Understanding Varieties of Occupational Fraud

The Association of Certified Fraud Examiners (ACFE) issues an annual report which examines closely trends in occupational fraud, amongst other types of fraud. ‘Occupational fraud’ refers simply to any sort of theft or embezzlement which is conducted by an employee of an organization, in a manner which exploits their position in that organization. The term ‘occupational fraud’ covers not only someone working in the stock room regularly slipping merchandise into their personal backpack, but also “Office Space” style schemes.

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An Efficient Loss Prevention Auditing Approach

Remember your losses, and remember them well. This is one of the most powerful tools you can employ to reduce shrink loss. If you have a comprehensive, recorded, data-driven approach to understanding where, why, and how shrink is occurring in your stores, you will be vastly better equipped to deal with that shrink.

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