Armor Holdings Inc. : an application of the Foreign Corrupt Practices Act / Fatima Alali, Silvia Romero.

Format:

Book

Author/Creator:

Alali, Fatima, author.

Romero, Silvia, active 2020, author.

Series:

SAGE Business. Cases.

SAGE Business Cases

Language:

English

Subjects (All):

Corporations--Auditing--Case studies.

Corporations.

Corporations--Corrupt practices--Case studies.

Physical Description:

1 online resource.

Place of Publication:

London : NeilsonJournals Publishing, 2020.

Summary:

The U.S. Foreign Corrupt Practices Act (FCPA) has gained significant popularity in recent years across borders due to the increased investigation and penalties under the law. The following case is a real-life case that highlights the main provisions of the FCPA. Using cases in teaching an auditing or ethics course is much needed to develop students' professional judgment, critical and analytical thinking skills and communication skills. Presently, there are a few cases that address the Foreign Corrupt Practices Act and its effect on financial reporting and auditor responsibilities about illegal acts. The Armor Holdings case is interesting and information is publicly available regarding the circumstances that describe the bribery act, lack of whistle-blower protection, the tone at the top, and the accounting treatment. In addition, the increase in actions brought by the Securities and Exchange Commission (SEC) under the FCPA since 2010 heightens the relevance of this case and underscores the need for students to learn the skills necessary to ensure compliance with FCPA and related key regulations such as the Sarbanes Oxley and the Dodd Frank Act. Therefore, cases like this one provide a rich tool to navigate topics and enforce students' learning of client's illegal actions and their consequences. These skills are invaluable in practice.

Notes:

Originally Published InAlali, F., & Romero, S. (2020). Armor Holdings Inc.: An Application of The Foreign Corrupt Practices Act. A case study on challenges of ethical decision making in complex business situations. Journal of Business Ethics Education, 17(1), 291-294. JBEE17-0CS8.

Includes bibliographical references and index.

Description based on XML content.

ISBN:

1-5297-9034-4

9781529790344

OCLC:

1277087437