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Provide an overview of the FCPA and the risks presented in India as well as advice...

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Accounting

Provide an overview of the FCPA and the risks presented in Indiaas well as advice to implementing a comprehensive complianceprogram to reduce the risk of violating this law

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OVERVIEW OF FCPA FCPA stands for Foreign Corrupt Practices Act The act deals with prohibition of payment of bribes to any officials to do any thing favourable to them or unfavourable to others and also to cover or window dress the corrupted financial or accounting transactions in an organization The act applies importantly to two persons namely 1 Issuers and 2 Domestic companies Issuers are the other nations companies whose securities were registered in US where as Domestic company is the US registered company with Nationality and citizenship of US FACP prohibits payment of any cosh or non cash item of any value    See Answer
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Provide an overview of the FCPA and the risks presented in Indiaas well as advice to implementing a comprehensive complianceprogram to reduce the risk of violating this law

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