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Governmental Bid Full Financial Status Review Essay

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Governmental Bid Full Financial Status Review
Ardyth Smith

Instructor: Jennifer Brown

November 14, 2011

University of Phoenix

Internal Auditor Letter

November 14, 2011

Always Accurate CPA Firm

RE: Government Bid and Financial Status Review

Dear Management:

I would like to present information to recommend a full financial status review prior to submitting a government contract bid. I will discuss the impact of fraud and abuse on a company, government oversight of fraud and abuse, the potential corruption schemes to be aware of and the recommended types of accounting evidence and methods of gathering evidence to support the financial status review. I will present the definitions for each and possible impacts of each. Then, I will review the government oversight and corruption. I will then lay out my recommendations for the financial status review. Occupational fraud and abuse is defi...

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