Supply Chain Fraud - Fixed Asset Frauds
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The misappropriation of fixed assets can
occur almost anywhere in the supply chain, and extends to office
equipment as well.
When fixed assets are
misappropriated, they are either stolen or used for purposes other than
what they were designated for. (This includes not only misuse but
also overuse.) The misuse
(or overuse) of an asset can damage it or reduce its useful lifecycle. A good fixed asset management program, even combined with a preventative maintenance program, can help ensure assets are utilized to the fullest extent of their useful lives, and perhaps even beyond. |
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