US · us statute
FCPA books and records and internal accounting controls
In force
Section 13(b)(2) of the Exchange Act requires accurate books and a system of internal accounting controls for issuers. Records of payments should be traceable to a source and an approver. Deletion to hide a payment is itself a problem the control is meant to prevent.
Applies to. Issuers, with group and controlled-entity questions for counsel. Not every private US supplier is an SEC issuer.
Verification. Wilful violation penalties are cited separately and need counsel on alternative fines.
Reviewed in the research snapshot on 2026-11-08. A qualified legal reviewer has not been appointed.
Related penalty rows
- US-FCPA-BOOKS Wilful violation of the accounting provisions Verify with counsel