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Posts By: Steve

Cash Transactions Can Be Tricky When Valuing a Business in a Divorce

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services including fraud investigation and fraud deterrence programs in Philadelphia and the Delaware Valley. The decision to end a marriage is a messy affair that becomes undoubtedly more complicated when the division of… Read more »

Thinking of Hiding Cash Transactions? Forensic Accountants Will Find Them

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. Some owners of businesses that receive payment in cash for a significant amount of sales (primarily retail businesses)… Read more »

Forensic Accounting Experts Help with Business Valuation in Divorces

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services including fraud investigation and fraud deterrence programs in Philadelphia and the Delaware Valley. There’s nothing simple about a divorce. Even a seemingly easy marriage dissolution can have its complications. When you factor… Read more »

Forensic Accounting Experts Ease Divorce Valuation Issues

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services including fraud investigation and fraud deterrence programs in Philadelphia and the Delaware Valley.  When determining the value of a business is at the heart of divorce settlement calculations, coming to an agreement… Read more »

Are Banks Unwittingly Facilitating Small Business Fraud?

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley.  Several frauds that I recently investigated have been strikingly similar.  In each case, a trusted employee misappropriated funds… Read more »

Don’t Keep This to Yourself: Trade Secrets Have Value

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley.  Business valuation experts often are asked to value intangible assets of companies.  A major component of such assets… Read more »

Not All Financial Statements Are “Associated” With Reliability

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley.  When you learn a company is “associated” with an accounting firm, don’t automatically assume the financial statements that… Read more »

Don’t Underestimate the Importance of Contingency Planning

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. Many businesses have no disaster or contingency plans in place.  Others have only disaster plans to address such… Read more »

Let Potential Fraudsters Know You Have an Eye on Them

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. It might not exactly be Big Brother, but letting your employees know you are watching them and have… Read more »

Petty Cash Fraud Can Be Anything but Insignificant

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. When it comes to the relatively small amount of money that’s kept in your company or organization petty… Read more »

Cut Down on Expense Reimbursement Fraud with These Forensic Accounting Tips

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. One of the most insidious types of fraud affecting small and large corporations and organizations is expense reimbursement… Read more »

Knowing “The Fraud Triangle” Can Keep Employee Fraud at Bay

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. While there are many facets to fraud deterrence, there is a seemingly simple approach to this unquestionably complex… Read more »

Detailed Financial Data Plays Critical Role in Litigation Support, Expert Witness Testimony

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. A forensic accounting expert in Philadelphia or elsewhere in the U.S. often requires very specific, detailed financial documents… Read more »