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John Selwood's question corner

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

During the pandemic and subsequent lockdowns, governments worldwide have introduced support schemes to reduce the impact. However, the combination of such schemes with the increase in remote working and changes to control environments has created new incentives and additional opportunities for fraud. Auditors need to be vigilant.

When doing the fieldwork on a recent audit, the senior identified that a number of employees were working full time while the employer was claiming under the Coronavirus Job Retention Scheme (CJRS), as if they were on furlough. Obviously, there is the issue of presenting this in the financial statements, but what are my wider responsibilities in this situation?