Anand Khemlani

I am a founding member of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), a Certified Fraud Examiner (CFE) and am a licensed Real Estate Broker. I regularly serve as an expert witness involving results of my forensic accounting assignments and damage analyses. My resume is available on Fulcrum's website

Most commented posts

  1. How Many Clowns Can You Fit In A Clown Car? — 2 comments
  2. 30,000 Tax Cheats Confess Under IRS Programs — 1 comment
  3. City of Los Angeles Wastes $1M on Cell Phones — 1 comment
  4. The Battle of Red — 1 comment
  5. Government Slaps Banks with Lawsuit over Toxic Mortgages — 1 comment

Author's posts

Student Claims C+ Cost Her $1.3 Million

The Morning Call reports that Megan Thode, a graduate student at Lehigh University in Bethlehem, Pennsylvania, claims that the C+ she was given in one of her classes caused her $1.3 million in damages.  Thodes was in the College of Education pursing her master’s in counseling and human services.  As part of the curriculum, Thode …

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Permanent link to this article: https://betweenthenumbers.net/2013/02/student-claims-c-cost-her-1-3-million/

How Much House Can You Afford?

The recent real estate bubble and foreclosure crisis that California faced has left first-time home buyers wondering how much home they can really afford.  With the relatively lower current prices and record low interest rates, the California Association of Realtors (C.A.R.) is suggesting it’s an opportune time to buy.  C.A.R. published the following chart that …

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Permanent link to this article: https://betweenthenumbers.net/2013/02/how-much-house-can-you-afford/

United States Postal Service Cancels Saturday Mail Delivery

On February 6, 2013, the United States Postal Service (USPS) announced that as of the week of August 5, 2013 it will suspend Saturday mail delivery (see: USPS Announcement).  This reduction in delivery is estimated to save the USPS approximately $2 billion annually. Patrick R. Donahoe, Postmaster General and CEO stated: The Postal Service is …

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Permanent link to this article: https://betweenthenumbers.net/2013/02/united-states-postal-service-cancels-saturday-mail-delivery/

Survey of Audit Committee Members Indicate Significant Concerns

KPMG recently released their Global Audit Committee Survey (See the KPMG survey here).  The survey contains the views of 1,800 audit committee members worldwide regarding topics such as financial reporting and disclosures, audit quality, oversight of internal and external auditors, risk management and crisis readiness, emerging technologies and audit committee effectiveness. The survey highlighted the …

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Permanent link to this article: https://betweenthenumbers.net/2013/02/survey-of-audit-committee-members-indicate-significant-concerns/

The American Dream is Still Alive

The real estate market has taken a beating in the past few years.  During the most recent downturn in the economy, real estate values plummeted causing homeowners equity to vanish with many homeowners facing short-payoffs and even foreclosure.  Despite the more positive recent news regarding real estate, potential buyers are facing increased scrutiny from banks …

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Permanent link to this article: https://betweenthenumbers.net/2013/02/the-american-dream-is-still-alive/

FTC and Skechers Agree to a $40 Million Settlement

The Federal Trade Commission (“FTC”) and Sketcher USA Inc. reached a $40 million settlement on charges that Sketchers deceived consumers.  The FTC joined with 45 attorneys nationwide in the consumer protection agency’s claims against Sketchers. According to the FTC, The Federal Trade Commission announced that Skechers USA, Inc. has agreed to pay $40 million to …

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Permanent link to this article: https://betweenthenumbers.net/2012/05/ftc-and-skechers-agree-to-a-40-million-settlement/

Wal-Mart to Pay $4.8 Million in Back Wages and Damages

The U.S. Department of Labor has ordered Wal-Mart to pay $4.8 million in back wages and damages for failing to pay workers for overtime.  The Wal-Mart employees who were affected are vision center managers and asset protection coordinators at Wal-Mart Discount Stores, Wal-Mart Supercenters, Neighborhood Markets, and Sam’s Club warehouses.  Wal-Mart considered these employees exempt …

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Permanent link to this article: https://betweenthenumbers.net/2012/05/wal-mart-to-pay-4-8-million-in-back-wages-and-damages/

Specific Language is Important in Agreements

A Manhattan Judge dismissed a lawsuit brought by Howard Stern again Sirius XM Radio Inc.  The lawsuit centered around Stern’s claim that the company owed him stock awards for helping Sirius achieve specific subscriber counts.  Stern claims he was owed $300 million and his agent, Don Buchwald, an additional $30 million in stock.  Stern’s original …

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Permanent link to this article: https://betweenthenumbers.net/2012/04/specific-language-is-important-in-agreements/

Over $30 Million Allegedly Misappropriated from City Funds

Rita Crundwell, longtime comptroller of Dixon, Illinois, is alleged to have defrauded the city of over $3 million in the last few months and misappropriated $30 million over the last six years.  The town of Dixon is small, with a population of under 16,000. Crundwell lived a luxurious lifestyle that exceeded her $80,000 annual income.  …

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Permanent link to this article: https://betweenthenumbers.net/2012/04/over-30-million-allegedly-misappropriated-from-city-funds/

How to Manage Vendor Risks

Whether we like it or not, all business have to deal with outside third-party vendors.  Many business professionals understand the risks in dealing with vendors, but do not really have the processes in place to mitigate this risk.  Managing vendor relationships is key to a business’ long-term success.  As business is becoming more global, the …

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Permanent link to this article: https://betweenthenumbers.net/2012/03/how-to-manage-vendor-risks/