The Foreign Corrupt Practices Act requires that: a. Auditors of publicly held companies report all illegal payments

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The Foreign Corrupt Practices Act requires that:

a. Auditors of publicly held companies report all illegal payments to the SEC.

b. Publicly held companies establish audit committees consisting only of outside directors.

c. U.S. firms doing business abroad report publicly all significant payments made to non-U.S. citizens.

d. Publicly held companies devise and maintain an adequate system of internal control.

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