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An Update on Major Enforcement Actions: Under The Accounting Provisions of the Foreign Corrupt Practices Act or FCPA

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  • David Mest
  • Richard J. Hunter Jr.

Abstract

This article outlines the basic provisions of the Foreign Corrupt Practices Act (FCPA) in the context of several of the major enforcement actions brought under accounting provisions of the Act in the recent past, including a review of the most recent actions of the Securities Exchange Commission (SEC) during 2015. The article offers commentary relating to the necessity of implementing accounting systems and compliance programs, as well as pro-active employee counseling and training so that corporations will maintain accurate records and act ethically in compliance with key provisions of the Act. This article is third in a series relating to the FCPA and its effects on multinational corporations (MNC) and expatriate employees.

Suggested Citation

  • David Mest & Richard J. Hunter Jr., 2015. "An Update on Major Enforcement Actions: Under The Accounting Provisions of the Foreign Corrupt Practices Act or FCPA," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 6(4), pages 176-186.
    • Handle: RePEc:rss:jnljms:v6i4p2
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    References listed on IDEAS

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    1. Miriam Weismann & Christopher Buscaglia & Jason Peterson, 2014. "The Foreign Corrupt Practices Act: Why It Fails to Deter Bribery as a Global Market Entry Strategy," Journal of Business Ethics, Springer, vol. 123(4), pages 591-619, September.
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