An ARC accredited agent is liable for the losses incurred as a result of ticket stock theft if...

An ARC accredited agent is liable for the losses incurred as a result of ticket stock theft if...

• A. An employee of the agency steals the ticket stock
• B. A customer steals the ticket stock
• C. A courier loses a package
• D. The agency misplaces the stock

Answer: (A)

Ticket stock is a valuable asset kept under the agency’s control, so any loss due to theft inside the organization falls on the agency. When an employee of the agency steals the ticket stock, it shows a breakdown in internal controls, and ARC expects the agency to bear that loss because the person with authorized access abused their position. External theft by a customer or loss by a courier involves parties outside the agency’s direct control and is not treated the same way for liability. Misplacing stock is an internal inventory issue, not a theft by someone with authorized access. So the agency’s liability arises specifically when the theft is committed by an agency employee.

Ticket stock is a valuable asset kept under the agency’s control, so any loss due to theft inside the organization falls on the agency. When an employee of the agency steals the ticket stock, it shows a breakdown in internal controls, and ARC expects the agency to bear that loss because the person with authorized access abused their position. External theft by a customer or loss by a courier involves parties outside the agency’s direct control and is not treated the same way for liability. Misplacing stock is an internal inventory issue, not a theft by someone with authorized access. So the agency’s liability arises specifically when the theft is committed by an agency employee.