John Selwood considers some concerns on COVID-19 federal government grant fraud.
Throughout the pandemic and subsequent lockdowns, governments worldwide have introduced help schemes to lower the impression. Having said that, the mix of these types of strategies with the boost in remote operating and changes to manage environments has established new incentives and extra alternatives for fraud. Auditors need to have to be vigilant.
When undertaking the fieldwork on a current audit, the senior recognized that a range of staff were being operating comprehensive time though the employer was saying beneath the Coronavirus Career Retention Plan (CJRS), as if they have been on furlough. Of course, there is the difficulty of presenting this in the economic statements, but what are my broader responsibilities in this problem?