Certified Texas Contract Manager Practice Exam

Which entities are required to report suspected fraud, waste, or abuse?

1. Only state agencies

2. Only universities

3. All state agencies, colleges, and universities

4. Only non-profit organizations

The correct answer is: All state agencies, colleges, and universities

The correct answer is that all state agencies, colleges, and universities are required to report suspected fraud, waste, or abuse. This requirement aligns with the overarching goals of accountability and transparency in public sector operations. Entities such as state agencies and educational institutions hold a public trust, and reporting any irregularities helps ensure that resources are being used efficiently and effectively. By mandating that all these entities report suspected misconduct, it creates a comprehensive framework that promotes integrity and discourages fraud across the board. This requirement is part of a larger effort to uphold ethical standards and maintain public confidence in government and educational institutions. By having a wide array of organizations involved in the reporting process, it not only enhances oversight but also encourages a culture of compliance and responsibility in managing public resources.