Bid rigging and kickbacks create unfair and uncompetitive bidding processes which may result in financial losses due to paying higher prices in the absence of competition. Choose the best control activity to address this risk.

Require bidders to sign and submit non$-$collusion affidavits stating the bidder has not colluded with employees or other bidders.

Periodically checking fixed assets against the fixed asset records

Regular management review of fixed asset accounting transactions and trends in fixed asset ratios

Tagging all fixed assets