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The Foreign Corrupt Practices Act Requires Which of the Following

Question 34

Multiple Choice

The Foreign Corrupt Practices Act requires which of the following?


A) The auditor engaged to examine the financial statements must report to the SEC all illegal payments.
B) A publicly-held company must establish an independent audit committee to monitor the effectiveness of a company's internal controls.
C) U.S. firms doing business abroad must report sizable payments to non-U.S. citizens to the U.S. Justice Department.
D) A company registered with the SEC must devise and maintain an adequate internal control.
E) All of these are required by the Foreign Corrupt Practices Act. E

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