News & Insights: eric a kreuter
Disputes in Real Estate Partnerships: How to Excavate Adequate Business Records
By Eric A. Kreuter | November 16, 2018
Consider this scenario: A partner in a real estate deal determines that there may have been wrongdoing with respect to the operations of a real estate partnership. Monies are missing, and expenses appear to be excessive and unsupported. He further suspects that the alleged miscreant has been “cooking the books” for years.
Staying cool in the deposition hot seat
By Eric A. Kreuter | January 3, 2018
Eric Kreuter, partner in our Advisory Services Group, contributed the cover story to the January/February 2018 issue of Fraud Magazine. Staying Cool in the Deposition Hot Seat explores how expert witnesses can prepare to represent their clients at a deposition and handle aggressive attorney questioning.
Forensic Accounting: A Value-Adding Skill for the CPA
By Eric A. Kreuter | November 15, 2017
In this article written for The CPA Journal, Partner Eric Kreuter explores the career opportunities and professional advantages available to CPAs who pursue knowledge and skills in the area of Forensic Accounting.
Mitigation of damages: Professional obligations for the expert witness computing damages
By Eric A. Kreuter | August 29, 2017
Eric A. Kreuter was recently published in the H1 2017 issue of Global Opportunities Bulletin. His article explains how economic damages experts can apply the Mitigation of Damages Doctrine to their casework within the context of the economic analysis.
Avoiding Damage Done by Damages Experts
By Eric A. Kreuter | December 6, 2016
Economic damages experts are often confronted with legal theories, which must be carefully applied to their casework within the context of the economic analysis. One example is the Mitigation of Damages Doctrine.
Developing a Fraud-Free Workplace for the Nonprofit Organization: A Fresh Perspective
By Eric A. Kreuter | Hope Goldstein | September 16, 2015
Fraud is a significant and growing problem for nonprofit organizations, according to a number of sources, occurring more frequently and becoming more costly. According to the 2014 Report to the Nations by the Association of Certified Fraud Examiners (ACFE), nonprofit fraud accounted for 10.8% of total incidents of fraud in 2013, up from 9.6% reported in 2010. Nonprofit organizations lost a median $108,000 per incident in 2013, up from $90,000 reported in 2010. Since many nonprofits are relatively small, the financial impact is often far greater than the dollar amount implies.
This article by Eric Kreuter, partner, Financial Advisory Services, and Hope Goldstein, partner, Nonprofit and Government, reviews the risks (financial, reputational and funding threats), fraud’s origins and the steps an organization should take to strengthen its control environment.
Travel Expense and Payroll Fraud Case Study
By Eric A. Kreuter | Glenn D. Sacks | September 13, 2013
Travel expense and payroll fraud have become hot topics within both for profit and non-profit organizations. Weaknesses in internal controls and greed both contribute to the ongoing problem of assets and profits being slowly siphoned from unwary organizations. This case study illustrates what can happen, what can be done and what value can be added during and following the forensic engagement.
This article, “Travel Expense and Payroll Fraud Case Study”, was originally published in The Forensic Examiner, Fall 2013.
The Importance Of Business Continuity Planning: Dealing With Inevitable Risk
By Eric A. Kreuter | July 18, 2013
Increased awareness of the need to prepare for risk and risk of disaster does not always translate into action. One reason is because businesses feel prior events are not likely to recur or effects would not be overly severe. Business managers should plan for the worst and commit to the development of a responsible strategic plan to minimize the impact of harmful events, even unlikely ones.
This article was originally published in The Metropolitan Corporate Counsel, June 2013.
VIDEO: Your Role in Detecting and Deterring Employee Fraud
By Eric A. Kreuter | March 28, 2013
“Your Role in Detecting and Deterring Employee Fraud” was the subject of a video discussion with Eric Kreuter, a Partner in the Litigation and Corporate Financial Advisory Services Group.
In the video Eric examines why it is necessary to monitor and execute appropriate analytics when tracking asset misappropriations, corruption (accepting kickbacks) and fraudulent statements (overstating revenues or understating liabilities).
According to the Association of Certified Fraud Examiners’ 2012 Report to the Nations, businesses annually lose 5% of total revenue due to fraud and it typically continues for 18 months before detection.
The video was originally published by SmartPros Ltd., a leading provider of accredited professional education and training to Fortune 500 companies.