When Auditing the Award of a Major Contract, Which of the Following

question 96

Multiple Choice

When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme? 1. Subsequent change orders increase requirements for low-bid items. 2. Material contract requirements are different on the actual contract than on the request for bids. 3. A high percentage of employees are charged to indirect accounts. 4. Losing bidders are hired as subcontractors.

• A) 1 only
• B) 2 only
• C) 1 and 3.
• D) 2 and 4.

Grasp the importance of minerals in bodily functions, including metabolism, bone formation, and blood functions.

Understand the basic principles and effectiveness of cognitive-behavioral therapy in treating mood and anxiety disorders.

Identify the role of medication in managing symptoms of psychiatric disorders, including antidepressants, antipsychotics, and mood stabilizers.

Recognize the application and efficacy of alternative treatment methods for psychiatric disorders, such as phototherapy and electroconvulsive therapy.

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Definitions:

Lawyer's Misconduct

Unethical behavior or actions by a lawyer that violate professional codes of conduct or laws.

Disbarment

The action of revoking a lawyer's license to practice law due to misconduct or unethical behavior.

Professional Responsibility

The ethical and moral obligations that professionals have towards their clients, the public, and their profession.

Standards

Established guidelines or benchmarks used to measure, compare, or regulate processes, products, or performance.