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. While your fraud deterrence program should be on the job 24/7, you should require your employees to regularly take vacations. It’s… Read more »
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Posts Tagged: forensic accounting expert
Time Is Money, So Don’t Delay When Hiring an Expert Witness
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. It’s surprising how many trial attorneys wait until the last minute to engage the help of forensic accounting experts for litigation… Read more »
Keeping Non-Profits and Charities Safe from 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. While non-profit organizations and charities spend most of their time helping people and providing valuable services, fraudsters often are busy helping… Read more »
Need short-term help with accounting issues? You might need an outsourced CFO
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 number of businesses in the small-to medium-size range often have an accounting manager or controller take care of routine financial… Read more »
Arbitrating Inheritance Battles an Important Role for Forensic Accountants
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. “She has more pie than I do!” “It’s his turn to do the dishes!” “Why do they get to stay up… 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 »
How Personal Goodwill Affects Business Valuations
When determining the value of professional services businesses – such as law firms, medical practices or accounting, engineering or consulting operations – it is important, according to a noted Philadelphia forensic accountant and Certified Valuation Analyst, to consider the personal goodwill associated with the professional or business owner. David Anderson, principal of David Anderson &… 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 »
Three More Common Mistakes Made When Valuing a Business – Part Two of Two
Our study of the most significant mistakes made while setting a business valuation concludes as a well-respected Philadelphia forensic accountant and Certified Valuation Analyst takes a closer look at three additional issues that often are encountered in this process. Relying on outdated business transactions and industry growth rates: According to David Anderson, principal of David… 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 »
Fighting Vendor Billing Fraud
Businesses and other organizations can fall victim to vendor billing fraud perpetrated by outside parties just as easily as they can be by unscrupulous employees or managers, explains a noted Philadelphia forensic accountant and Certified Fraud Examiner. An example of this, according to David Anderson, principal of David Anderson & Associates, a Philadelphia forensic accounting… Read more »
What is a Song Worth?
When valuing a business – or part of a business, a financial professional must take into account such intangible assets as patents, trademarks, trade names, goodwill, literary works, and even songs, according to a leading Philadelphia forensic accountant and Certified Valuation Analyst. “Although the phrase ‘I got it for a song,’ meaning for practically no… Read more »
Why Bank Reconciliations Are Critical in Protecting Against Fraud
It is important for a business to closely monitor and control its bank reconciliations and other account-related activities to help prevent fraud, according to a noted Philadelphia forensic accountant and Certified Fraud Examiner. David Anderson, principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation and… Read more »
