What are some of the most effective ways that companies can detect and prevent inventory and noncash assets fraud?

How can companies establish robust internal controls over their inventory and asset management processes and ensure that assets are appropriately secured, monitored, and accounted for?

Can companies use technological solutions to monitor inventory and asset transactions and detect unusual patterns or discrepancies?

Lastly, what are some of the ethical considerations that companies should keep in mind when investigating and addressing inventory and noncash assets fraud, and how can they ensure that they balance fraud prevention with the need to maintain positive relationships with employees and other stakeholders?

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Detecting and preventing inventory and noncash assets fraud requires a combination of effective internal controls technological solutions and ethical ... View the full answer