According to The Department of Justice, one third of employees perpetrate some degree of employee theft. Knowing exactly what assets belong to your company or Aged Care Facility (and regular spot checks of these items by staff) ensures early retrieval of these assets or immediate reporting to police or insurance companies, where required.
Yes, an asset audit and asset register can help track theft. By conducting an asset audit, a company can create a comprehensive inventory of all its assets, including their location, condition, and value. This information can be used to identify any missing assets or discrepancies in the records.
An asset register can also be used to track the movement of assets within the company. By monitoring changes in the register, a company can identify any unauthorised movements of assets and investigate them further.
Furthermore, an asset register can help deter theft by making it clear that the company is keeping track of its assets and is prepared to take action if anything goes missing. This can act as a deterrent to would-be thieves and reduce the likelihood of theft occurring in the first place.
Overall, an asset audit and asset register are important tools for any company looking to prevent and track theft of its assets.
Comments