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Posts Tagged: forensic accountant in Philadelphia

Guidelines to Help Ensure the Reliability of Financial Statements “Associated With” an Accounting Firm

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. Seeing the label “associated with” a specific accounting firm on a financial statement you receive is not a… Read more »

Not All Financial Statements Are “Associated” With Reliability

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.  When you learn a company is “associated” with an accounting firm, don’t automatically assume the financial statements that… Read more »

Forensic Accounting Strategies for Cash Flow Maximization

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.  Many small businesses engage in an ongoing struggle to keep sufficient cash on hand to finance operations, pay debts, and… Read more »

Forensic Accountant Advises Caution in Interpreting Financial Statements

Recipients of company financial statements that are “associated” with Accounting Firms often assume that the financial statements are accurate, fairly presented, have undergone a rigorous examination by the Accounting Firm, and are not subject to fraud or misstatement. While that may be true in some cases, it very often is an inaccurate assumption that can… Read more »

Forensic Accountant Recommends Strategies to Maximize Cash Flow

Having sufficient cash on hand to finance operations, pay debts and provide income to the owners is an ongoing struggle for most small businesses. But there are recommended strategies from a forensic accountant in Philadelphia that small businesses can employ to maximize cash flow. “Cash flow problems can be challenging for even the most organized,… Read more »

Forensic Accountants Tackle Complexities of Economic Damages Calculation

When a business suffers financial or economic damages as the result of the actions of another or due to a catastrophic event, business owners, attorneys and the courts rely on forensic accountants to calculate damages and determine the amount of financial or economic recovery necessary to restore the business to the position it would have… Read more »

Fraud Investigations Identify Financial Statement Fraud As Costliest

The most expensive frauds in the business world don’t involve the theft of cash or other assets, but rather the falsification of financial statements.  Repeated fraud investigations have found that these financial statement frauds usually are perpetrated by or at the direction of senior management. “This is fraud at the very highest levels of a… Read more »