FCPA meaning in Accounts and Finance ?

Answer:

What is Foreign Corrupt Practices Act mean?

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.

The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. territory.

Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls.

The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), which apply criminal and civil penalties, respectively.

Since its passage, the FCPA has been subject to controversy and criticism, namely whether its enforcement discourages U.S. companies from investing abroad. The Act was subsequently amended in 1988 to raise the standard of proof for a finding of bribery.

reference

Full Form	Category
Foreign Corrupt Practices Act	Accounts and Finance
Fellow of The Association of Certified Public Accountants (international)	Accounts and Finance
Florida Career Professionals Association	Business
Fujitsu Computer Products of America, Inc.	Business
Field Certified Professional Association	Business
Florida Cast Polymer Association	Business
Forensic Certified Public Accountant	Certifications
Florida Crime Prevention Association	Community
Fellowship of Christian Physician Assistants	Community
Florida Clinical Practice Association	Community
Fairfax County Park Authority	Community
Fairfax County Parks Association	Community
Fujitsu Computer Products of America	Computing
Fibre Channel Port Adapter	Computing
Finally Caught Pinching the Assets	General
Fair Campaign	General
Ford Customer Product Audit	General
Fergus County Port Authority	Governmental
Fair Campaign Practices Act	Governmental
Foreign Corrupt Practices Act of 1977	Governmental