Writing off inventory and other assets is a relatively common way for fraudsters to remove assets from the books before or after they are stolen.

Question

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Writing off inventory and other assets is a common way for fraudsters to hide the theft of these assets. By removing these items from the books, fraudsters can make it appear as if they were never there, making it harder to detect the fraudulent activity. However, proper controls and audits can help prevent and detect these types of fraud.

Writing Off Inventory and Other Assets Is a Relatively Common