‘Retail Operations’ Posts

 

Hey, you got a receipt for that stuff?

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While Manager of Internal Audit at the supermarket company, I was informed that the Loss Prevention Department had heard rumors of odd goings-on at one of the drugstore locations. It sounded like there were “after hours” (the stores all closed at p.m.) “parties” and perhaps other naughtiness. Generally, Loss Prevention took care of things like […]

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Book Report – Other People’s Money, A Study in the Social Psychology of Embezzlement by Donald R. Cressey

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The Free Press, Copyright 1953, 157 pages This book was written almost 60 years ago. It is still frequently, if not always, cited or referred to in some manner during any discussion or class that deals with fraud. I decided to examine the source for myself. He attempts to follow proper design and procedure for […]

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Time Card Fraud

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It’s common for employees to cheat their employer out of time by coming in late, leaving early, and having someone else clock you in and out. But it can be a 2 way street.   We were notified by a store manager that there was some institutional and organized monkey business happening with employee time […]

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What? Another Bad Bookkeeper?!

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Again I was with the supermarket company which had about 100 stores, and it was time to perform some interim audit testing for the external CPA firm. Now, a supermarket company is generally a low risk audit. Assets are easy to verify, the sales are all cash, inventory turns over quickly – there are not […]

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