Checks and Balances Are Critical in the COVID-19 Era
Risk of Fraud Heightened by Aspects of Current Working Life
The severe economic and social impacts of COVID-19 have increased the likelihood of fraud, in relation to not just government assistance schemes where false claims could be made, but also the risks faced by companies and other organisations that may be subject to fraud as a result of the new working environment. With staff generally working from home and many businesses operating with a reduced workforce, either through furlough or as a result of illness, businesses are grappling with operational, procedural and staff changes that could open avenues for fraud. Now more than ever it is important that firms adapt and maintain the required checks and balances which can help prevent falling victim to some form of fraud.