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Posts Categorized: Fraud

How Fraudsters, Non-Fraudsters Respond Differently in Interviews

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. A key part of any fraud investigation involves interviewing employees, customers, vendors and others.  These interviews, explain… Read more »

Business Valuation Experts Play Key Role in Collaborative Divorces

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. As a Certified Valuation Expert, David Anderson, of David Anderson & Associates, has served as a business… Read more »

Fixed Asset Fraud Can Be Just as Costly as Cash or Check 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.  The majority of asset misappropriation fraud cases involve cash, and sometimes inventory. Fixed asset fraud – most often equipment and furniture… Read more »

Bitcoin: The New Way to Receive Payment, Or Trouble in The Making?

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. Bitcoin and other digital currencies (such as Litecoin, Ethereum, Dash, and Dogecoin, among more than 700 others) often are described as… Read more »

There’s No Denying the Fact You Need Insurance Against 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. As noted in many of my prior blogs, the best “insurance” against fraud is having in place a working, comprehensive fraud… Read more »

What Are Ponzi Schemes and How Can You Avoid Them?

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. We have all heard the term “Ponzi Scheme” in relation to Bernie Madoff and other investment scams, but just what is… Read more »

‘Rule of Thumb’ Business Valuation Techniques Just Don’t Measure Up

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. Trade associations, some business brokers, and others may use what are known as Rules of Thumb to… Read more »

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 »