Workplace fraud: spotting it and preventing it

A recent national study estimated 5 percent of the total gross domestic product in the USA is lost due to fraud. That percentage may seem low, but couple it with the realization that a $5,000 cash shortage can destroy a business with $100,000 annual revenue and a much clearer picture emerges.

 

The Aiken Chamber of Commerce and Greater Aiken SCORE will host a workshop Aug. 26 for small-business owners titled Fraud in the Workplace and How to Prevent It.

 

Topics covered will include:
  ~ Fraud - Where it Can Happen and Be Hidden
  ~ Examples of Fraud -- Large, Small or Local
  ~ Fraud Prevention Tips for Business Owners

 

Julia Walker, licensed CPA and local SCORE small business counselor, will be the presenter. Walker is experienced in locating fraud while working with clients’ records and notes that in most cases the fraud could have been prevented.

 

The seminar is offered at no-cost and will be held at the Greater Aiken Chamber of Commerce, 121 Richland Ave. E., Friday, Aug. 26, 9:30 to 11 a.m. Doors open at 9:15 a.m.

 

Those interested in attending may register online at www.greateraiken.score.org or by calling the Aiken Chamber office at (803) 641-1111.

Greater Aiken SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow and succeed in Aiken, Barnwell and Edgefield counties. SCORE is a partner with the Greater Aiken Chamber of Commerce and has provided no-cost mentoring to small-business owners in the area since 2004. Modest annual funding from the Small Business Administration is augmented by generous contributions from local SCORE business sponsors, including: Allegra Marketing, Print & Web, Floyd & Green Fine Jewelers, Security Federal Bank, and Southern Bank and Trust.

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