The Foreign Corrupt Practices Act - Research Paper Example

Only on StudentShare

Extract of sample
The Foreign Corrupt Practices Act

INTRODUCTION This paper shall discuss the Foreign Corrupt Practices Act of 1977 (FCPA), which is a United States federal law passed mainly to ensure accounting transparency as mandated by the Securities Exchange Act of 1934. It also includes provisions meant to address the bribery of foreign officials. This paper shall discuss the act, including its pertinent details and essential provisions, as well as its reasons for passage and application. II. BODY The Foreign Corrupt Practices Act is a law which includes specific provisions on accounting and prohibitions on bribery (Cook and Connor, p. 2). The accounting provisions of the law are meant to prohibit illegal accounting practices which are often carried out to conceal corrupt practices. The provisions are also meant to guarantee that company shareholders, including the Securities and Exchange Commission are given an accurate picture of corporate status and finances (Cook and Connor, 2010). This law covers two groups of corporate personalities, first are “those with formal ties to the United States and those who take action in furtherance of a violation while in the United States” (Cook and Connor, 2010, P. 2). The US issuers and domestic concerns are required to heed the provisions of the FCPA, regardless of their actions being within or outside the US territories. ...Show more


THE FOREIGN CORRUPT PRACTICES ACT (COURSE) (NAME) (EMAIL ADDRESS) (DATE) ABSTRACT The FCPA is a law which was established as a means to make illegal the bribery of foreign officials and to prevent issues in accounting practices. It was passed in the midst of a US proliferation of illegal corporate practices…
Author : ruby63
The Foreign Corrupt Practices Act essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"The Foreign Corrupt Practices Act"
with a personal 20% discount.
Grab the best paper

Related Essays

Business Law
This act strictly prohibits any act of bribery from or to any person to get things accomplished in an unlawful manner. The law was enacted because there was a serious concern for corrupt practices among American traders. These trading activities had a profound impact on the image of USA among other major trading partners.
5 pages (1250 words) Research Paper
AIS Attacks and Failures: Who to Blame
Any organizational failure is attributed to financial mismanagement through improper accounting records. It is due to this sole reason that Accounting Information Systems in crucial to the entire management. As Hall asserts further in his publication, Accounting Information Systems (AIS), a subset of Management Information System, focuses mainly on financial transactions.
5 pages (1250 words) Research Paper
Pick a country other than india and write a paper on business ethics
The emphasis on business ethics in the country has emerged due to these economic changes. The country’s regulation therefore requires that businesses observe the respective regulations in their fields of operation. Business ethics analyses ethical principles and examines ethical and moral issues that could come up in a particular business environment.
3 pages (750 words) Research Paper
Environmental Factors Paper
During ‘50s through ‘70s, the US manufacturers played a dominant role in automobile markets but thereafter the onslaught of companies from Japan such as Toyota, Honda, Mitsubishi and Nissan made the US companies to market their products in a different way.
4 pages (1000 words) Research Paper
Wal-Mart de Mexico Bribes Discussion
Wal-Mart entered a joint venture with Cifra in 1991 following the launching of Sam’s Club in Mexico City which became the first market of Wal-Mart’s international division. Six years later Wal-Mart obtained a majority position in Cifra, this later prompted the name change to Wal-Mart de Mexico was otherwise known as warmer in 2000.
6 pages (1500 words) Research Paper
Legal Systems and Ethical Standards
The company should also be aware of the international standards and comply with them in the host country. There are different legal and ethical standards in Greece and in the United
5 pages (1250 words) Research Paper
Foreign Corrupt Practices Act
It bans the offering of money or anything that might be valuable to a foreign official, in return for granting the permission to start or retain a business. According to the rules of FCPA it is mandatory for all the U.S. companies (local as well as foreign companies) to keep an
4 pages (1000 words) Research Paper
AIS Attacks and Failures: Who to Blame
ormation System links the analysis and application of accounting with the arrangement, putting into operation, and examining the systems of information. The information systems use current information technology elements with conventional accounting management and techniques to
3 pages (750 words) Research Paper
In 2006, walmex/ Wal-Mart de Mexico acquired a license to run and manage a bank within the country by the ministry of finance. In the following year, Banco de Wal-Mart initiated operations in five states of Mexico with 16
6 pages (1500 words) Research Paper
Business and international bribery
Those who gainsay the fairness of the FCPA Act argue that it is imbalanced for the US businesses to be prohibited from bribing in foreign business environments when this is a way of doing
2 pages (500 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email