John Selwood considers some thoughts on COVID-19 governing administration grant fraud.
Throughout the pandemic and subsequent lockdowns, governments globally have launched assist schemes to decrease the effects. Nonetheless, the mixture of such strategies with the increase in distant working and improvements to regulate environments has designed new incentives and supplemental possibilities for fraud. Auditors have to have to be vigilant.
When accomplishing the fieldwork on a recent audit, the senior recognized that a variety of workforce have been doing work comprehensive time whilst the employer was proclaiming beneath the Coronavirus Job Retention Plan (CJRS), as if they were being on furlough. Obviously, there is the situation of presenting this in the financial statements, but what are my wider obligations in this circumstance?