At Cadmia Services, the cashier collects checks and cash from customers, and the junior accountant records the transactions in the journal. The controller approves the journal entries and bank reconciliations
The treasurer signs checks and approves contracts.
Which internal control procedure is exemplified in the above situation?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
C
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An American businessman or woman who overtly bribes a foreign official to secure a contract for his or her company:
A. Is violating the Foreign Corrupt Practices Act ("FCPA") and creating a conflict of interest for the foreign B. Is not engaged in a violation of the FCPA if bribery is allowed in the host country. C. Has neither violated the FCPA nor created a conflict of interest for the foreign official if his or her company is ultimately unsuccessful. D. Has subjected the foreign official to possible prosecution in America for violation of the FCPA.
The ________ doctrine states that courts should apply the law of the state that has the closest and most real connection with the dispute
A. act of state B. vested rights C. most significant relationship D. governmental interest