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Posts Categorized: Fraud Deterrence

Forensic Accounting Measures to Combat Restaurant Fraud Can Nourish Your Bottom Line

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 National Restaurant Association reports that each year restaurants lose between $3 billion and $6 billion to employee fraud. Recent surveys,… Read more »

Avoid These Five Common Mistakes When Valuing a Business – Part Two

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services including business valuation, fraud investigation, and fraud deterrence programs in Philadelphia and the Delaware Valley. Our two-part study of the most significant mistakes made while performing a business valuation concludes as Philadelphia… Read more »

Avoid These Five Common Mistakes When Valuing a Business – Part One

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services including business valuation, fraud investigation, and fraud deterrence programs in Philadelphia and the Delaware Valley. While, in most cases, a business valuation process follows proper professional procedures, there are times when a… Read more »

Ferreting Out Highly Questionable Meal and Entertainment Expense Deductions

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. In forensic accounting cases involving marital dissolution or disputes between shareholders or businesses, one of the most-often-abused financial categories – says… Read more »

A Declaration for Independence of Expert Witnesses

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. Contrary to what some people think, expert witnesses in litigation are not supposed to be advocates for the side that hired… Read more »

Properly Evaluating the Credibility of Forensic Investigation Interviewees

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 key part of any fraud or forensic-based investigation – says David Anderson, principal of David Anderson & Associates, a Philadelphia… Read more »

Beware The Prodigal Son – Or Daughter – Who Might Be Tending Your Flock

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. You are, no doubt, familiar with the parable of the Prodigal Son. One of two sons asks his father for his… Read more »

Preventing Employee Fraud Starts with Your Corporate Culture

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 recent fraud investigation of a privately held company focused on a CFO who had spent years following the directives of… Read more »

Protect Your Data from Fraud and Theft with More Than Just Passwords

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. In last week’s blog, I discussed how using secure passwords can help protect your data from fraud and… Read more »

A Secure Password Can Help Keep Your Data Safe

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. The list of major corporations hit by a crippling data breach is legend; it seems no business is… 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 »

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 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 »