Failing to vet foreign agents risks breaching which US law?
ASecurities Act of 1933
BSarbanes Oxley Act 2002
CForeign Corrupt Practices Act
DDodd Frank Act of 2010
Answer & Solution
Correct answer: C. Foreign Corrupt Practices Act
Lack of due diligence on foreign agents can lead to noncompliance with the Foreign Corrupt Practices Act (FCPA).
Keep practising Due Diligence
Browse all Due Diligence questions for CA Final, or explore more Auditing topics.
Related questions
Which UK Act covers confiscation of crime proceeds?Which modern technology helps forensic accountants parse large unstructured data quickly?Why not use only internal audit checklists in a fraud probe?Forensic accountants help in which family law matter?A forensic accountant checks a vendor list for names with no real business behind them. WhWhat kind of opinion must a UK expert witness give?Which ICAI certificate course suits forensic accountants?The J-score assumes that which item is harder to manipulate than an asset's inflated value