John Selwoods question corner | ICAEW

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

For the duration of the pandemic and subsequent lockdowns, governments worldwide have released support strategies to lower the influence. Nevertheless, the blend of these kinds of schemes with the improve in distant functioning and modifications to regulate environments has created new incentives and added possibilities for fraud. Auditors need to have to be vigilant.

When doing the fieldwork on a the latest audit, the senior identified that a selection of workforce were being working whole time whilst the employer was saying below the Coronavirus Occupation Retention Scheme (CJRS), as if they were on furlough. Of course, there is the problem of presenting this in the economic statements, but what are my wider duties in this circumstance?