CFAP are the four letters that add a lot of significance to the profile of the corporate professional.
- These four letters can win a job for you.
- The four letters, CFAP, can help you to get promoted or can entitle you to a salary revision.
- These four letters can help you network with peers in other countries.
What is CFAP?
A Certified Forensic Accounting Professional (CFAP) is a person who has undergone training to become an expert in the field of forensic accounting, forensic auditing, litigation support, and investigative accounting. CFAP is a designation awarded by the Indiaforensic Center of Studies. It is moderated by the Forensic Accounting Research Foundation. The Forensic Accounting Research Foundation is a member-based Indian organization dedicated to providing forensic accounting and forensic auditing education and training. It has a presence in more than 7 countries including Nigeria, Oman, Qatar, UAE, Uganda, and others.
Certified Forensic Accounting Professional is a Gold standard certification in the forensic accounting domain. CFAP is considered a benchmark for commerce students in India. It is one of the toughest courses in India. The course is now offered in association with the NSE Academy (A wholly Owned Subsidiary Company of India’s Largest Stock Exchange – NSE). It is considered one of the toughest professional courses in India.
Academic Requirements for The CFAP
Generally, applicants for CFAP certification have a minimum of a bachelor’s degree. Aspirants should possess at least three years of professional experience. The graduates not having three years of experience may apply for the Forensic Accounting Entrance Exam conducted by the Indiaforensic Center of Studies.
CFAP with Information Technology Specialisation
Indiaforensic Center of Studies launched the certification focusing on the needs of IT companies across the world. CFAP [IT] is one of the foremost efforts to address industry-specific frauds. A separate curriculum is designed for the program based on fraud in Information Technology companies. The subject of the Satyam case study is contributed by the investigators, who were involved in the Investigation. Additionally, you can also click here to know more about the Information technology specialization.
CFAP with Insurance Specialisation
According to the estimates, India loses more than $ 6.25 billion to Insurance fraud. In order to fight fraud effectively, the Indiaforensic Center of Studies has launched certifications focusing on the needs of Insurance companies across. CFAP [Insurance] is one of the foremost efforts to address industry-specific frauds. Please click here to know more about the Insurance specialization.
There is a total of 20 chapters that deal with various elements of forensic accounting in India. This is just the outline of the course syllabus
- Classification of the Corporate fraud schemes based on the Indian schemes of fraud – Here the fraud schemes are classified on the basis of items in the financial statements.
- Understanding the red flags of corporate fraud schemes – Early warning signals in the corporate sector helps to detect frauds timely.
- What one should do to prevent corporate fraud – There are certain ways to prevent fraud from happening in the organization.
- How these frauds can be investigated – A number of Investigation techniques are discussed here
- Which are the tools used in investigating the fraud – The data analysis and data recovery tools are used in any forensic investigation.