November 27, 2022

GHBellaVista

Imagination at work

John Selwoods question corner | ICAEW

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John Selwood considers some questions on COVID-19 government grant fraud.&#13

All through the pandemic and subsequent lockdowns, governments worldwide have released guidance schemes to lessen the effect. On the other hand, the mixture of these types of schemes with the improve in remote working and alterations to manage environments has created new incentives and supplemental possibilities for fraud. Auditors will need to be vigilant.

When doing the fieldwork on a the latest audit, the senior identified that a range of workers ended up doing the job whole time while the employer was declaring below the Coronavirus Position Retention Plan (CJRS), as if they were on furlough. Of course, there is the difficulty of presenting this in the economic statements, but what are my wider duties in this situation?