NEW YORK (March 12, 2018) – The American Institute of CPAs (AICPA) this month launched two intermediate-level certificate programs to help satisfy a growing need for financial professionals with forensic accounting expertise.
These curricula are timely, as economic and regulatory trends – along with corporations’ increasing focus on the threat of financial crime – are expected to benefit the forensic accounting profession in the coming years according to a study by IBISWorld, a market research firm. The report indicates employment in forensic accounting grew at an annualized rate of 18% from 2012 to 2017, and projects continued growth in the sector in coming years.
“Our certificates provide new options to CPAs seeking a comprehensive pathway to the Certified in Financial Forensics (CFF) credential, as well as to other financial professionals who wish to show competency in financial forensics but are not eligible to get the CFF credential,” said Barbara Andrews, AICPA Director of Forensic Services. “Anyone wanting to expand his or her knowledge of financial forensics can benefit by enrolling in our new certificate programs.”
The Core Forensic Accounting Certificate covers subjects essential to the planning, performance and reporting of all forensic accounting engagements, including:
Forensic engagement and management
Evidence identification and gathering
The discovery process
Effective interviewing techniques
Deposition and testimony
Preparing sustainable reports
The Specialized Forensic Accounting Certificate dives into more complex forensic themes, such as:
Lost earnings and fringe benefits
Patents, copyrights and trademarks
Mergers and acquisitions
Detecting and investigating fraud
Divorce and other family law issues
Those who earn both certificates meet the education and exam requirements for obtaining the CFF credential, which the AICPA grants to qualifying CPAs. In addition, candidates must have 1,000 hours of business experience in forensic accounting, to meet the CFF credential’s rigorous requirements.
Additional information regarding the growing forensic accounting profession is available on the AICPA Forensic and Valuation Services website.