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Article: Financial Fraud Rising - Experts To Outline Prevention Steps
- Article from:
- U.S. Newswire
- Article date:
- October 13, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: NATIONAL EDITORS
Contact: Eric B. Gordon, Assistant Vice President for
Communications of The American College, +1-610-526-1450
BRYN MAWR, Pa., Oct. 13 /PRNewswire-USNewswire/ --Financial fraud
can devastate a business. According to the Association of Certified
Fraud Examiners, U.S. businesses lose about $660 billion annually as
a result of employees who 'help' themselves to company fund, often
with the assistance of co-workers. Another survey by Auditors, Inc.,
found that as many as 40 percent of small business owners are
embezzlement victims.
In an effort to give business owners and managers practical
information they need to combat this epidemic of fraud, The American
College, the ...