Standard Practice for Assessing Loss, Damage, or Destruction of Property
1.1 This practice covers the assessment of loss, damage, and destruction (LDD) of property, assets, or material. LDD occurs when such property is found to be missing, damaged, or destroyed. Such discoveries often are made as a result of a physical inventory, an analysis of material used, or routine audits.
1.2 Some occurrences of damage and destruction are the result of natural disasters or other incidents beyond the control of the company, agency, or institution, and are not subject to the standards in paragraph 7. However, the reporting of such instances in accordance with paragraph 8 is still required.
1.3 Some occurrences of LDD are a result of natural degradation or other incidents of fair wear and tear and are not addressed as a part of this practice.
1.4 Loss, damage and destruction, while three completely different occurrences, are addressed as one in this standard. For the purpose of this standard, reporting and evaluating loss, damage and destruction are the same.
1.5 Loss, damage and destruction are key aspects of risk management. Projecting the possibility or probability of LDD, reporting and managing, and minimizing LDD is a critical and economic factor in the success of any endeavor.
Please first log in with a verified email before subscribing to alerts.
Your Alert Profile lists the documents that will be monitored. If the document is revised or amended, you will be notified by email. You may delete a document from your Alert Profile at any time. To add a document to your Profile Alert, search for the document and click “Add to Alert”.
Your Alert Profile lists the documents that will be monitored. If the document is revised or amended, you will be notified by email. You may delete a document from your Alert Profile at any time. To add a document to your Profile Alert, search for the document and click “Add to Alert”.
ADD ALERT
Already Subscribed to this document.
Your Alert Profile lists the documents that will be monitored. If the document is revised or amended, you will be notified by email. You may delete a document from your Alert Profile at any time. To add a document to your Profile Alert, search for the document and click “Add to Alert”.
PDF DOCUMENT FORMAT
Documents sold on the ANSI Webstore are in electronic Adobe Acrobat PDF format , however some ISO and IEC standards are available from Amazon in hard copy format.
DRM PROTECTED DOCUMENTS
Some PDF files are protected by Digital Rights Management (DRM) at the request of the copyright holder. You can download and open this file to your own computer but DRM prevents opening this file on another computer, including a networked server.
Some copyright holders may impose other restrictions that limit document printing and copy/paste of documents.
NON PRINTABLE DOCUMENTS
Those documents cannot be printed at the request of the copyright holder.
We have no amendments or corrections for this standard.
Are the documents at the ANSI Webstore in electronic Adobe Acrobat PDF format only?
Documents sold on the ANSI Standards Store are in electronic Adobe Acrobat PDF format.however some ISO and IEC standards are available from Amazon in hard copy format.
