The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti-corruption law in the world | Online Homework Helper

Q1. Write reply (respond must be in terms of agree and add some additional information in 60 words)

The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti-corruption law in the world. It includes two main provisions which are

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· Anti-bribery: Individuals and businesses are forbidden from bribing foreign officials to keep or acquire the business.

· Accounting: Issuers must create and maintain books, records, and accounts to accurately show the transactions of corporations. Issuers are prohibited from falsifying these records. Issuers must also devise and maintain an adequate system of internal accounting controls (The National Whistleblower Center, 2021).

Reference

The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act Whistleblower FAQ. Retrieved from https://www.whistleblowers.org/faq/foreign-corrupt-practices-act-qui-tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsTwF65kQMeK179VPPaEDBoC22UQAvD_BwE

Q.2 Write reply with agree and just write some additional information rather than this articles in about 60 words)

To add to your post, when managers are considering doing business in other countries, they are highly recommended to do plenty of research on their laws and how they conduct business. Areas that may be impacted are contracts, investment, and corporate law. The five major families of law are (1) common law, (2) Romano-Germanic civil law, (3) Islamic law, (4) socialist law, and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017).  Each of these laws pertain to the business that is managed in specific countries. For example, common-law pertains to business that is done within the United States, England, and 26 former British colonies. The Romano-Germanic civil law pertains to France, Sweden and Germany and utilizes codes versus cases when enforcing rules and regulations. The Islamic law is originated from “Shari’a, a code of rules designed to govern the daily lives of all Muslims.”  The socialist law comes from the teachings of Karl Marx, where no single private property is known or established. The goal of the socialist law is to ensure the entire country is running of pure communism. Lastly, Hindu law stems from the Sastras. “Hindu law governs the behavior of people in each caste (hereditary categories that restrict members’ occupations and social associations).” (p. 219).

 

Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal environment of business: a critical thinking approach (Eight). Pearson.

 

Q1. Write reply (respond must be in terms of agree and add some

additional

 

information

 

in

60 words

)

 

 

The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti

corruption

law in the world. It includes two main provisions which are

 

·

 

Anti

bribery: Individuals and businesses are forbidden from bribing

 

foreign officials to

keep or acquire the business.

 

·

 

Accounting: Issuers must create and maintain books, records, and accounts to accurately

show the transactions of corporations. Issuers are prohibited from falsifying these

records. Issuers must also devis

e and maintain an adequate system of internal

accounting controls

 

(The National Whistleblower Center, 2021).

 

Reference

 

 

The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act

Whistleblower FAQ. Retrieved from https://www.whist

leblowers.org/faq/foreign

corrupt

practices

act

qui

tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsT

wF65kQMeK179VPPaEDBoC22UQAvD_BwE

 

Q

.2 Write reply with agree and just write some additional information rather than this

articles in about 60 words)

 

To add to your post, when managers are considering doing business in other countries, they are

highl

y recommended to do plenty of research on their laws and how they conduct business.

Areas that may be impacted are contracts, investment, and corporate law. The five major families

of law are (1) common law, (2) Romano

Germanic civil law, (3) Islamic law,

(4) socialist law,

and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017).

 

 

Each of these

laws pertain to the business that is managed in specific countries. For example, common

law

pertains to business that is done within the United Sta

tes, England, and 26 former British

colonies. The Romano

Germanic civil law pertains to France, Sweden and Germany and utilizes

codes versus cases when enforcing rules and regulations. The Islamic law is originated from

“Shari’a, a code of rules designed t

o govern the daily lives of all Muslims.”

 

The socialist law

comes from the teachings of Karl Marx, where no single private property is known or

established. The goal of the socialist law is to ensure the entire country is running of pure

communism. Lastly

, Hindu law stems from the Sastras. “Hindu law governs the behavior of

people in each caste (hereditary categories that restrict members’ occupations and social

associations).” (p. 219).

 

 

 

Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal e

nvironment of business: a

critical thinking approach (Eight). Pearson.

 

 

Q1. Write reply (respond must be in terms of agree and add some additional information in

60 words)

The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti-corruption

law in the world. It includes two main provisions which are

 Anti-bribery: Individuals and businesses are forbidden from bribing foreign officials to

keep or acquire the business.

 Accounting: Issuers must create and maintain books, records, and accounts to accurately

show the transactions of corporations. Issuers are prohibited from falsifying these

records. Issuers must also devise and maintain an adequate system of internal

accounting controls (The National Whistleblower Center, 2021).

Reference

The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act

Whistleblower FAQ. Retrieved from https://www.whistleblowers.org/faq/foreign-corrupt-

practices-act-qui-

tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsT

wF65kQMeK179VPPaEDBoC22UQAvD_BwE

Q.2 Write reply with agree and just write some additional information rather than this

articles in about 60 words)

To add to your post, when managers are considering doing business in other countries, they are

highly recommended to do plenty of research on their laws and how they conduct business.

Areas that may be impacted are contracts, investment, and corporate law. The five major families

of law are (1) common law, (2) Romano-Germanic civil law, (3) Islamic law, (4) socialist law,

and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017). Each of these

laws pertain to the business that is managed in specific countries. For example, common-law

pertains to business that is done within the United States, England, and 26 former British

colonies. The Romano-Germanic civil law pertains to France, Sweden and Germany and utilizes

codes versus cases when enforcing rules and regulations. The Islamic law is originated from

“Shari’a, a code of rules designed to govern the daily lives of all Muslims.” The socialist law

comes from the teachings of Karl Marx, where no single private property is known or

established. The goal of the socialist law is to ensure the entire country is running of pure

communism. Lastly, Hindu law stems from the Sastras. “Hindu law governs the behavior of

people in each caste (hereditary categories that restrict members’ occupations and social

associations).” (p. 219).

 

Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal environment of business: a

critical thinking approach (Eight). Pearson.

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