Chapter 14 - Cash Control and Banking

VPD pitches in to help Salvation Army after $25,000 theft

An incident happened on Wednesday night where thieves’ had stolen $25,000 worth of Christmas toys from the Salvation Army warehouse. More than 80 boxes of toys were stolen from the warehouse. This is enough for 1,400 families who is in need of it. Those toys were for the vulnerable citizens of Canada; for them to celebrate a happy Christmas with food and gifts. A drive would be held to buy enough presents for the homeless and starting with a $2,000 donation from the Vancouver Police Department (VPD). The VPD are on their way to solving the case of the stolen assets.

This article of Salvation Army shows that they need a better internal control over their large amount of asset. They are a non-profitable organization but it doesn’t mean that they don’t need a good vault to protect their assets. And what if the drive wasn’t successful in raising enough money cause by the economy is going down and Canadian citizens aren’t in the mood to share their wealth. They shouldn’t let anything slip out of their hands. To prevent something like this from happening again, the accountants can suggest keeping the assets in a safer place (better security), allowing only a few keys for trusted employees, and/or separate the responsibilities between workers.

After reading this article, I felt frustrated by how our society is becoming crueller. In the news I hear people are murdered or there was a break-in. I cannot believe how people can be so ruthless to each other, we are all human beings! Don’t you just wish there were peace around and trust between others again, just like the olden days where there wasn’t evil lurking around? I feel sorry for those homeless people who can’t even celebrate a proper Christmas just because a group a people had taken it away from them. Sometimes adding security isn’t going to solve anything.

http://www.vancouversun.com/pitches+help+Salvation+Army+after+theft/1039239/story.html