Which of the following controls would best mitigate the risk of fraud in the bidding process?

exams IIA-CIA-Part1 V1 IIA-CIA-Part1 exam 0 Comments

Which of the following controls would best mitigate the risk of fraud in the bidding process?
A . Have a bidding committee open the tender bids.
B. Restrict the time to submit tender bids.
C. Keep minutes of pre-bid meetings.
D. Allow the higher tenders to rebid.

Answer: B