Assignment4 - Assignment 4 Q4 Identify three federal...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Assignment # 4 Q4. Identify three federal regulatory agencies with specific responsibilities relating to white collar crime: describe the jurisdictions of these agencies. Which agencies appear to be most effective, or even counterproductive, and why? What factors specifically influence how agencies operate? According to our textbook, because of the complex, often interjurisdictional character of much white collar crime, federal agencies have played a much larger role in the investigation of these crimes than local police agencies. On the other had, regulatory agencies have three basic functions: rule making, administration, and adjudication. The following three federal regulatory agencies are as follows: 1. Food and Drug Administration (FDA) 2. Federal Trade Commission (FTC) 3. Environmental Protection Agency (EPA) These federal regulatory agencies often find themselves contending with countervailing proregulatory and antiregulatory forces, make them shifting from one to another in order to survive. This forces or factors are complex and ranging from political pressure to professional pride to personal greed. Food and Drug Administration (FDA) The FDA currently regulates, inspects, monitors, tests, and develops guidelines for a wide range of products as follows: Foods Drugs Cosmetics Medical devices Radiation-Emitting Products Tobacco Products In many cases, the manufacturer actually conducts the tests, and the FDA has no direct control over this testing process. FDA inspectors are authorized to inspect any plant that produces products falling under the agency’s jurisdiction. Further, it has jurisdiction over violation of its
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/08/2012 for the course ACCOUNTING AC573 taught by Professor A.pidgeon during the Spring '11 term at Keller Graduate School of Management.

Page1 / 3

Assignment4 - Assignment 4 Q4 Identify three federal...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online