Certified Forensic Accountant (CrFA) Program

Overview

With the well publicized financial fraud debacles involving Enron, Worldcom, Parmalat, questions such as,

• “Where is the money?”
• "What happened to our money?”

are on the news screens worldwide. Consequently, there is an increasing demand for financial and business professionals skilled in the fraud areas and aspiring senior managers to be aware of these issues as they comply with the regulatory requirements.

Program Dates

October 11 - November 22, 2008

Program Venue

Crowne Plaza Galleria, Ortigas

The American Institute of Certified Public Accountants (AICPA) has called forensic accounting one of the seven hot new “sizzling” career areas in financial services and estimated that there will be a shortage of between 25,000 and 50,000 financial security professionals in the next few years. Exciting opportunities for professionals who become knowledgeable in fraud abound in various federal agencies, major corporations and professional services firms.

Through the Certified Forensic Accountant (CrFA) program from the Institute of Certified Forensic Accountant North America, financial professionals now have the opportunity to learn forensic accounting and fraud investigation and acquire a global qualification. The CrFA aims to equip financial and business professionals with the investigative skills they need to understand, pre-empt (uncover) fraud.

The CrFA program will help future corporate, public and not-for-public sector managers, in-house counsel, venture capitalist, business consultants, and board members assess, mitigate, detect, and remedy financial fraud and misconduct affecting their organization. The program should also be useful to those planning careers in financial analysis and the investment community. This orientation will help understand the extent of financial fraud in the contemporary marketplace and how to protect the firms and themselves under their fiduciary control.

Fraud and the Boundaries of Forensic Accounting

Fraud is deception, deliberately practiced in order to secure unfair or unlawful gain. Forensic accounting is the use of accounting, auditing, and investigative skills to assist in legal matters. It encompasses litigation support, investigation and dispute resolution

Who Should Attend

• Consultants
• Internal Auditors
• External Auditors
• System Designers
• Business System Analysts
• Quality Assurance Personnel
• Financial Professionals

After completing the program, you will be able to:

• Understand and demonstrate knowledge of forensic accounting
• Understand the components of internal control process and system development
• Apply the four phases of forensic accounting review
• Identify the opportunities for fraud and different kinds of perceived pressures
• Analyze fraudulent financial reporting and financial statement fraud
• Recognize employee fraud schemes and its characteristics
• Apply the Statement of Auditing Standards No. 99 on consideration of fraud in a financial statement audit
• Build and design anti-fraud program
• Conduct internal corporate investigation under different phases
• Understand the legal environment as expert witness

Certified Forensic Accountant (CrFA) Program Syllabus

Module 1: Understanding Forensic Accounting

Topic 1: Defining Forensic Accounting
Topic 2: Understanding Internal Control System
Topic 3: Applying the Four Phases of Forensic Accounting Review

Module 2: Detecting Fraud

Topic 4: Identifying the Opportunities for Fraud
Topic 5: Uncovering Corporate Fraud
Topic 6: Analyzing Financial Statement Fraud
Topic 7: Recognizing Employee Fraud
Topic 8: Applying Fraud Auditing Standards
Topic 9: Building an Anti-Fraud Action Program

Module 3: Examining Fraud

Topic 10: Investigating Fraud
Topic 11: Conducting Internal Corporate Investigation
Topic 12: Interviewing and Interrogating

Module 4: Understanding Legal Environment

Topic 13: Commercial Damages
Topic 14: Testifying as an Expert Witness
Topic 15: Gathering Evidence

About the Institute of Certified Forensic Accountants (ICFA)

The Institute of Certified Forensic Accountants (ICFA) is a professional body for those committed to the development of the multidisciplinary profession of forensic accounting. Its mission is to develop and promote the profession of forensic accountancy to the public and to those people involved in providing forensic advice and guidance to their clients. ICFA is a not-for-profit professional body chartered under Letters of Patent granted by the Federal Government of Canada. ICFA is also registered under the Laws of the State of Delaware, USA.

The vision of ICFA is to be the global leader in educating and certifying forensic accountants while its mission is to provide education and certification for forensic accountants so that members qualified to use the designation Certified Forensic Accountant (CrFA) are recognized internationally as trusted, professional forensic advisors.

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