Theft and ordinary business loss

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Reference no: EM131965048

Often times, a new entrepreneur is excited about getting their venture out to the customer but they don't think in term of internal controls that may help the organization not loose cash from employee theft and in the case of a fashion boutique, shrinkage (theft and/or deterioration).

Considering shrinkage, theft and ordinary business loss (from a tax purpose sense), what policies and procedures can be put in place to assist with protecting the business?

Reference no: EM131965048

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