Assume that you are a consultant to a small business. The owner of the business does not have an accounting background and has turned to you for assistance.The owner believes that one or more employees may be stealing inventory from the business. Write a memorandum to the business owner in which you identify the type of business and answer the following questions:

Identify two (2) signs that an employee might be stealing from the business that detail what should the owner look for.

Outline two (2) possible controls that can be established to prevent the inventory theft.

What type of disciplinary action you would recommend for employees who are discovered to be stealing inventory?

Comment on the memos of at least two of your peers.