John Selwood considers some questions on COVID-19 governing administration grant fraud.
Throughout the pandemic and subsequent lockdowns, governments worldwide have introduced help strategies to minimize the impact. Nonetheless, the mixture of such schemes with the maximize in distant operating and adjustments to regulate environments has created new incentives and extra possibilities for fraud. Auditors need to have to be vigilant.
When doing the fieldwork on a new audit, the senior determined that a number of workers have been doing the job comprehensive time whilst the employer was claiming beneath the Coronavirus Task Retention Scheme (CJRS), as if they had been on furlough. Naturally, there is the difficulty of presenting this in the economic statements, but what are my broader responsibilities in this circumstance?