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Posts Categorized: Company News

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 »

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 »

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 »

Specialized Software Helps Forensic Accountants Reduce Litigation Costs

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation and fraud deterrence, litigation support, and forensic accounting services in Philadelphia and the Delaware Valley. The use of specialized data-mining software in complex litigation support and forensic accounting engagements can yield significant cost… Read more »

Keeping You Up to Date on The Top Tax Scams

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence programs, and forensic accounting services in Philadelphia and the Delaware Valley. Here, once again, is the annual list released by the Internal Revenue Service of the top tax scams it has… Read more »

Forensic Accountants Help Jurors Understand Complex Information

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence programs, and forensic accounting services in Philadelphia and the Delaware Valley. The task of explaining complex matters to jurors and presenting them with reams of financial information can seem nearly impossible. … Read more »

Calculating the Value of Forensic Accountants in Termination, Discrimination Cases

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence programs, and forensic accounting services in Philadelphia and the Delaware Valley. In many wrongful termination and employment discrimination, attorneys depend on forensic accountants to calculate damages and, if necessary, provide expert… Read more »

Before Selling Your Business, Learn Its True Value

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence programs, and forensic accounting services in Philadelphia and the Delaware Valley. Selling a house is an important decision, one that’s not made capriciously but undertaken only after solid research and planning… Read more »

Forensic Accounting Strategies for Cash Flow Maximization

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence programs, and forensic accounting services in Philadelphia and the Delaware Valley.  Many small businesses engage in an ongoing struggle to keep sufficient cash on hand to finance operations, pay debts, and… Read more »

Firm Forensically Finds Phony, Fraudulent Vendors

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting and marital dissolution services in Philadelphia and the Delaware Valley. A relatively successful and difficult to uncover scheme used by deceptive employees to steal money on the job is creating phony… Read more »

Proposed U.S. Treasury Regulation Could Significantly Change Business Valuations

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of business valuation, fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. For nearly 100 years, business valuators have used Fair Market Value to define the value of business interests.  Fair… Read more »

Meet the New Socially Engineered Fraud: The CEO Scam

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting and marital dissolution services in Philadelphia and the Delaware Valley. John Jenkins was a hardworking and loyal corporate controller for Zest Products, a mid-sized wholesale distributor of cleaning products.  So, when… Read more »