Decision Insight
Asset Control Long – term assets must be safeguarded against theft, misuse, and other damages Controls take many forms depending on the asset, including use of security tags, the legal monitoring of rights infringements, and approvals of all asset, disposals. A Study reports that 44% of employees in operations and service areas witnessed the wasting, mismanaging, or abusing of assets in the past year (KPMG 2009). Another 21% in general management and administration observed stealing or misappropriation of assets.