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You would be shocked by how much large companies can loose as a result of fraud and inventory loss without reporting. Typically companies establish a percentag
by patcheudor 9y ago
You would be shocked by how much large companies can loose as a result of fraud and inventory loss without reporting. Typically companies establish a percentage of revenue which when surpassed triggers disclosure. It's usually in the 1% neighborhood. Alphabet reported $89.5 billion in revenue in just 2016 & this fraud reportedly took place over two years. In other words, not even close to what most companies would consider reportable from a percentage perspective.