The following criminal penalties may be imposed for violations of the FCPA'S (Foreign Corrupt Practices Act) antibribery provisions except:
A) corporations are subject to a fine of up to $2,000,000.
B) officers, directors, stockholders, employees, and agents are subject to a fine of up to $100,000.
C) fines imposed on individuals can be paid by their employer or principal.
D) the fines may be much higher, up to twice the benefit sought by the defendant.
E) in addition to fines, there may be imprisonment for up to five years.
C
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A public corporation refers to a corporation ________
A) that is allowed to sell stock only to a limited number of investors B) whose stock is sold to the general public C) that is owned solely by the federal government D) that is owned solely by the state/federal government E) whose stock is not traded in stock exchanges or other markets
Discuss at least four reasons that accounting standards currently differ between countries