June 13, 2024

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John Selwoods question corner | ICAEW

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

Throughout the pandemic and subsequent lockdowns, governments all over the world have introduced aid techniques to lower the effect. On the other hand, the mixture of this sort of schemes with the raise in remote functioning and improvements to manage environments has made new incentives and further chances for fraud. Auditors require to be vigilant.Question corner with John

When performing the fieldwork on a new audit, the senior discovered that a range of employees were operating whole time although the employer was proclaiming under the Coronavirus Occupation Retention Scheme (CJRS), as if they were on furlough. Of course, there is the issue of presenting this in the monetary statements, but what are my broader obligations in this situation?