Internal Controls
shared by marketingippcgroup on Feb 06
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Employee theft is a serious problem that can cause financial losses and damage to a business’s reputation if not addressed properly. As a business owner, it’s important to take steps to prevent em...
ployee theft. One way to do this is to implement internal controls. Internal controls are procedures or policies that are put in place to prevent or detect fraud or theft.
The majority of these controls pertain to the accounting process and the associated corporate books and records. Employees typically need to work together with other coworkers to support a theft when there are strong internal controls in place. When two or more employees collude to rob assets or money from the company while obstructing a control procedure, this is called collusion.
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https://ippc...rom-theft/Category
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