John Selwoods question corner | ICAEW

John Selwood considers some thoughts on COVID-19 authorities grant fraud.
All through the pandemic and subsequent lockdowns, governments worldwide have released assist techniques to lessen the impact. Having said that, the mix of this sort of strategies with the improve in remote operating and adjustments to handle environments has developed new incentives and additional opportunities for fraud. Auditors will need to be vigilant.
When undertaking the fieldwork on a new audit, the senior discovered that a variety of staff ended up functioning complete time even though the employer was saying underneath the Coronavirus Work Retention Plan (CJRS), as if they had been on furlough. Obviously, there is the concern of presenting this in the monetary statements, but what are my broader tasks in this condition?