Foreign Corrupt Practices Act Of 1977

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Yallapragada, Roe, and Toma (2012) revealed that the U. S. Congress has passed two laws including the Foreign Corrupt Practices Act “FCPA” of 1977 and Sarbanes-Oxley Act of 2002 laws to fight the white-collar crimes. Further, the Foreign Corrupt Practices Act (FCPA) of 1977 focuses on bribing and corruption. This Act came out as a result of the fact that the executives of Lockheed have corrupted the Japanese companies to get their business. Further, the U. S. Congress quickly passed the Sarbanes-Oxley Act “SOX” in 2002 to fiercely react to the enormous accounting scandals including Tyco, Waste Management, Enron and WorldCom. The SOX represents a complicated legislation that puts businesses under a strong implementation of heir expenditures

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