Question

Which of the following is not a main provision of the Foreign Corrupt Practices Act of 1977 (FCPA)?

a. No U.S. person or companies that have securities listed on U.S. markets may make a payment to a foreign official for the purpose of obtaining or retaining business.

b. Companies that have securities listed on U.S. markets must make and keep financial records that accurately and fairly reflect the transactions of the company.

c. Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country.

d. Certain payments made to an official to expedite the performance of the duties that the official would already be bound to perform are acceptable.

Answer 1

The correct answer is option c. Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country.

Step-by-step explanation:

The correct answer is option c. Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country. The main provisions of the Foreign Corrupt Practices Act of 1977 (FCPA) include:

1. No U.S. person or companies that have securities listed on U.S. markets may make a payment to a foreign official for the purpose of obtaining or retaining business.
2. Companies that have securities listed on U.S. markets must make and keep financial records that accurately and fairly reflect the transactions of the company.
3. Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country.

Option d. Certain payments made to an official to expedite the performance of the duties that the official would already be bound to perform are acceptable, is also a main provision of the FCPA. Therefore, option c is not a main provision of the FCPA.