The Controversy Of Employee Theft In The United States

Company X is committed to providing education for each employee to report unethical behavior and resolve conflicts without fear of retaliation. One such example would be the need to report employee theft. Employee theft is not only unethical but could also be criminal in nature. Regardless of employee status (entry level or upper management), each employee should feel it their responsibility to report any unethical behavior they observe. Employee theft can range from theft of money, time, office supplies or merchandise to providing proprietary information to unauthorized entities. These activities can result in a negative public image of Company X and should be reported as quickly as possible. Prior to reporting such offenses, each employee should ensure the accuracy of the evidence they will be reporting. There are various methods to report such abuses including but not limited to an anonymous toll free hot line number, verbal or electronic reporting to the local Human Resources office and the open door policy which encourages employees to approach members of management without the fear of

Employee theft is one of the major problems in parking industry. In 2012, more than 10 employees have been fired in relation to theft at Imperial parking, Seattle branch. Parking lots are potential feeding ground for thieves. The most common form of employee theft at parking lots is stealing cash from the cash register. For instance, in 2012, three parking attendants have been charged with stealing at least $400,000 in parking fees collected at a parking lot for the Smithsonian Institutions, in

Throughout most sources, though, it is clear to see that employer fraud is the most prevalent and costly type of fraud. Employer fraud includes a number of schemes used by employers to reduce the number of workers' compensation insurance premiums by underreporting payroll, misclassifying employees' occupations and misrepresenting their claims experience. According to the National Council on Compensation, the most common frauds include:

The employee would be no better off than before they stole the cash because their check will eventually be cashed and that makes no sense to do something like that.

Recently, San Jose Mercury News reported that a 39-year-old woman was charged with embezzlement. It is alleged that the woman used company credit cards to pay for various personal items, vehicles and trips. She is also accused of using company checks to pay her rent and give herself unauthorized bonuses and overtime. The woman, who worked as an office manager, allegedly stole funds in excess of $1 million over the course of a

Employee theft is a tremendous expense each year and employers believe that these tests will remove the largest potential offenders. Employee theft is a tremendous expense each year and employers believe that these tests will remove the largest potential offenders.

In fraud committed against organizations, the victim of fraud is the employee’s organization. In frauds committed on behalf of an organization, executives usually are involved in some type of financial statement fraud; typically, to make the company’s reported financial results appear better than they actually are. In this second case, the victims are investors in the company’s stock. A third way to classify frauds is via the use of the ACFE’s occupational fraud definition, “the use of one’s occupation for personnel enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets” (ACFE, 2010). The ACFE includes three major categories of occupational fraud: asset misappropriations involves the theft or misuse of the organization’s assets, corruption involves the wrongful use of influence in a business transaction in order to procure benefits contrary to their duty to their employer, and fraudulent financial statements involving falsification of an organization’s financial statements for personal gain.

It is critical for small businesses to make sure that they maintain control over their company and prevent this type of behavior ever being part of the corporate culture. It is important to know that most employees are not inclined to steal and that 80% will only steal due to the opportunity and likelihood that they will get away with it. This temptation can also be applied to business owners and it is important to know the temptations that may arise and cause employers to illegally increase their income as

There are various forms of cash fraud. One of the common schemes is cash larceny. Cash larceny refers to employees intentionally taking away cash from their employer without the employer’s knowledge and consent (Wells, 2014). Employees who have direct access to cash are more likely to commit cash larceny (Wells, 2014). Cash larceny is more likely to occur if there are weak internal controls in an organization. Weak internal controls make it difficult to prevent and detect an occurrence of fraud. This paper seeks to evaluate a recent case of cash larceny by a former employee at Glen Aubrey Fire Company.

When an employee reaches a level of trust with their company and the controls of that company is weak, the employee may assume this is an opportunity to commit the crime and avoid detection.

If I were an employer I would make sure that part of their initial orientation would be a discussion about stealing company property. I would make it very clear that this type of crime will not be

In the case study: Bank Teller Gets Nabbed for Theft. Laura Grove, a bank teller, was convicted of cash larceny in the amount of approximately $16,000.00. Cash larceny is when an employee intentionally takes cash without consent from the employer. There are two different types of cash larceny schemes. Only one is relevant to this case, receipt schemes. This is when thieves simply take the cash without regard to falsifying documents. Receipt Schemes are broken down into two categories. The first one is skimming, in which the funds are not recorded on the company books. The second type of receipt scheme is larceny, which are identified by the theft of money that has already appeared on company books. In this case, skimming occurred when Laura

Employee theft is a crime that is costing U.S. companies a great deal of money. Employee thefts are growing in number, partially because the perpetrators really do not see themselves as criminals and rationalize what they are doing in much the same way as taxpayers rationalize income tax fraud. Employee theft is one of many personnel problems that is easier to prevent than to solve. Prevention should begin before an applicant becomes an employee. Some theft

Over the past two years, corporate America has endured a plethora of fraudulent acts committed by those of high status within their respective corporations, most of which involve internal fraud. Internal fraud has two main aspects, misappropriation of assets and fraudulent financial reporting, with the focus of this discussion lying within the former. Misappropriation of assets is defined as fraud for personal gain. It is the most common type of fraud found among employees and frequently includes theft of cash and inventory.

Need to get be better rewarded: theft is a symptom that managers are not well remunerated. Pocketing the