The Foreign Corrupt Practices Act (FCPA) prohibits offering to pay, paying, promising to pay, or authorizing the payment of money or anything of value to a foreign official in order to influence any act or decision of the foreign official in his or her official capacity or to secure any other improper advantage in order to obtain or retain business. Review accounting and auditing enforcement release No.4054(June 20, 2019) What did the SEC allege Walmart engaged in?

2) Review Chapter 3 (The FCPA Accounting Provision) of Publication 

A) What does the accounting provision require? 

B) Why was including the accounting provision important for the FCPA to be effective? 

3) Go to sec.gov and review Walmart’s 2020 K-10 filing. What penalty amount did Walmart pay as a result of the SEC and Department of Justice FCPA cases? 

4) How is the Watergate Scandal related to the FCPA?

Answer rating: 100% (QA)

Answer Under the Foreign Corrupt Practices Act FCPA it is unlawful for a US person orcompany to offe... View the full answer