ACC 411 Ethics Final
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,A facilitation payment:
a. Is never lawful under the Foreign Corrupt Practices Act
b. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
exportation of merchandise from the United States
c. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
importation of merchandise into the United States
d. Is always lawful under the Foreign Corrupt Practices Act
d
Which of the following would most likely be classified as a facilitation payment?
a.A payment that encourages a high-ranking government official to facilitate a
new business deal with a foreign supplier
b.A payment that encourages a lower-level government official to perform a routine
service more rapidly than it otherwise would be performed
c. A payment that encourages a private-sector company to accelerate the delivery of
goods or services in an international shipping transaction
d.A payment that provides a lawful commission to a foreign agent or representation to
enable a plant or other operational facilities to bypass certain regulations established by
the Foreign Corrupt Practices Act
b
If a company makes a payment to a foreign government official to ensure that goods that
are not entitled to be exported into that country are indeed allowed to enter that country,
the company has given:
a.A facilitation payment
b.An unlawful referral fee
c. A lawful referral fee
d.A bribe
d
,An auditor has discovered that its audit client made numerous facilitation payments to
foreign officials over the past two years. This client's stock trades on the New York Stock
Exchange. The auditor should:
a. Inform the SEC
b. Inform authorities at the stock exchange
c. Inform the companies' Audit Committee
d. Ignore this discovery
d
A facilitation payment:
a. Is never lawful under the Foreign Corrupt Practices Act
b. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
exportation of merchandise from the United States
c. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
importation of merchandise into the United States
d. Is always lawful under the Foreign Corrupt Practices Act
d
Mary, a CPA, accepted a fee from Rajiv, a CPA, for referring one of Mary's clients to him.
Mary's client was not informed of this referral fee. Was Mary's acceptance of this fee
permitted by applicable professional rules?
a. No
b.Yes, if Rajiv possesses specialized skills that Mary lacked
c.Yes, if Rajiv possesses specialized skills that Mary lacks and Rajiv agreed to a non-
contingent referral fee arrangement with Mary prior to provide services to the referred
client
d.Yes, as long Mary's fee arrangement is a lump-sum amount rather than a percentage
of the amount that Rajiv bills this client for his services
b
, In California, a CPA may:
a.Always receive a referral fee in connection with the referral of a non-audit client
b.Always pay a referral fee in connection with the referral of a non-audit client
c. Never pay or receive a referral fee, in accordance with the AICPA's Code of
Professional Conduct
d. Never pay or receive a referral fee, even if the AICPA's Code of Professional Conduct
otherwise might authorize it
d
The key difference between bribery of a public official and bribery of a corporate
employee is that:
a.Only bribery of a public official is ever unlawful under anti-bribery criminal laws
b.Only bribery of a public official is unlawful under the Foreign Corrupt Practices Act
c. Only bribery of a public official can ever result in a prison sentence in the United States
d. Bribery of a corporate employee may exclusively be enforced through a civil action for
damages by the corporation and never by government prosecution
b
Under the Foreign Corrupt Practices Act, a company can be held criminally liable:
a. If it is more probable than not that it committed bribery
b. In a lawsuit filed by a government other than the United States
c. If it engaged in "willful blindness" to acts of bribery that furthered its economic interests
d. Only if documentary evidence confirms the existence of bribery
b
Exam Questions Verified
and Provided with A+
Graded Answers |Latest
Updated 2026
,A facilitation payment:
a. Is never lawful under the Foreign Corrupt Practices Act
b. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
exportation of merchandise from the United States
c. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
importation of merchandise into the United States
d. Is always lawful under the Foreign Corrupt Practices Act
d
Which of the following would most likely be classified as a facilitation payment?
a.A payment that encourages a high-ranking government official to facilitate a
new business deal with a foreign supplier
b.A payment that encourages a lower-level government official to perform a routine
service more rapidly than it otherwise would be performed
c. A payment that encourages a private-sector company to accelerate the delivery of
goods or services in an international shipping transaction
d.A payment that provides a lawful commission to a foreign agent or representation to
enable a plant or other operational facilities to bypass certain regulations established by
the Foreign Corrupt Practices Act
b
If a company makes a payment to a foreign government official to ensure that goods that
are not entitled to be exported into that country are indeed allowed to enter that country,
the company has given:
a.A facilitation payment
b.An unlawful referral fee
c. A lawful referral fee
d.A bribe
d
,An auditor has discovered that its audit client made numerous facilitation payments to
foreign officials over the past two years. This client's stock trades on the New York Stock
Exchange. The auditor should:
a. Inform the SEC
b. Inform authorities at the stock exchange
c. Inform the companies' Audit Committee
d. Ignore this discovery
d
A facilitation payment:
a. Is never lawful under the Foreign Corrupt Practices Act
b. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
exportation of merchandise from the United States
c. Is lawful under the Foreign Corrupt Practices Act as long as it does not involve the
importation of merchandise into the United States
d. Is always lawful under the Foreign Corrupt Practices Act
d
Mary, a CPA, accepted a fee from Rajiv, a CPA, for referring one of Mary's clients to him.
Mary's client was not informed of this referral fee. Was Mary's acceptance of this fee
permitted by applicable professional rules?
a. No
b.Yes, if Rajiv possesses specialized skills that Mary lacked
c.Yes, if Rajiv possesses specialized skills that Mary lacks and Rajiv agreed to a non-
contingent referral fee arrangement with Mary prior to provide services to the referred
client
d.Yes, as long Mary's fee arrangement is a lump-sum amount rather than a percentage
of the amount that Rajiv bills this client for his services
b
, In California, a CPA may:
a.Always receive a referral fee in connection with the referral of a non-audit client
b.Always pay a referral fee in connection with the referral of a non-audit client
c. Never pay or receive a referral fee, in accordance with the AICPA's Code of
Professional Conduct
d. Never pay or receive a referral fee, even if the AICPA's Code of Professional Conduct
otherwise might authorize it
d
The key difference between bribery of a public official and bribery of a corporate
employee is that:
a.Only bribery of a public official is ever unlawful under anti-bribery criminal laws
b.Only bribery of a public official is unlawful under the Foreign Corrupt Practices Act
c. Only bribery of a public official can ever result in a prison sentence in the United States
d. Bribery of a corporate employee may exclusively be enforced through a civil action for
damages by the corporation and never by government prosecution
b
Under the Foreign Corrupt Practices Act, a company can be held criminally liable:
a. If it is more probable than not that it committed bribery
b. In a lawsuit filed by a government other than the United States
c. If it engaged in "willful blindness" to acts of bribery that furthered its economic interests
d. Only if documentary evidence confirms the existence of bribery
b
