John Selwood considers some queries on COVID-19 federal government grant fraud.
All through the pandemic and subsequent lockdowns, governments around the globe have released support schemes to lessen the impression. However, the mixture of such strategies with the raise in remote doing work and variations to management environments has established new incentives and more chances for fraud. Auditors have to have to be vigilant.
When performing the fieldwork on a latest audit, the senior identified that a amount of staff members ended up doing the job comprehensive time even though the employer was proclaiming underneath the Coronavirus Work Retention Scheme (CJRS), as if they were on furlough. Naturally, there is the challenge of presenting this in the economical statements, but what are my wider responsibilities in this predicament?