Event Sponsors
Date and Time
Thursday Dec 8, 2011
7:30 AM - 8:45 AM CST
December 8, 2011
7:30 - 8:45 a.m.
Location
West Wind Supper Club
709 N. Main St.
River Falls, WI
Fees/Admission
Chamber Members $15.00
Non-Members $20.00
Contact Information
Drucilla 715-425-2533
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Business Breakfast Fraud in the Workp...
Description
Fraud in the Workplace
Small businesses can be targets of fraud and deception too. According to the American Institute of Certified Public Accountants (AICPA), small and midsize companies suffer a greater share of fraud losses than do the largest companies.
The current statistics for fraud in the workplace are staggering (source: ACFE Report to the Nations):
- The typical organization loses 5% of revenue due to occupational fraud;
- The median loss per case was $160,000, and it took an average of 18 months for it to be uncovered;
- Fraud is much more likely to be detected by tips, than by any other means;
- Smaller companies are disproportionately victimized by fraud, as they usually lack a sufficient level of checks and balances;
- Fraud is more likely to be committed by a single individual, without a prior history of fraud, who often raises a red flag because they are living beyond their means and are experiencing financial difficulties.
Join us for this Business Breakfast as Associated Bank’s Corporate Security Officer shares the most common fraud schemes, how everyone can help prevent fraud in the workplace and best practices for small businesses.
Click here for flyer.
