How can a small business owner prevent employee theft?

What will be an ideal response?

Answer: The owner sets the organizational tone for security. A complete set of security controls, procedures, and penalties should be developed and enforced. Physical breakdowns in security invite employee theft. Open doors and windows, poor key control, and improper cash controls are major contributors to the problem of employee theft. Employers can build security into their businesses by screening and selecting employees carefully. Orientation programs also help the employee to get started in the right direction. Internal controls, such as division of responsibility, spot checks, and audit procedures, are useful in preventing employee theft.