5 Written questions
5 Matching questions
- Financial Stability Oversight
- Defense Industry Initiatives
- a The SEC may bring civil fines of up to _____ per violation under the FCPA.
- b 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."
- c 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.
- d 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)
- e The SBDC strictly enforces the FCPA. (true/false)
5 Multiple choice questions
- What is the maximum fine under FSGO
- Established in 1994 by the Comprehensive Crime Control Act, charged with developing uniform sentencing guidelines for offenders convicted of federal crimes.
- Which title required CEOs and CFOs to certify quarterly and annual reports to the SEC?
- Payments that are accceptable (legal) provided they expedite secure the performance of a routine governmental action refers to ______.
- (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
5 years → What is the maximum term of organizational prohibition?
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.
Disclosure, Prohibition → (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.
Compliance program → The 7 steps to and effective _______________ are Management oversight; Corporate policies; Communication of standards and procedures; Compliance with standards and procedures; Delegaation of substantial discretionary authority; Consistent discipline; and Response and Corrective action.
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.