Many risks need to be taken into account during inventory. Due to its simplicity of concealment and theft, one of the primary hazards is that inventory thieves may target small but valuable stocks. Additionally, since they take the inventory they want and declare it to be sold items, workers are typically the ones that steal inventory simply. An inflated inventory count that might be exploited to hide the unauthorized removal of valuable products is another danger associated with inventory. Additionally, carrying over inventory valuation from the previous month may be wrong, which makes fraud simpler. Do you think that those risks can be controlled?

Answer rating: 100% (QA)

Such risks can be controlled in many ways they are 1 Recognise signs and patterns There are many warning signs you might see if someone is committing inventory fraud Some of the signs could be missing ... View the full answer