The Foreign Corrupt Practices Act of 1977: What it Means for AP

The Foreign Corrupt Practices Act of 1977 (FCPA) is a federal law that has implications for AP professionals. FCPA has two provisions: Anti-bribery: Its anti-bribery provision makes it illegal for U.S. citizens and companies to offer a foreign official anything of value to gain an unfair advantage or to influence business decisions. Accounting Provisions: FCPA's...