Question 1: What are the potential civil and criminal liabilities of an accountant?
Question 2: What is the significance of the Foreign Corrupt Practices Act? Explain.
Question 3: What are the formal and informal sources of regulations for accountants? What are some of the consequences of violating accounting regulations? How has the Sarbanes-Oxley Act affected accounting regulation? Give examples.
Question 4: What are the elements of a crime? What are some examples of crimes that do not require scienter? What constitutes criminal RICO? What are the consequences of engaging in these activities? Give examples.