Accounting Assignment
• Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty three 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":
https://www.youtube.com/watch?v=x8OHUCMtgMM&feature=youtu.be
• Analyzing the information contained in the video, identify at least four internal controls effective in mitigating employee theft and / or fraud.
• Provide at least two examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.
• Provide support for your answer.