Test- Adequate Procedure (Section 17A of MACC Act 2009)

What is the primary purpose of Section 17A of the MACC Act 2009?

• To penalize individuals who offer bribes

• To establish corporate liability for corruption

• To reward whistleblowers

• To regulate company licensing

Section 17A introduces corporate liability on which entity?

• Individual shareholders

• Directors only

• Commercial organizations

• Government agencies

What is the main legal defense provided under Section 17A?

• The bribe was unintentional

• The organization had Adequate Procedures in place

• The employee was dismissed

• The incident was reported to MACC

What does the acronym TRUST represent?

• Core company values

• Five key elements of Adequate Procedures

• An audit framework

• Corporate leadership principles

In the TRUST framework, what does the “T” stand for?

• Tactics

• Top-Level Commitment

• Training

• Transparency

Adequate Procedures must be:

• Written but not necessarily implemented

• Well-documented and effectively implemented

• Prepared only by external consultants

• Based on financial performance

Who is ultimately responsible for implementing Adequate Procedures?

• Finance department

• Audit team

• Board of Directors and Senior Management

• Junior-level staff

The “R” in TRUST stands for:

• Responsibility

• Risk Assessment

• Remediation

• Review

The purpose of Training & Communication under TRUST is to:

• Communicate sales targets

• Ensure staff understand anti-bribery policies

• Create new marketing strategies

• Comply with tax requirements

Which document is considered key in an Adequate Procedures framework?

• Monthly financial reports

• Anti-bribery policy and Code of Conduct

• Sales brochures

• Media statements