© D.L. Crumbley
Foreign Corrupt Practices Act of 1977
Public companies shall maintain adequate internal controls:
Make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of issuer; and
Devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that-
1) transactions are executed in accordance with management’s general or specific authorization;
transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements….
FCPA Section 102