≡ MENU

MCQs Papers Definitions Flashcards

MCQs
Papers
Definitions
Flashcards

Categories

Home—›
Professional Responsibilities

?

Which of the following is prohibited by the Foreign Corrupt Practices Act?

The payment for U.S. exports in currency other than U.S. dollars.
The offer of payment to foreign officials to obtain business.
The purchase by foreigners of strategic assets from the U.S.
The payment of U.S. funds to any regime not recognized by the U.S. Department of State.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (B)

Payments, or bribes, to officials of foreign governments in order to obtain business is prohibited by
the Foreign Corrupt Practices Act.

Related MCQs

?Which of the following best describes what is meant by the term generally accepted auditing standards?
?For which of the following can a member of the AICPA receive an automatic expulsion from the AICPA? I. Member is convicted of a felony. II. Member ...
?Which of the following is an example of a safeguard implemented by the client that might mitigate a threat to independence?
?Which of the following is a â€œself reviewâ€ threat to member independence?
?According to the standards of the profession, which of the following circumstances will prevent a CPA performing audit engagements from being indepe...
?The professionâ€™s ethical standards most likely would be considered to have been violated when a CPA represents that specific consulting servi...
?According to the ethical standards of the profession, which of the following acts is generally prohibited?
?May a CPA hire for the CPAâ€™s public accounting firm a non- CPA systems analyst who specializes in developing computer systems?
?Stephanie Seals is a CPA who is working as a controller for Brentwood Corporation. She is not in public practice. Which statement is true?
?According to the standards of the profession, which of the following activities would most likely not impair a CPAâ€™s independence?

Home

Privacy Policy DMCA Policy Contact Us

Copyright © 2015 accountingMCQs.com | All Rights Reserved