How do you capture invisible losses?

[Hate2Wait]

We need to take help of the experts, internal auditors and if we can afford then its best to hire a chartered accountant and avail their services

 

[Starmix]

There are ways to capture losses in business, but for sure, only the in-house internal auditor can make it. An internal auditor has the capacity to detect fraudulent activities of some employees and even from the board.

 

[Hate2Wait]

Most companies these days have hired chartered accountants and some are even hiring cost accountants that help them reduce the cost of their operations and that actually helps

 

[Augusta]

if you can afford it then you should try to bring in auditors to audit they would easily see through to capture these losses

 

[Starmix]

Invisible losses could also be captured by the business owner even without the help of an internal auditor. It could be viewed through weekly inventory,