Bribery Act and Continuously compounded rate of return: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Mend link.)
 
imported>Doug Williamson
(Classify page.)
 
Line 1: Line 1:
''UK - law''.
The more frequently a nominal annual rate of interest is compounded within a given time period, the greater the total interest accrued by the end of the period.  


The UK's Bribery Act, 2010.
Continuous compounding takes this process to its theoretical limit by assuming that the nominal annual interest is calculated and compounded continuously at the given continuously compounded % rate.




The Bribery Act 2010 was introduced to update and strengthen UK laws against bribery, including foreign bribery.


Among other aims, the Bribery Act is designed to address the requirements of the 1997 OECD anti-bribery Convention.
== See also ==
* [[Compounding effect]]
* [[Effective annual rate]]
* [[Nominal annual rate]]


 
[[Category:The_business_context]]
:<span style="color:#4B0082">'''''Extraterritorial aspect - UK Bribery Act'''''</span>
 
:""The Act
 
:Describes four offences to be defined as bribery...
:Introduces an extraterritorial aspect to each of the four bribery offences by including all acts and omissions which take place within or outside the UK...
:Helps tackle the threat that bribery poses to economic progress and development around the world.
 
 
:The four defined bribery offences are:
 
:#Offering or giving an advantage expressed in financial or other terms to a person to perform a public function or business activity in an improper way.
:#Requesting, accepting or agreeing to receive an advantage personally...
:#Offering or giving any advantage to foreign public officials...
:#The failure by a commercial organisation to prevent a bribe being paid for or on its behalf to achieve an advantage in the conduct of business."
 
:''The Bribery Act - United Kingdom - the Treasurer's Wiki.''
 
 
==See also==
*[[Adequate procedures]]
* [[Bribery]]
*[[Extraterritorial jurisdiction]]
*[[FCPA]]
*[[Law]]
*[[OECD]]
*[[Serious Fraud Office]]
*[[United Kingdom]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Ethics_and_corporate_governance]]

Latest revision as of 20:33, 27 June 2022

The more frequently a nominal annual rate of interest is compounded within a given time period, the greater the total interest accrued by the end of the period.

Continuous compounding takes this process to its theoretical limit by assuming that the nominal annual interest is calculated and compounded continuously at the given continuously compounded % rate.


See also