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Posts Categorized: Fraud

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 »

Summer Vacation Is Here! It’s Time for Fun . . . and 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. With the arrival of Memorial Day, another summer of fun and vacation has begun.  Those employees with vacation homes at… Read more »

Tip Hotlines Enhance 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. Performing a formal financial audit annually is thought by many to be the most effective means of fraud detection and… Read more »

Prosecution: The Ultimate Step in 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. So you’ve been the victim of fraud. You knew something was amiss.  You hired a Certified Fraud Examiner.  A thorough… Read more »

Understanding Your Employees Is Key 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. Do you know your employees? Do you understand how they function on the job or the scope of their interpersonal… Read more »

Updated Report on Fraud Investigations Pinpoints Characteristics of Fraudsters

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 »

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 »