IIA-CIA-Part1 Exam Dumps | Internal audit is performing an engagement to determine whether there were indications of questionable

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Question 257/349

Internal audit is performing an engagement to determine whether there were indications of questionable bidding on a city s infrastructure project. As part of the engagement the internal audit activity became aware that certain firms tend to receive the contracts for large city projects. How should the internal audit activity proceed with the engagement and identify questionable bidding practices?

A. Obtain the city s vendor listing to determine whether there was an adequate number of firms available to solicit bids for protects

B. Obtain at of the city s financial records to identify any firms that received payments for contracted goods and services.

C. Obtain the city's contracting files to determine whether the city demonstrated efforts to solicit bids from various interested firms.

D. Obtain the city's official public meeting minutes to determine whether there were concerns about the contracting practices

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Question 257/349

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