Page 168 - CFF

FCPA investigations (continued)

FCPA requirements

• Recordkeeping and internal control requirements

– Adequate detailed recordkeeping

– System of internal controls to ensure the following:

– Reasonable assurances that transactions are executed in accordance with management’s
authorization

– Asset recording and accountability for producing correct financial statements
– Limiting access to assets to management’s authorization

– Recorded accountability for assets is periodically compared to existing assets and
appropriate actions are to be taken for deviations

19
19 © 2019 Association of International Certified Professional Accountants. All rights reserved.