Fraud Detections, Preventions and Management in Stores/Warehouses in an Emerging Economy

Abstract

This paper work is centered on fraud detections, preventions and management in a store/warehouse in an emerging economy and it can be revealed that fraud and related misconduct involves a willful or deliberate act with intention of obtaining an unauthorized benefit. The stores in most organization in are which all kinds of materials needed for function is therefore basically concerned with holding stocks. The finding revealed that theft of that, entry to warehouse and storage are should be controlled through a single door/gate and no unauthorized person should be allowed inside the warehouse/storage area, and key of all warehouse/storage areas should kept in safe custody under the control of the store manager, stores, it is paramount that all items having a shelf-life must be tagged indicating data or receipt and expiry data.