The increasingly global scope of the foreign corrupt practices act

DOI: https://doi.org/10.56241/asf.v6n11.82
Keywords: accounting, corruption, accountants, management organizational.

Abstract

This article analyzes the development, characteristics and scope of the Foreign Corrupt Practices Act of the United States and its implications for illegal acts in public and private organizations in the United States and the rest of the world, within the framework of a context of international cooperation, stock market indices and global economic relations. Different cases and ways of acting legally and illegally in some organizations are exposed based on the regulations analyzed. The document has a high contextual value to highlight the paper of accounting as a support for illegal acts and warns about the implications of acting fraudulently when there are business relationships with US companies covered by this law.

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Author Biography

Stephen Brian Salter, Middle Tennessee State University

Ph.D. in Accounting/International Business, University of South Carolina; M.B.A., University of Windsor, Ontario, Canadá; B.S., University of Manchester, United Kingdom.

References

Cassin, R. L. (2017). Telia tops our new Top Ten list (after we do some math). Disponible en: http://www.fcpablog.com/blog/2017/9/22/telia-tops-our-new-top-ten-list-after-we-do-some-math.html
Published
2018-07-01
How to Cite
Salter, S. B. (2018). The increasingly global scope of the foreign corrupt practices act. Colombian Journal of Accounting - ASFACOP, 6(11), 13-25. https://doi.org/10.56241/asf.v6n11.82
Issue
Vol. 6 No. 11 (2018): Colombian Journal of Accounting
Section
Invited of honor
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