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Nisa posts strong trading figures Print 8th April 2021 Nisa posted strong trading figures for the 52-weeks to 2 January, with sales up 10.8% to £1.6bn, Co-op’s annual results reveal. During 2020, the symbol group signed up 624 new stores, building on strong recruitment figures in 2019. In its annual results, Co-op said: “We’ve seen significant sales growth for our Nisa partners, who’ve benefited from the broader range of products we’re able to supply them, particularly within the fresh categories.” Nisa is currently overhauling its partner terms to make them “simpler and more ...

Governments around the world have put in place support schemes to reduce the economic impact on entities of the COVID-19 pandemic. Economic conditions are likely to incentivise fraud and these schemes may be abused. Combined with additional opportunities for fraud arising from remote working and changes to control environments, the risk of fraud is heightened for most entities. Although ISA 240 notes that the primary responsibility for prevention and detection of fraud rests with management and those charged with governance of the entity, auditors also need to be vigilant. In the UK, the gove...