Week 8 Discussion not a paper just a short answer

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  • Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than $189 million from these thieves in 2012.
  • Watch J. Farrell's video titled "Prevent Employee Theft in Your Business":
  • Click here to open the video in a new window.
  • Analyzing the information contained in the video, identify at least four (4) internal controls effective in mitigating employee theft and / or fraud.
  • Provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.
  • Provide support for your answer.

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Explanation & Answer

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Business

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Student’s Name:
Institution’s Name:
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Business

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Mitigating employee theft and fraud


Know your employees

Employers should make an effort to know their employees. This is by creating a close
relationship with them. This will help them to know employees and their behavioral traits.
Those undergoing life issues that can push them to fraud will be identified and a solution foun...


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