight Board(PCAOB) is an independent oversight body for auditing companies. They were charged with maintaining compliance with established standards and enforcing rules and disciplinary procedurees for those organizations that found themselves out of compliance.

          

  4. 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.

          

  5. MitigatingFactors that can decrease the culpability score are called _______ factors

          

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