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Retail loss prevention checklist template

Loss Prevention Audit Checklist

A comprehensive retail loss prevention checklist for reviewing physical security, employee access, cash and POS controls, inventory movement, theft deterrence, surveillance systems, incidents, and corrective action across every store.

About this checklist

What a loss prevention audit should help you verify

Use it to test whether the controls protecting cash, stock, people, systems, and restricted areas are working consistently at store level.

Purpose

Why teams use it

To identify shrink risks before they become repeated losses, validate that policies are followed in practice, and assign accountable follow-up for every material gap.

Coverage

What is included

  • Physical security, access, keys, alarms, and opening or closing controls
  • Employee conduct, POS, cash, refunds, discounts, and transaction exceptions
  • Receiving, stockrooms, high-value stock, CCTV, EAS, and incident response
  • Risk ratings, evidence, corrective actions, escalation, and sign-off
For teams

Who should complete it

Loss prevention or trained retail auditors complete the review, while store, regional, finance, security, HR, and facilities owners receive actions relevant to their controls.

Complete audit checklist

Loss prevention checks across every major retail risk area

Use these 60 checks as a starting point. Adapt risk levels, transaction samples, evidence rules, action deadlines, and escalation paths to your store format, product mix, and loss prevention policy.

01

Audit setup and loss risk context

  • Confirm the correct store, audit type, date, and approved audit window.
  • Record current footfall, promotional activity, staffing level, and any unusual trading condition.
  • Confirm the store manager, loss prevention contact, and security personnel on duty.
  • Review previous audit findings, open actions, and recent loss incidents before starting the inspection.
  • Assign the store a current loss risk level based on location, season, product mix, and recent events.
  • Capture arrival geo-location, timestamp, and an approved exterior reference photo.
02

Exterior, entrances, exits, and physical security

  • Check exterior lighting, visibility, signage, and perimeter conditions around the store.
  • Verify customer entrances and emergency exits are secure, unobstructed, and monitored.
  • Inspect doors, locks, shutters, gates, windows, and glazing for damage or tampering.
  • Confirm delivery, service, and staff entrances are controlled and are not left propped open.
  • Review parking, loading, waste, and other external high-risk areas for concealment or unauthorized access.
  • Confirm alarm keypads, access devices, and security codes are protected from public view.
03

Opening, closing, key, and access controls

  • Verify store opening and closing procedures are completed by authorized employees.
  • Confirm dual-person verification is used for cash, alarm, key, or high-risk access steps where required.
  • Review master key, access card, and restricted key issue and return records.
  • Compare alarm activation and deactivation records with authorized users and expected times.
  • Check stockrooms, offices, cash rooms, server rooms, and restricted doors remain locked when not in active use.
  • Confirm the final security sweep and end-of-day sign-off are completed before the last employee leaves.
04

Employee access, conduct, and internal theft controls

  • Verify employee entrances and restricted work areas are controlled by authorized access.
  • Check bags, personal belongings, lockers, and mobile devices are managed according to company policy.
  • Review employee purchases, discounts, holds, returns, and exchanges for authorization and documentation.
  • Confirm employees use individual POS logins and do not share till credentials.
  • Check controls preventing unauthorized consumption, use, gifting, or removal of stock and supplies.
  • Record suspicious conduct, policy exceptions, or conflicts of interest requiring review.
05

POS, cash, refund, discount, and transaction controls

  • Verify the opening till float is counted, recorded, and acknowledged by authorized employees.
  • Compare physical cash to the POS or safe balance and record any variance.
  • Sample refunds, voids, cancellations, and price overrides for approval and supporting evidence.
  • Check manual discounts, coupons, promotions, and price changes follow approved rules.
  • Review no-sale drawer openings, paid-outs, cash drops, and cash movements.
  • Verify gift cards, store credits, loyalty points, and other cash-equivalent transactions are controlled.
06

Receiving, stockroom, transfers, and inventory shrink controls

  • Match incoming deliveries to purchase orders or advance shipment records before acceptance.
  • Record shortages, overages, damage, and tampering with supporting evidence.
  • Confirm receiving zones, cages, stockrooms, and high-value storage have restricted access.
  • Verify high-value, fast-moving, or theft-prone stock is stored under enhanced controls.
  • Review transfers, returns to vendor, write-offs, disposals, and stock adjustments for traceability.
  • Compare cycle count results to system stock and investigate material variances.
07

Sales floor, high-value stock, fitting rooms, and theft deterrence

  • Verify high-value products are displayed and secured according to the approved control plan.
  • Check EAS, RFID, or other security tags are applied correctly and remain active until purchase.
  • Assess blind spots, concealed zones, shelf layouts, and fixture placement that could increase theft risk.
  • Verify fitting room entry, item counts, occupancy monitoring, and recovery checks follow policy.
  • Confirm customer service coverage is sufficient in high-risk zones and during peak periods.
  • Log empty packaging, tampered products, concealed merchandise, or other suspected theft indicators.
08

CCTV, alarms, EAS, and security system readiness

  • Verify cameras are operational, recording, correctly timed, and free from obstruction.
  • Confirm CCTV retention, export, and user access controls meet company requirements.
  • Test EAS pedestals or theft alarms and verify the expected response procedure.
  • Verify intrusion, panic, duress, and other security alarm status or scheduled test records.
  • Check radios, phones, panic devices, and emergency communication tools are available and charged.
  • Confirm incident forms, evidence storage, emergency contacts, and response instructions are available.
09

Incident handling, evidence, safety, and compliance

  • Verify incidents are reported promptly with factual details, timestamps, and involved roles.
  • Check video, photos, receipts, statements, and other evidence are retained and access-controlled.
  • Confirm suspected theft response follows the approved safe, non-confrontational procedure.
  • Verify escalation to security, police, insurer, legal, or regional management follows defined criteria.
  • Review known-offender, exclusion, or trespass information for currency and lawful use.
  • Check privacy notices, CCTV signage, data access, and information handling follow policy.
  • Confirm incident-related corrective actions have owners, priorities, due dates, and closure evidence.
10

Overall risk, corrective action, and management sign-off

  • Rate overall loss prevention control effectiveness across people, process, inventory, cash, and security systems.
  • Record the three highest loss risks identified and their likely business impact.
  • Create a corrective action plan with owner, priority, due date, evidence, and escalation path.
  • Confirm all immediate critical risks are contained before the audit is closed.
  • Complete store manager and regional or loss prevention reviewer approval with timestamp.

Printable audit template

Take the complete loss prevention checklist with you

Download the PDF with all 60 audit questions, recommended input types, and practical execution tips for stronger retail loss controls.

Download PDF Checklist

How to use it

Turn the checklist into a controlled loss prevention workflow

The questions matter, but the way the audit is scheduled, evidenced, reviewed, and escalated determines whether it actually reduces risk.

01

Target the right risks

Choose routine, targeted, incident-led, or seasonal audits based on location risk, shrink patterns, high-value categories, and open actions.

02

Protect audit integrity

Use geo-fencing, audit windows, authenticated users, live photos, timestamps, and mandatory comments for critical controls.

03

Create accountable action

Automatically assign failed controls to the correct store, finance, security, HR, facilities, or regional owner with a priority and due time.

04

Review patterns

Compare stores, regions, users, transaction types, repeated failures, action closure, and high-risk categories from one reporting view.

Live interactive demo

See how a loss prevention audit works when it is run in Taqtics

Switch between desktop and mobile, complete scored controls, capture readings and live evidence, log findings, assign actions, and submit the audit.

Loss Prevention Audit
Store 014 · Routine quarterly audit
0 of 10 answered

Retail loss control verification

Required fields are used only for this interactive demonstration.

Selected check score: -

1Select the loss prevention audit type

Dropdown

2Are emergency exits secure, unobstructed, and monitored without creating uncontrolled access?

Critical Scored single answer

Selecting "Non-compliant" creates a high-priority corrective action with owner, due date, comment, and closure proof.

!
Critical loss prevention action created
Contain the access risk, assign the responsible owner, and attach evidence before closure.
Photo proof Attach evidence of containment or permanent repair

3Record the number of unexplained high-risk transaction exceptions found in the sample

Numeric + validation

Example demo target: 0 exceptions. Configure sample size and escalation thresholds by transaction risk and store format.

4Record the time the CCTV and EAS system verification was completed

Time

5Which high-risk controls were verified?

Multiple answer

6Attach approved live photo evidence of a high-risk control

File / photo upload
Selected loss prevention evidence preview

7Log loss prevention findings and corrective actions

Dynamic grid
AreaControl gapSeverity / ownerRequired action

8Add the audit summary and evidence-based observations

Long answer

9Set the corrective action review date

Date

10Store manager and loss prevention reviewer sign-off

Signature

Use a mouse, stylus, or finger to sign after verifying critical findings, evidence, ownership, due dates, and escalation.

This is an illustrative website demo. It does not send or store responses. Risk levels, sample sizes, evidence rules, action deadlines, access permissions, and escalation paths should be configured to each organization’s approved standards.

Why digitize it

Make loss prevention audits verifiable, immediate, and accountable

Replace disconnected forms and spreadsheets with a controlled workflow for audit integrity, live evidence, critical actions, escalation, and cross-location risk reporting.

Protect audit integrity

Use geo-fencing, audit windows, authenticated users, timestamps, and controlled evidence capture.

Capture proof at source

Collect live photos, counts, transaction references, system checks, comments, and signatures.

!

Contain critical risk

Create immediate actions for unsecured access, cash variance, stock exposure, or failed security systems.

See shrink patterns

Compare repeat failures, transaction exceptions, action closure, risk ratings, stores, and regions.

Frequently asked questions

Loss prevention audit checklist FAQs

What should a retail loss prevention audit checklist include?

It should cover audit integrity, physical security, entrances and exits, keys and access, employee controls, POS and cash, refunds and discounts, receiving, stockrooms, high-value stock, CCTV, EAS, incident response, evidence, corrective actions, and management sign-off.

How do you make loss prevention audits more reliable?

Use geo-fencing, time windows, named users, live evidence, timestamps, numeric validation, transaction references, required comments, critical-question weighting, reviewer approval, and controlled access to sensitive findings.

Which loss prevention failures should be treated as critical?

Typical critical failures include unsecured exits or restricted areas, missing master keys, unexplained cash variance, disabled CCTV or alarms, uncontrolled high-value stock, unsafe incident response, shared POS credentials, and overdue actions leaving an immediate risk open.

How often should loss prevention audits be completed?

Frequency should reflect store risk, shrink trends, product mix, seasonal peaks, incident history, action performance, and control maturity. Brands often combine routine audits with targeted and incident-led follow-up reviews.

What evidence should be captured during the audit?

Depending on company policy, evidence can include geo-location, timestamps, approved live photos, counts, transaction IDs, alarm or system references, access logs, comments, signatures, and closure proof for corrective actions.

How should corrective actions be assigned?

Assign each action to the role that controls the fix, such as store management, loss prevention, finance, facilities, security, IT, HR, or regional operations. Add priority, deadline, proof requirements, and automatic escalation for overdue critical items.

Reduce loss with controlled execution

Run loss prevention audits with evidence, actions, and real-time risk visibility

Schedule audits by store, enforce geo-fencing and audit windows, capture live evidence, escalate critical failures, and compare shrink-control performance across every location.

Printable PDF • Free Taqtics trial • No credit card required