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12 Cards in this Set
- Front
- Back
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Foreign Corrupt Practices Act (FCPA)
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Legislation introduced to control bribery and other less-obvious forms of payment to foreign officials and politiciams by American publicy traded companies
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Disclosure (FCPA)
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The FCPA requires corporations to fully diclose any and all transactions conducted with foriegn officials and politicians
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Facilitation payments (FCPA)
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Payments that are acceptable (legal) provided they expedite or secure the performance of a routine govermental action
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Rouitine govermental action (FCPA)
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Any regular administrative process or procedure, excluding any action taken by a foreign offical in the decision to award new or continuing business
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Defense Industry Initiatives (DII)
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Six principles that "were intended to promote sound management practices, to ensure that companies were in compliance with complex regulations, and to restore pubklic confidence in the defense undustry"
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Federal Sentencing Guidelines for Organizations (FSGO)
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Hold businesses liable for the cirminal acts of their employees and agents
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Culpability Score (FSGO)
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The calculation of degree of blame or guilt that is used as a miltiplier of up to four times the base fine. The culpability score can be adjusted according to aggravating or mitigating factors
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Death Penalty (FSGO)
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Where the fine is set high enough to match all the organization's assets - and basically put the organization our of business. this is warrented where the organization was operating primarily for a criminal purpose
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Sarbanes-Oxley Act (SOX)
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legislative response to the corporate accounting scandles kof the early 200s that covers the finical management of business
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Public Company Accounting Oversight Board (PCAOB)
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An independent oversight body for auditiong companies
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Prohibition (FCPA)
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the FCPA incorporated the wording of the Back of Secrecy Act and Mail Fraud Act to prohibit the movement of funds overseas for the express purpose of conducting a fraudulent scheme
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Which two distint areas did the FCPA focus on?
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Disclosure and Prohibition
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