Hunting for misplaced “goods” – Fraud experts can help recover lost items

Description

Abstract: One of the most difficult administrative tasks for retailers, manufacturers and contractors is keeping tabs on their inventory. New items are purchased from suppliers, items are sold to customers, obsolete and damaged items are written off, and markdowns periodically occur. Tracking work-in-progress inventory, if applicable, only adds to the complexity. This article explains how a fraud expert monitors inventory and exposes any irregularities — and may advise hiring an outside inventory firm to perform the count and value the inventory.