INSTURCTION
Try answering ALL questions and click on SHOW ANSWERS at the bottom of the page to see the suggested answers. All the best!!
1. Bid rigging occurs when...
2. Which of the following is the foremost element or component of procurement audit process?
3. The regulation of organisational activities so that some targeted elements of performance remain within acceptable limits can be described as?
4. A fraud report is essential for decision making on future occurrences of the phenomenon. Which of the following is not a feature of a fraud report?
5. A commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services is called
6. A procurement auditor is required to ensure that he/she
7. A dedicated hotline through which employees can report all suspicious conducts by others within and outside the organisation is called...
8. The important document that contains all the information for ordering the needed item in an organisation is called...
9. An outline of procedures to be followed by auditors to obtain an audit evidence that enables them express their opinion concerning the financial statements can be referred to as...
10. When a supplier or tenderer intentionally withdraws its winning tender to facilitate the winning of the contract by another competitor, that supplier is engaging in what we call
11. Which of the following is not a primary objective of procurement audit?
12. Procurement planning is a process of doing a job in a systematic and methodical manner. Define planning in an orderly manner using:
I. What to do
II. When to do
III. How to do and
IV. Who will do
13. A deliberate deception to secure unfair or unlawful gain procurement process is termed as
14. Which of the following procurement principles emphasizes the need for public servants to manage public funds with care and due diligence so that prices paid for goods, services and works are acceptable?
15. Audit risk may manifest in any one of the following except
16. The evidence that provides information sufficient to support the reasonable belief that a particular act or omission has occurred is called ........ evidence.
17. The ratio between an output gained from the business and an input to run a business operation is called....
18. Procurement auditing should be carried out professionally with respect to care, diligence and expedition and with proper regard for the technical and professional standards.
19. Which kind of behaviour put up by an employee can raise a flag about a possible fraud occurrence?
20. An individual or group that either is harmed by, or benefits from, the company or whose rights can be violated, or have to be respected, by the company is called....
