FCPA Compliance

This category defines the boundaries between transparent operations and corrupt practices when dealing with foreign officials - as delineated in the Foreign Corrupt Practices Act (FCPA). The concepts of bribery, as well as of compliance, due diligence, oversight, internal controls, and transparent accounting will be discussed. The importance of having accounting policies that are consistently applied - including four recommended internal accounting controls - is emphasized in these lessons. Information about routine governmental actions and what these cover is also provided. Students should learn to spot certain "red flags" that signal the need for further scrutiny.