Exam4Training

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

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

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