Loss Prevention Audit Checklist

This Loss Prevention Audit Checklist is a tool for retailers to monitor operational security, to prevent loss from theft, fraud, waste and errors.

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Retail
Loss Prevention Audit Checklist

Product

Staff

Physical Security

Cash Handling

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Checklist by GoAudits.com – Please note that this checklist is intended as an example. We do not guarantee compliance with the laws applicable to your territory or industry. You should seek professional advice to determine how this checklist should be adapted to your workplace or jurisdiction.

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Loss Prevention Audit Checklist

This Loss Prevention Audit Checklist is a tool for retailers to monitor operational security, to prevent loss from theft, fraud, waste and errors.

1. Are high-theft items merchandised appropriately?

2. Are showcases operational and secured?

3. Does every item have a hang tag or barcode?

4. Does merchandise have a security tag system in place?

5. Are there regular inventory counts across locations?

6. What was the date of the last inventory audit?

7. Are all delivered products matched to invoices or packing slips?

8. Are all damaged or defective products kept in a single location?

9. Are damaged or defective product disposal tracked and reviewed?

1. Does the location promote the business abuse line and open door policy?

2. Does the location have the local non-emergency phone number posted?

3. Are written policies for loss prevention present?

4. Does the location have regular discussions on loss prevention?

5. What was the date of the last LP training session?

6. Are there criminal background checks on new associates?

7. Is a written code of conduct issued to each associate?

8. Do staff understand the refund policy?

9. Are staff voiding their own transactions?

10. Are staff restricted from performing self or family purchases?

11. Do staff greet customers upon entry?

12. Do staff understand how to handle damaged or defective products?

1. What was the date of the last LP audit?

2. Does the location have a key control log for all business keys?

3. Are locks changed when a key is lost or stolen?

4. Does the location have a functioning alarm system?

5. Does each associate have their own alarm code?

6. Does the location not allow non-associates in the store outside of operating hours?

7. Are non-associates not allowed in offices or stock areas?

8. Are register (POS) keys kept in a sealed and secured location?

9. Do associates have individual IDs and Passcodes to the POS?

10. Are only Managers/Supervisors allowed to conduct “high-risk” transactions on the POS?

11. Does the location change passcodes at scheduled intervals?

12. Is there a camera covering every POS station?

13. How many security cameras are offline or down?

14. Does the loading or delivery area have a working camera?

15. Are public washrooms monitored and are “no merchandise allowed beyond this point” signs in place?

1. Is the amount recorded in the cash float?

2. Does the location conduct cash register audits at scheduled intervals?

3. Does the location have shortages/overages throughout the month?

4. Is there a shortage/overage log for each register?

5. Does a location manager audit paperwork at regular intervals?

6. Is the monthly POS activity of each associate reviewed?

7. Does the location not allow phones at the POS or Workstations?

8. Are shift sales by associates monitored?

9. Does the location have a camera/recording system over POS?

10. Is the POS/workstation always within view of staff?

11. Are cash drops being done throughout the day as needed?

12. What was the date of the last safe check?

13. Does the location have a camera/recording system in the stock area?