Adding CFAP after your name

Certified Forensic Accounting Professional

Certified Forensic Accounting ProfessionalCertified Forensic Accounting Professional (CFAP) is a leading Global certification in forensic accounting domain. Acquiring this certification will enable you to become a specialist in forensic accounting and auditing. The certification to become a CFAP is provided by the Indiaforensic Center of Studies, and the Forensic Accounting Research Foundation then regulates the certification after it is attained. The CFAP is responsible for providing investigative accounting and litigation support in the area of corporate fraud. A CFAP may also investigate embezzlement, money laundering, asset concealment and/or debt concealment.

Adding CFAP after your name

Having a CFAP after your name provides you with an elite status that only those who have scored at least 75% on the Indiaforensic Center of Studies examinations are able to receive. You will find hundreds of proud professionals on linkedin adding CFAP after their name.

But having the certification isn’t enough; you must qualify every year to keep your certification valid. In order to retain your certification, you must complete 2 hours of training each year. You must also follow the by-laws and code of conduct of the Indiaforensic Center of Studies.

There is a high demand for this certification, so in order to continue the focus of keeping the exceptional quality standards for the CFAP in tact, select few are chosen to take this examination. Students are chosen in accordance to pre-defined parameters and students successfully completing the required number of points will be invited to complete the application and registration process.

To become eligible for taking the CFAP Examination, you must have at least 45 points towards the CFAP Program, retaining 10 points for each year of education and 5 points for each year of verifiable work experience. In other words, any graduate student with at least 3 years of experience is eligible to take the CFAP examination.

The cost of the CFAP course and certification are about $405 USD and scholarships are available. Scholarships are paid annually and are only available to Indiaforensic members. In order to become eligible for a scholarship you must complete the application and submit the coordinating documentation, which includes a candidate profile, a 1000 word essay, and recommendation letters. The management team at Indiaforensic will choose the candidates from the submitted applications and those candidates will receive a one-time scholarship to put towards the fees associated with the CFAP Program.

The CFAP course is split into 5 topics that deal with forensic accounting in India. These topics are:

  • Classification of the Corporate fraud schemes based on the Indian schemes of fraud
  • Understanding the red flags of the corporate fraud schemes
  • What one should do to prevent the corporate frauds
  • How these frauds can be investigated
  • Which are the tools used in investigating the frauds.

Topics, schemes and tools are regularly updated to keep this program up to date.

Obtaining your certification to become a CFAP offers you the opportunity to be known as a specialist in your field. The extensive training and continued education necessary to achieve your certification are recognized around the world. Without the certification, you will be disqualified from being hired by reputable employers. Choosing this career path can be quite lucrative with highly experienced CFAP’s earning 6 figure salaries. Options for employment can include Banking, Law Enforcement, Governmental Agencies such as SFIO and SEBI and many companies in Private sector. This type of employment can not only be extremely satisfying financially, it can also be very rewarding for already high your moral standards. The work is not only personally gratifying, but it is also valuable.

Existing CFAP – Claim your profile

If you are already a Certified Forensic Accounting Professional and want to be featured on Indiaforensic website then you should claim your feature by clicking here.

If you have not completed your CFAP and would like to be a part of the network of forensic accountants on Indiaforensic website then please speak to Rajendra on 9766594401 or click here to register online. There are multiple packages available to feature yourself on the Indiaforensic website.


Value of certification in Anti Money Laundering

value of certifications

Is it worth my time and money to get CAME?

The short answer to your question is yes, CAME certification can be of great value to you if you are trying to pursue your career in compliance. In India, there are certain organizations that require, or highly prefer, a specified certification such as CAME or CFAP if the company is in the process of rolling out the process of investigation throughout the organisation or is looking to control the money laundering activities. In this case, if you have one of these certifications, you are in an excellent position to get hired.

Sample Job description for hiring the Certified Anti Money Laundering Experts can be downloaded here

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Certified Forensic Accounting Professionals on ICAI Council

ICAI Gets forensic accountants on council

ICAI gets forensic professionals

Institute of Chartered Accountants of India [ICAI] is the apex body of Accountants in India and is governed by the Central Council Members. Vote counting for the Western India Regional Council was completed on 22nd December’2012 and here is the good news for the Certified Forensic Accounting Professionals.

There are two members from the Western Region who are elected on the apex body and are Certified Forensic Accounting Professionals.

Rajkumar Adukia, member since 2011 was the 5th elected member and Tarun Ghia, member since 2009 was the 8th elected member on the Central Council of the Apex body of the accountants. With the appointment of Mr. Adukia and Ghia, ICAI Gets two forensic accounting professionals on the board.

Here is the link on the official website of ICAI

CBFA – Certified Bank Forensic Accounting

Certified Bank Forensic Accountant

CBFAIn India Forensic Accounting is still in nascent stage and it becomes very difficult to find and retain the forensic accounting resources in India. Bank Forensic Accounting is an endeavor to meet the growing demand of the forensic accountants in the country. As a first step towards this initiative Indiaforensic Research Foundation has forayed into Bank Forensic Accounting.
For an unknown reason the banks are hesitant to appoint the external parties for preventing, detecting and investigating the frauds. They believe more in their internal audit teams for investigation of the frauds. Though this may be the subject of criticism we respect the decision of the bankers and in order to equip the vigilance departments of the Nationalized and Co-operative banks we have launched this course on Bank Forensic Accounting which is probably the first of its own kind. Co-operative bank failures have led to a growing awareness of the need for accounting and finance professionals to acquire skills to identify and act upon indicators of poor corporate governance, mismanagement, fraud and other unethical behavior. Distance learning course and you can register online 24/7/365 access to the courses.
CBFA course is done by the employees of KPMG, ING Vysya, Deutsche Bank & Astute Corp etc.

Read More on the Indiaforensic Website

Syllabus – Certified Bank Forensic Accounting

Certified bank forensicSyllabus for CBFA

Certification in Bank Forensic Accounting emphasize a forensic rather than a control-based or risk management approach to the analysis of bank governance and the possibility of fraud.
Participants will be given a broad-based introduction to the nature and purpose of forensic accounting. The scope and content of all subjects extend well beyond ‘narrow’ focus of fraud prevention and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities.

Whole syllabus of Certification in Bank forensic is divided in ten topics. This is probably the first certification in the banking frauds in India and covers following chapters primarily.

  •     Frauds in Advances or the traditional frauds in India
  •     Technology related frauds in India
  •     Money Laundering techniques
  •     Frauds related Negotiable instruments
  •     Causes of Bank failures
  •     Legal provisions that deal with the bank frauds in India
  •     Prevention of the bank frauds – ten branch approach
  •     Tools to investigate the frauds
  •     Drafting the fraud policies
  •     Case studies on the bank frauds

The above syllabus is updated frequently based on the new trends and developments in banking industry and the banking frauds. The specially designed 600 + pages banking frauds manual is provided to the participants who register for the Certification in the forensic accounting.

For more information on the course please check out the website of Indiaforensic

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