Discuss the effects of the FCPA on fraud and US Companies doing business globally

Expert Solution

Foreign Corrupt Practices Act (FPCA) has two provisions- Anti-Bribery and Accounting.

--Anti-Bribery: In essence, the Anti-Bribery Provisions make it a crime for any US individual, business entity or employee of a US business entity to provide or offer; directly or indirectly; an offer, promise to pay, payment, or authorization of payment of anything of value to a foreign government official; with corrupt intent; to influence an award, official action; in order to obtain or retain or redirect or gain an unfair advantage business.

--Accounting: The Accounting Provisions basically make it illegal for a company that reports to the SEC to have inaccurate or false records or to fail to maintain an adequate system of internal accounting controls

FCPA enforcement actions can also result in criminal charges that are inclusive of charges against individual company, management and employees. As a result it keep businesses honest and level the playing field in favour of competition, consequently consumers are benefited with the best products and services at the best price

ekkarill92 answered 11 months ago

How does FCPA impacts US businesses operating globally.

Write an overview of FCPA and the risks that can be present by doing business in...

Write an overview of FCPA and the risks that can be present by doing business in India.

Discuss the probable effects of the business strategies and financial performance of companies that are involved...

Discuss the probable effects of the business strategies and financial performance of companies that are involved in the construction-related industries.

Describe how doing business in the country of Sweden differs from doing business in the US....

Describe how doing business in the country of Sweden differs from doing business in the US. Focus on business and social etiquette. For example, in Namibia, in business settings, men may greet each other with an "African handshake" while women typically don't. Men have a different style of greeting women and vice versa. There are also differences between city customs and rural customs. Some meeting participants could be late and while Namibians like to negotiate, they prefer an indirect communication...

Can you briefly discuss the purpose of Government Contracts in doing business with the Public/Private companies?

Sony Very few companies can claim to be globally successful, but Sony, which brought us the...

Sony Very few companies can claim to be globally successful, but Sony, which brought us the Walkman and co-developed the CD and the DVD, has the numbers to prove it. In 2009, the company’s $76.361 billion in revenues were evenly distributed across mainly three markets: Japan, the United States, and Europe. Headquartered in Japan, Sony is best known for its high- quality consumer electronics, which account for 61 percent of total revenues, but the firm also produces games, music, and...

Mentioned theories that companies want to expand globally and what methodsexist to conduct business internationally

Fraud case - A USA public company doing business in Freedonia (a made up name from...

Fraud case - A USA public company doing business in Freedonia (a made up name from another Marx Brothers movie!) is compelled to bribe local officials in order to be the first to receive a business license for a certain type of industry there. The competition is fierce, but local government officials have unabashedly spread the word that under the table bribery payments to them from the USA company can seal the deal and that's why the USA company is...

Discuss benefits, costs, and risks of doing business in spain?

Discuss the importance of international business to small companies.

Question