Wednesday, October 10th, 11:15 AM – 12:00 PM
Fraud – The Hidden Expense on the Income Statement
According to the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose 5% of their annual revenues to fraud–that translates to approximately $930 billion in losses! Small businesses (less than 100 employees) suffer higher instances and higher losses ($150,000 average) than larger companies. What should you look for to know if someone is stealing from you? What should you do if you are a victim of fraud? See how typical frauds occur and learn procedures you can implement to reduce your chances of becoming a victim of fraud.
About Michael Bohinc
Michael Bohinc is a Certified Public Accountant in Cleveland, Ohio and the owner of Keeping Score, Inc., a CPA firm. Michael is also the Chief Financial Officer of Norhio Plumbing, Inc., his family’s plumbing company in Aurora, Ohio and has served in that position since 1988.
Michael has presented business and financial management seminars to many trade industry groups across North America. He is a regular speaker / instructor for the PHCC-NA Educational Foundation. He is also an advisor for the Service Nation Alliance.
Michael has received the following awards in recognition of his work and service:
- Contractor’s Service Award from the Ohio Plumbing, Heating, and Cooling Contractors (PHCC) for his years of dedicated service to the PHCC, the industry and the community. He is the youngest to ever receive this award.
- Servant Leader Award from the Service Roundtable. This award is rarely presented. It recognizes outstanding individuals who lead through service to their industry and the people in their industry. He is the youngest to ever receive this award and joins a distinguished group that includes industry icons like Frank Blau, Tom McCart and Ron Smith.
Michael writes a regular column called “Keeping Score” for the Ohio PHC Magazine. Michael has been interviewed for articles that have appeared on Forbes.com. He has also had articles published in Plumbing & Mechanical Magazine, Contractor Magazine and Contracting Business to name just a few.