What does "loss by theft" refer to?

"Loss by theft" specifically refers to the unlawful taking of government property. This definition is essential in the context of property accountability as it emphasizes the illegitimacy of the action and the impact on property records. In property accountability policies, such as those outlined in AR 735-5, loss by theft is categorized differently than other types of losses, such as those caused by negligence or accidents. When property is stolen, it indicates a breach of security and accountability, requiring immediate reporting and investigation to mitigate further losses and to ensure the proper tracking of government assets. This clear distinction helps in managing accountability and the responsibilities of personnel in safeguarding government property.