What is the consequence of failing to properly account for property?

Failing to properly account for property can lead to significant consequences, primarily related to potential disciplinary action and financial loss. When property is mismanaged or inadequately accounted for, it creates opportunities for loss, theft, or misuse, which can result in financial penalties for the organization. Additionally, individuals responsible for oversight may face disciplinary measures such as reprimands, demotions, or even termination, depending on the severity of the oversight. Ensuring accurate accounting of property is crucial for maintaining organizational integrity, fiscal responsibility, and operational efficiency, thereby preventing disruptions and losses that could adversely affect overall unit operations.