Fraud, theft and pilferage are common at the workplace around the world. They are more common inventory-oriented businesses.
There are several solutions. Below is a three-fold primary solution:
a) ensure reporting is concise and accurate in order to measure the extent of such losses
b) strengthen the human resource reward and punishment policy
b) improve internal controls, systems and procedures
At T&H, we aide in inventory management, accounting consultancy, taxation advisory and provide report development solutions.
