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You are a manager of a footwear store in Chadstone Shopping Centre. Over the last 3 months you have had unexplained stock losses and believe
You are a manager of a footwear store in Chadstone Shopping Centre. Over the last 3 months you have had unexplained stock losses and believe that someone is stealing the footwear and reselling the products on ebay.
- Please provide 3 preventive internal controls you can implement to stop the loss of inventory. Your preventive controls should take into consideration that you are also trying to detect the theft of stock.
- Outline two detective internal controls that will indicate that inventory is being stolen and that the stock losses are not due to recording errors.
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