Act Violations in Afghanistan Assignment Example | Topics and Well Written Essays - 500 words

Act Violations in Afghanistan - Assignment Example I also found it interesting that despite USA’s great investment in establishing peace in former war-torn Sudan (Sudan and South Sudan), there has never been any penalty as a result of Foreign Corrupt Practices Act violations in that country. Last but not least, the ability of the interactive map to provide information about FCPA violations penalties in both numerical and visual item such as color and boxes was quite captivating and fun to me. I was very surprised by the magnitude of fines associated with FCPA violations in the Consulting sector. This figure was the largest among all the sectors which recorder payment of the penalties. I was also amazed that the Health & Pharmacy sector highly contributed to bribery in South America which is a continent adversely affected by poor health systems and status. Bribes increase the cost of operations and thus, bribery costs must have increased cost of health care in South America. This is quite a surprising and a saddening statistic. I agree with Linda about fictitious revenues. They are simply revenues reported that never occurred. This means that they could be inflated revenues or just fakes revenues. To add on her exhaustive post, I would like to add on the ways in which these fictitious revenues can be identified. One of the major red flags is an unusual increase in assets aimed at concealing these non-existent revenues. Contact details of customers such as physical addresses and phone numbers also become unavailable. Lastly, fictitious revenues can be detected by drastic changes in ratio patterns due to fictitious revenues. On the other hand, I disagree with Adrienne’s post.