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a. What are 3 ways of recognizing that a fraud may be occurring and how to prevent each? 4 marks b. Differentiate Grant amount from

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a. What are 3 ways of recognizing that a fraud may be occurring and how to prevent each? 4 marks b. Differentiate Grant amount from committed amount? 2 marks C. The total value of a grant is 200,000, with direct costs amounting to 190,000 and indirect costs amounting to 10,000. 2 marks What is the percentage of indirect costs in relation to direct costs in order to arrive at the total value of the Grant? a) 5% b) 4.76% c) 5.26% d) none of these d. If in the above example the indirect costs were 15,000, what would be the percentage indirect costs in relation to the total value of the grant of 200,000? 2 marks i. a) 7.5% b) 8.1% c) 6.98% d) none of these

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