Companies who have received money through the Covid Temporary Employer-Employee Relief Scheme (TERS) may be selected for audit.
Kaya Biz with Gugulethu Mfuphi spoke to Ruth Maforimbo, EY’s EMEIA senior manager for People Advisory Services about how this process will unfold.
How this will work
Maforimbo broke down what will happen to be beneficiaries of the Covid Temporary Employer-Employee Relief Scheme (TERS) who will be selected for audits.
“The department of labour has been very clear after it published that they have appointed 6 forensic audit firms who will be undertaking these audits… based on what we know on what is expected from these audit firms is that they have been appointed to perform investigations, and to examine the authenticity these TERS pay-outs, to analyse the financial records of every employer and the see if the money received were accurately paid over to qualifying employees that those employers would have initially applied for.”
The investigation will focus squarely on the payments of Covid-19 Ters benefits to people who were not entitled to receive such payments or submitted false, irregular, invalid or defective application to the UIF, including the causes of such maladministration.
“The investigation will look at payments that dates back to 1 March 2020 and 1 April this year or that took place after 01 April but relevant to, connected with or involve same people, entities or contracts being investigated.”