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Foreign Corrupt Practices Act
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I. INTRODUCTION
In 1977, Congress enacted the Foreign Corrupt Practices Act ("FCPA") as part of the 1934 Securities Exchange Act ("Exchange Act").1 The FCPA criminalized the bribery of foreign officials by U.S. corporations and individuals pursuing business in other countries and required that companies with publicly-traded stock meet certain standards regarding their accounting practices, books and records, and internal controls.2 As a result, U.S. businesses were at a competitive dis...
Related newspaper, magazine, and journal articles from HighBeam Research
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Foreign Corrupt Practices Act
The American Criminal Law Review
; I. INTRODUCTION In 1977, Congress enacted the Foreign Corrupt Practices Act ("FCPA") as part of the 1934 Securities Exchange Act ("Exchange Act1 The FCPA criminalized the bribery of foreign officials by U.S. corporations and individuals pursuing business in other countries and required that
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FOREIGN CORRUPT PRACTICES ACT
The American Criminal Law Review
; I. INTRODUCTION 605 II. ACCOUNTING PROVISIONS 609 A. Covered Parties 609 B. Elements of the Accounting Provisions 610 1. Record-keeping 610 2. Internal Controls 610 C. Criminal Liability 611 III. ANTI-BRIBERY PROVISIONS 612 A. Covered Persons 613 B. Elements of the Offense 614 C.
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Foreign corrupt practices act
The American Criminal Law Review
; I. INTRODUCTION Congress enacted the Foreign Corrupt Practices Act ("FCPA" or "Act")1 in 1977 to criminalize illicit payments to foreign public officials by United States ("United States" or "U.S businesses and individuals.2 Consequently, U.S. businesses had to compete in international markets
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SPC, JILIN chemical expect big earningss declines. (China).(Shanghai Petrochemical, Jilin Industrial 2001 profit forecast)(Brief Article)
Chemical Week
; Shanghai Petrochemical (SPC) and Jilin Industrial have warned that their full-year 2001 profits will be substantially below year-ago figures. The companies cite the effect of low petrochemical prices in China; Jilin also cites the effect of accounting provisions, including those for an undisclosed
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FCPA prosecutions: liability trend to watch.(Foreign Corrupt Practices Act)
Stanford Law Review
; ... at Second Annual General Counsel Roundtable: Tone at the Top: Getting it Right (Dec. 3, 2004), available at http://www.sec.gov/news/speech/spch120304srnc.htm. (26.) The Corruptions Perceptions Index, for example, is maintained by Transparency International ...
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French power giants' 90m bill
Evening Standard - London
; STATE-owned power group Electricit de France - owner of London Electricity - and its sister company Gaz de France have been forced to make accounting provisions totalling more than 90 million after the collapse of a project to modernise their computerised customer accounts system. EDF and GDF have
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News Just In... : FRS17 puts Diageo oe1.4bn in the red.(Net deficit in its pension funds )(Brief Article)
Pensions Week
; Drinks maker Diageo last week disclosed a GBP1.4bn net deficit in its pension funds under FRS17. The deficit applies to funds in the United Kingdom, Ireland and the United States. The adoption of the accounting provisions of FRS17 for the year ending 30 June 2004, would result in a net charge to
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The Foreign Corrupt Practices Act and progeny: morally unassailable.
Cornell International Law Journal
; Introduction While opponents avow that the Foreign Corrupt Practices Act(1) is morally assailable, a growing number of supporters believe that the U.S.-led effort to reduce corruption in the global economic arena is a positive initiative, not a candidate for indictment as moral imperialism. (2) At
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ACCOUNTING
Accountancy SA
; ... an alliance partnership agreement with IASplus. Some of the features of the website include: * A news page (updated almost daily). Day-by-day past news back to December 2000; * Detailed summaries of all standards and interpretations: * E-learning modules ...
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Staying aboveboard overseas. (includes related articles)
Financial Executive
; ... the actual fines may be far higher. There is some indication that investigations and enforcement activities may be increasing. News reports in late 1995 indicated federal grand juries in Texas and California were investigating Lockheed Martin Corp. for possible ...
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