discuss merrits and successes of the US foreign corrupt practice act. 1 -2 pages

Expert Solution

Merits for US foreign corrupt practices act:

It prohibits the individuals and the businesses to bribe the government officials in order to obtain new business or to retain their existing business.
It ensures internal control within the organization.
It prohibits the individuals or businesses from manipulating their accounting records or their books.
It also requires the companies whose securities have been listed in US to satisfy the accounting provisions thereby making it safe for the investors.
It has reduced unfair competition between other American firms.

Success of FCPA:

The success of FCPA lies in enhancing the American values around the world by reducing on bribery and fraudulent activities and also by making business negotiations more predictable in advance. It has also generated a considerable amount of income for the US treasury which is estimated to be $2.4 billion in the year 2016 collected from two dozen companies as penalties for not compromising with the FCPA provisions.

jeff jeffy answered 1 year ago

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