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Posts Categorized: Forensic Accounting

Take Some Time (Off) to Help Prevent Fraud

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. While your fraud deterrence program should be on the job 24/7, you should require your employees to regularly take vacations. It’s… Read more »

The Impact of Different Conventions for Projecting Future Damages, Part I

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of business valuation and other forensic accounting services in Philadelphia and the Delaware Valley. This is the first of two blogs on how to accurately and fairly calculate financial damages and losses.  When calculating damages for… Read more »

To Survive a Disaster, Have a Recovery Plan in Place

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. Hurricane Matthew, in addition to tragically killing more than 900 people this past week, is believed to have caused between $4… Read more »

Keeping Non-Profits and Charities Safe from Fraud

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. While non-profit organizations and charities spend most of their time helping people and providing valuable services, fraudsters often are busy helping… Read more »

Need short-term help with accounting issues? You might need an outsourced CFO

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 number of businesses in the small-to medium-size range often have an accounting manager or controller take care of routine financial… Read more »

Arbitrating Inheritance Battles an Important Role for Forensic Accountants

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. “She has more pie than I do!” “It’s his turn to do the dishes!” “Why do they get to stay up… Read more »

Forensic Accountants Help Keep Divorce Proceedings Equitable

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. The end of a marriage never is easy. Besides the obvious emotional issues and possible child custody decisions, there are assets… Read more »

Strangers in Strange Lands: Avoiding Fraud on Foreign Soil

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. You are looking to expand your company by either opening an office or manufacturing facility abroad, or you want to… Read more »

Untrustworthy ‘Trusted’ Employees Can Strike at Any Time

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. Every company or organization has them: “Trusted” employees. These are the long-time, seemingly loyal men and women whose work and… Read more »

It’s Your Choice: Pay to Deter Fraud, Or Pay Fraud Losses

We rotate and change the tires on our cars, we have insurance on our homes, we try to eat healthy and stay active. Why? To prevent bad things from happening in the future. It’s the same for a business owner and business fraud, said David Anderson, principal of David Anderson & Associates, a Philadelphia forensic… Read more »

The Consequences of Not Remitting Collected Taxes

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. Almost every organization is responsible for collecting and remitting taxes. These taxes, which occur on the Federal, state, county or… Read more »

The Serial Nature of Fraud

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. Serial crimes, such as murder and arson, have certain characteristics in common with fraud. According to Certified Fraud Examiner David… Read more »

Eliminating Opportunity Is Crucial to Fraud Deterrence

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. Opportunity – the ability for fraudsters to carry out the misappropriation of cash or other company assets – is one… Read more »