“Embezzlement in the Workplace” Please respond to the following:
- Employeetheft is a major problem in the U.S. retail industry. Informationobtained from SecurityInfoWatch reported that twenty three (23) majorretailers alone apprehended over 1.1 million shoplifters and dishonestemployees, and recovered more than $189 million from these thieves in2012. Watch J. Farrells video:
- Then,identify at least four (4) internal controls effective in mitigatingemployee theft and / or fraud. Provide at least two (2) examples ofinternal controls that could be implemented to reduce theft in the U.S.retail industry.