Small Business Owners' Strategies to Mitigate Employee Theft PDF Download
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Author: Richard D. Myers Publisher: ISBN: 9785813647185 Category : Languages : en Pages : 0
Book Description
Ineffective strategies and a lack of internal controls to address employee theft can negatively impact small businesses. For most small business owners impacted by employee theft, the loss of resources could be detrimental, and in some cases, force the business closure. Grounded in Cressey's fraud triangle theory, the purpose of this qualitative multiple case study was to explore strategies successful small business owners use to deter employee theft behaviors. The participants comprised 8 small business owners in southeast Florida who successfully used strategic internal controls to deter employee theft and enhance employee trust in the workplace.
Author: Richard D. Myers Publisher: ISBN: 9785813647185 Category : Languages : en Pages : 0
Book Description
Ineffective strategies and a lack of internal controls to address employee theft can negatively impact small businesses. For most small business owners impacted by employee theft, the loss of resources could be detrimental, and in some cases, force the business closure. Grounded in Cressey's fraud triangle theory, the purpose of this qualitative multiple case study was to explore strategies successful small business owners use to deter employee theft behaviors. The participants comprised 8 small business owners in southeast Florida who successfully used strategic internal controls to deter employee theft and enhance employee trust in the workplace.
Author: Norman W. Good Publisher: ISBN: Category : Commercial crimes Languages : en Pages : 234
Book Description
Employee theft, which can be fatal, is a major issue for all businesses. The United States Department of Commerce estimates that 30% of all business failures are a result of employee theft, and previous researchers discovered employee theft disproportionately affects small businesses, which blame their lack of resources as the reason. The Association of Certified Fraud Examiners (ACFE) is considered the leading authority on occupational fraud. It conducts a semi-annual study which supports the theory that small businesses are disproportionately affected by employee theft. However, this group's methodology may be suspect because it collects its data from certified fraud examiners rather than directly from small businesses. The current study explored the ACFE's collection weakness by gathering information directly from small businesses. This research project will present and review previous literature and studies regarding employee theft. The previous literature was used to formulate best practice strategies to prevent and identify employee theft in the workplace, and a 25-question survey was compiled from the best practice strategies. The Ulster Regional Chamber of Commerce partnered with this research project and presented the survey to businesses. The survey confirmed small businesses do not employ as many anti-fraud strategies as their larger counterparts, but the lack of resources appears to be only one reason for the discrepancy. Perhaps equally important is that small businesses do not perceive employee theft as business threats. This study supports the need to educate small businesses about the dangers of employee theft and how to prevent and identify it when it occurs.
Author: Stephen Pedneault Publisher: John Wiley & Sons ISBN: 0470545712 Category : Business & Economics Languages : en Pages : 336
Book Description
"If you don't think that some employees have figured out ingenious ways to steal from businesses, read this book. The real-life examples will change your mind." Joseph T. Wells, CFE, CPA, founder and Chairman, Association of Certified Fraud Examiners "An easy-to-read, but comprehensive step-by-step approach that covers every potential area for employee fraud and embezzlement. Great checklists at the end of each chapter show what steps to put into place for controls and protection. Includes real-life examples that really 'bring the story home.' " Jean L. Conover, CPA, past CEO/CFO, Jefferson Radiology PC "This book is a must-read for seasoned entrepreneurs as well as those considering entering their own business venture. While developed for small business, the risk detection and prevention methodologies presented by Mr. Pedneault are universal to all businesses. The concise checklists provide ready guidance for establishing a complete system of controls." Denise H. Armstrong, CPA, Chief Financial Officer, Sea Research Foundation, Inc. d/b/a Mystic Aquarium and Institute for Exploration "This book is a must for every individual owning their own business. Mr. Pedneault clearly articulates the fraud risks that occur in each business system. In the book, he offers practical advice for internal controls and illustrates the risks with real-life examples." Leonard W. Vona, President, Fraud Auditing, Inc.
Author: Jay P. Kennedy Publisher: ISBN: Category : Languages : en Pages : 351
Book Description
This dissertation was a study of employee theft within small businesses focused upon understanding how these acts affect the owners and managers of small businesses, as well as understanding their perceptions of this problem. The problem of employee theft has received scholarly attention from multiple academic disciplines, and is also a common topic of discussion among business owners and managers, as well as within industry associations. However, employee theft occurring specifically within small businesses has received much less empirical attention, and almost no attention has been given to how these acts affect the owners and managers of small businesses. This study was an attempt to fill these gaps by studying the problem of employee theft within small businesses from the perspective of the owners and managers of those businesses. This study used a mixed-methods process of data collection, which required the collection and examination of quantitative and qualitative data obtained from a sample of small business owners and managers within the greater Cincinnati, Ohio metropolitan area. This study focuses mainly upon how elements of guardianship within the business influence opportunity structures for employee theft. However, when explored from the perspective of the owners and managers of small businesses, this examination of business guardianship also touches upon issues of target suitability and offender motivation. In total, this study provides important and unique information about a topic of importance to many academic disciplines, while also providing useful information for the actual owners and managers of small businesses. This study of employee theft within small businesses represents a valuable contribution to both researchers and practitioners interested in better understanding a serious problem that has the potential to threaten small businesses in the United States.
Author: John Robert Wyman Publisher: Butterworth-Heinemann ISBN: 9780750671620 Category : Business & Economics Languages : en Pages : 214
Book Description
A reference for security professionals who work in or advise small businesses. It addresses the reality of shoplifting, fraud and embezzlement, showing how each incremental loss eats away at profit and success, and discusses how to develop and maintain a loss prevention strategy.
Author: Neil H. Snyder Publisher: Praeger ISBN: Category : Business & Economics Languages : en Pages : 216
Book Description
Employee theft is one of the most pervasive problems faced by businesses today, and it continues to escalate at an estimated rate of 15 percent per year. This volume presents the first full-length guide to the alternatives available to companies seeking to reduce both the actual theft of tangible property and the profits lost through cheating on time cards and expense accounts. The authors offer an in-depth discussion of the safeguards employers can implement, ranging from internal controls to physical security measures, and develop a comprehensive theft reduction strategy aimed at creating a working environment that discourages theft. They also address the legal and ethical problems arising from theft control issues as well as the question of equity in the workplace. The authors agree that a plan for reducing employee theft can only be successful if it focuses on making the work environment unattractive to thieves rather than on simply catching thieves. They offer a practical theft reduction strategy, based on techniques that have proven successful in a variety of firms, that begins with the recruitment process and reaches into every aspect of business operation. In their concluding chapter they discuss what to do when a thief is identified. Five appendixes provide additional information including a guide to hiring and keeping good employees, a study of employee theft by Virginia's Crime Prevention Manual Task Force, an examination of what motivates employees, an internal controls checklist, and a list of dos and don'ts in dealing with employee theft. Human resource managers, small business owners, and executives in large corporations will find this volume an invaluable asset in their efforts to confront the growing problem of employee theft.
Author: William Johnson Howell Publisher: ISBN: Category : Employee theft Languages : en Pages :
Book Description
The effects of employee theft can become detrimental when small businesses are their target. Small businesses are prone to employee theft through limitations solely defined by being a small business. The purpose of this research project was to present information that could be valuable in the elimination of employee theft. The research presented a questionnaire to examine the employees' attitudes of reporting employee theft of the selected small business. The research compared two common strategies used for reporting employee theft. Through analysis of these strategies, the more effective reporting strategy would be determined.
Author: Bill Wise Cpp Publisher: Bill Wise CPP ISBN: 0578004690 Category : Business & Economics Languages : en Pages : 324
Book Description
Competitive Advantage - NEW THIRD EDITION! Where you can learn how the loss prevention policies, procedures and programs used by large international corporations can be adapted to fit any sized organization...even yours! Can your business gain a Competitive Advantage through a Loss Prevention Program? Every business with employees, retail customers, deals with cash and inventory; factors in "shrink" as an ordinary business write-off. This "planned loss" can be greatly minimized through proper loss prevention tactics and tools. The result is an increase in dollars to the bottom line. Businesses that generate more profits gain a Competitive Advantage! This book will tell you how to do it. As a business owner, it's the best $39.95 you will ever spend!
Author: Ron Jennings Publisher: ISBN: 9780964018303 Category : Employee theft Languages : en Pages : 132
Book Description
"EMBEZZLEMENT ALWAYS INVOLVES A TRUSTED EMPLOYEE." This insight reminds business managers & small business owners why they need this book. Those not in a position of trust have no OPPORTUNITY to steal. The vast majority of employee thefts begin as a series of small transactions which grow out of a system of poor internal controls. Employee theft arises from OPPORTUNITIES you can eliminate, monitor, or control through effective internal controls. The U.S. Department of Commerce estimates employee theft to be $40 BILLION annually; the VICTIM is USUALLY SMALL BUSINESS. Consequently, small business owners or managers must become control points. This book helps you do just that. Risk areas are analyzed one by one. STORIES OF ACTUAL EMBEZZLEMENTS illustrate how trusted employees deceived bright, successful entrepreneurs, emphasizing the need for good internal controls. Effective procedures are easily implemented. Action steps are specific & practical. Exhibits offer safeguarding advice & a questionnaire helps you assess your internal controls. This book on EMPLOYEE THEFT helps NON-ACCOUNTANTS establish smart internal controls. To order contact Business Owner Press, 500 North Water St., Ste. 1010N, Corpus Christi, TX 78471 or call 512-884-8894.
Author: Richard D. Myers
Author: Richard D. Myers
Author: Norman W. Good
Author: Stephen Pedneault
Author: Jay P. Kennedy
Author: John Robert Wyman
Author: Neil H. Snyder
Author: Alfred N. Weiner
Author: William Johnson Howell
Author: Bill Wise Cpp
Author: Ron Jennings