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 perpetrators of fraud come in all shapes and sizes, demographically speaking. But fraud investigations throughout the years have been… Read more »
Blog
Posts Categorized: Fraud
An Update On the Three Main Types 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. Fraud investigations worldwide reveal that asset misappropriation, corruption and financial statement fraud are the three main types of fraud, according… Read more »
The Latest Trends in Anti-Fraud Controls
David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic accounting services in Philadelphia and the Delaware Valley. As a Certified Fraud Examiner, I belong to the Association of Certified Fraud Examiners (“ACFE”). This international organization has more than 75,000 members in more than… Read more »
Revisiting the Fraud Triangle – A Closer Look at Rationalization
The Fraud Triangle is a troika of troublesome tendencies – Opportunity, Pressure and Rationalization – that often are present when fraud is taking place. In previous posts, David Anderson of David Anderson and Associates, a Certified Fraud Examiner offering forensic accounting services in Philadelphia, has mentioned that if at least one of the three factors… Read more »
Socially Engineered Fraud Is Nothing to LOL About
We are constantly reminded to create difficult-to-guess passwords, change our passwords frequently, install security hardware and software and regularly update our software to protect against cyber-based fraud. However, according to David Anderson, a Certified Fraud Examiner and principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of forensic… Read more »
Revisiting the Fraud Triangle – A Closer Look at Pressure
The Fraud Triangle is a triumvirate of factors – Opportunity, Pressure and Rationalization – that must be present in order for a fraud to occur. In previous posts, David Anderson of David Anderson and Associates, a Certified Fraud Examiner offering forensic accounting services in Philadelphia, has mentioned that if at least one of the three… Read more »
Revisiting the Fraud Triangle – A Closer Look at Opportunity
The Fraud Triangle is a combination of three factors – Opportunity, Pressure and Rationalization – that must be present in order for a fraud to occur. In previous posts, David Anderson of David Anderson and Associates, a Certified Fraud Examiner offering forensic accounting services in Philadelphia, has mentioned that if at least one of the… Read more »
Regular Review of Financial Statements Can Help in Fraud Deterrence
Financial statements issued by companies, government entities or organizations – when reviewed on a regular basis – can help in fraud deterrence. In many situations, though, executive officers rarely check these statements and, in cases where they do, they often do not understand what they are reading. Knowing your financial statements, and understanding what to… Read more »
The Person at the Top Can Best Stop Fraud
As a smart and competent proprietor of a business who has a number of smart and competent people working in key positions, you probably think you might not need to take steps to deter fraud. Everyone knows stealing is bad, correct? It’s also true, you might believe, that you – as the owner, the man… Read more »
General Observations from Interviews with Fraudsters
A key part of any fraud investigation involves interviewing employees, customers, vendors and others. These interviews, explain a leading Philadelphia forensic accountant and Certified Fraud Examiner, can help provide an understanding of the business, uncover potential fraud, frame the size and scope of the fraud and identify potential fraudsters. However – according to David Anderson,… Read more »
Trusted Employees Often At the Root of Corporate Fraud
Check any online or print news source almost any day; you’ll probably find articles reporting on fraud investigations involving hundreds of thousands and even millions of dollars being pilfered from small and large businesses, governmental entities and charity groups. Far too often, the blame falls to the feet of a trusted employee with years of… Read more »
Protecting Charities and Non-Profits from Fraud
Given the nature of their organizations and missions, people would think that houses of worship, charities and other non-profit organizations would be free of financial fraud issues. However, most people – says a noted Philadelphia forensic accountant and Certified Fraud Examiner – would be wrong. According to David Anderson, principal of David Anderson & Associates,… Read more »
Five Frequently Made Mistakes in Valuing a Business – Part One of Two
While most business valuations properly follow applicable professional standards, some have fallen short when the financial professional makes one or more significant mistakes. Here, from a noted Philadelphia forensic accountant and Certified Valuation Analyst, are two of the five most frequently made business valuations miscues. The three other top mistakes will be detailed in our… Read more »
