Reference no: EM132210359

Do you think that the penalty for violation of the internal control provision and the books and records provision of the FCPA is stiff enough to motivate companies to implement sys- tems capable of detecting bribes? Is it possible that some organizations tolerate lax internal control so managers have as much freedom as possible in running their business? What changes, if any, would you suggest to the FCPA? 2. When an organization implements a major accounting software package, it also inherits the system of internal control that is built into the software—good, bad, or indifferent. What can be done if it is discovered, months after the software has been purchased and installed, that the software is lacking in good internal control? 3. IT workers have a key role in designing and implementing the internal controls associated with systems that automate the processing of business transactions, such as the payment of suppliers, employees, and business partners and the receipt of payments from custo- mers. What can IT workers do to prepare themselves for this responsibility? Who should the IT workers collaborate with when evaluating or designing the automated internal controls of a computer-based information system?