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AOF seniors attend fraud training seminar

October 24, 2012

AOF seniors at fraud trading seminarMonticello High School Academy of Finance seniors Annie Purcell, Ian Faria, Matt Kerendian, Brianna Cruz and Caitlin Radlein recently attended "Don't Get Burned" - Fraud Detection and Prevention Seminar for the Not-For-Profit Sector, a training seminar offered by the Office of the State Comptroller.

The event was sponsored by the Mid-Hudson Chapter of the New York State Society of CPAs and the United Way of Sullivan County.

The seminar was held at the Michael Ritchie Big Barn, a Center for Discovery property.

AOF senior Matt Kerendian said, "I learned that a nonprofit organization is very susceptible to fraud, and to prevent future "fraudsters" they should trust their employees but verify the work they have done."

Annie Purcell, another AOF attendee and accounting student, said, "The seminar was a very valuable experience in that it allowed us to see the real world application of information we have discussed in our Academy of Finance classes. We saw how having knowledge of fraud detection and prevention is becoming a necessity for businesses in today's world. It was definitely a valuable experience and all of us were really appreciative of the invitation."