10 No-Cost Ways to Reduce Financial Fraud Risk

May 20, 2022, Cottage Grove, MN — Each year United States businesses lose over 5% annual revenue due to fraudulent accounting practices and embezzlement. Small business owners are invited to attend an anti-fraud workshop to learn 10 No-Cost Ways to Reduce Financial Fraud Risk. “Financial fraud closes companies, eliminates jobs, and damages the perceived integrity of the U.S. market. If we can prevent one company from experiencing this, our workshop will be a huge success,” said Abigail Grenfell, MBA, CFE, CIA, CPA, President, Internal Control and Anti-Fraud Experts, LLC.

Ms. Grenfell, a forensic accountant with a proven track record of felony convictions and guilty pleas, developed this small business workshop specifically for the Cottage Grove Area Chamber of Commerce, Women in Business group to help raise business owner fraud risk awareness. The workshop will be offered Friday, May 20, 2022, from 8:00 a.m. – 9:30 a.m. (doors open at 7:45 a.m.). Held at the Cottage Grove City Hall Training Room. There is no charge to attend the workshop, and registration is required. www.cottagegrovechamber. org “So many different women professionals, including those in the for-profit and non-profit sectors, may benefit from attending this workshop. Small business owners and non-profit leaders, finance professionals, senior leadership at churches, etc. are all welcome to attend. We are offering this workshop as part of our Women in Business group. We want businesses to succeed and not be part of that annual statistic of U.S., annual revenue lost due to fraud,” said Laurie Levine, Executive Director. “Fraud begins small and warning signals are often ignored. By the time it’s discovered, it has grown substantially and has occurred over a period of time. Small businesses and non-profit organizations are at greatest risk. This workshop can help leadership recognize those early warning signs and implement procedures that can hopefully deter and prevent the events from occurring. I’m happy to see the Women in Business group sponsor this valuable education effort for our local women business professionals”, Ms. Grenfell emphasized.