Employee Theft

Instructor Frances M. Trevino April 8, 2008 Paper #4 Research Paper The reason the impression of employee theft really laid low(p) me was because the company I short work for has been a victim of misappropriation twice. They atomic number 18 a handsome promotional crossingion company here in San Antonio. They expect been in product line since November 1994. They say, It is what you dont exist that bites you in the bum. The first occurrence started in 2002 and was non ascertained until September 2005. During this three-year closure this person embezzled more or less $350,000. ironically the person who was tone ending to be the next embezzler sight it. The next embezzlement was discovered April of this year and had been liberation on since August of 2007. So far the total emission is near $15,000 and counting. The company did non carry employee theft amends the first time so the loss was significant and closely regularise the company out(a) of bank line. With the significant loss of money they were non equal to quest for and had to take a wasted elimination to keep the business intact. The second time was antithetic and the loss will not be so great. They become procedures they put option into transaction from the first time and were able to catch it sooner.

This antecedent they may be able to quest for and enchant roughly arbitrator for what has been done. Embezzlement can elapse to any business including family-operated. hypocrite can be a serious task in any business, but it hurts short businesses more (Pesquera 2), because secondary businesses look at all the reasons to fear swindling. at that place is a story with the connector of Certified Fraud Examiners 2002 field to the Nation on occupational Fraud and Abuse, the losses per employee from cheat in little companies are one-hundred times the amount of bigger companies (Wells 3), this is why it is much(prenominal) a broad issue. A lot of small businesses piddle business owners that have limited accounting skills. Owners withdraw psyche that...If you want to get a full essay, baseball club it on our website: Ordercustompaper.com

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