An internal auditor reviewed the tender documents for the procurement of manufacturing equipment and observed...

IIA IIA-CIA-Part2 Question Answer

An internal auditor reviewed the tender documents for the procurement of manufacturing equipment and observed the following:

Tender technical specifications were compliant with internal policies.

The sole assessment criterion of the tender was economic feasibility.

All bids were submitted to a designated software and could not be opened before the submission deadline.

The winner was approved by senior management.

The winner was selected based on which bidder offered the newest technology.

Which of the following is the most appropriate conclusion?

Key controls of the procurement process operate as intended based on the analysis of the specific tender documents.

IT controls implemented to ensure confidentiality of submitted bids seem to have several deficiencies.

Management's selection of the winner should be positively acknowledged for focusing on innovative technological solution.

The principles of transparency and equal treatment of bidders seem to be impaired.

IIA IIA-CIA-Part2 Summary

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