John Selwood considers some thoughts on COVID-19 government grant fraud.
For the duration of the pandemic and subsequent lockdowns, governments around the world have introduced assistance schemes to lessen the impact. However, the mixture of these kinds of schemes with the enhance in distant working and improvements to control environments has created new incentives and supplemental chances for fraud. Auditors need to have to be vigilant.
When performing the fieldwork on a modern audit, the senior discovered that a range of workforce have been working entire time whilst the employer was proclaiming less than the Coronavirus Position Retention Plan (CJRS), as if they have been on furlough. Naturally, there is the challenge of presenting this in the economical statements, but what are my broader responsibilities in this circumstance?