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Please join us for the upcoming Women Business Leaders Success Studio Workshop. KeyBank and Jones & Roth CPAs and Business Advisors will present low cost or no cost internal control methods you can implement to prevent fraud in your organization. You will also learn tips on how to detect fraudulent activity.

Business fraud is on the rise and the statistics are a cause for concern*:

• The median loss caused from occupational fraud is $160,000. The typical organization loses 5% of its annual revenue.
• Small organizations are disproportionately victimized by occupational fraud due to their lack of internal controls.
• The fraud activity lasted a median of 18 months before being detected.
• More than 80% of the frauds were committed by individuals in one of six departments: accounting, operations, sales, executive/upper management, customer service or purchasing.
• More than 85% of fraudsters have never been previously charged or convicted for a fraud-related event.

* Association of certified Fraud Examiners, 2010 Report to the Nations.