IFS EDUCATION DEPARTMENT

IFS – International Forensic Sciences (Govt. of India – MCA & MSME Regd., SSI Govt. of Maharashtra Regd., ISO 9001-2008 Certified & Regd. with DUNS & U.S. Federal Govt. CCR database) Firm. Provides short term forensics courses for awareness about forensics.


Forensic Accounting and Fraud Examiner

IFS EDUCATION DEPARTMENTS ONLINE AND DISTANCE COURSES: (Revised on: 07 Jan. 2010 / 2012)

FORENSIC ACCOUNTING AND (FINANCIAL) FRAUD EXAMINER - Course Code FAFFE-001

INTRODUCTION: Forensic science is a vital instrument for the detection or investigation of crime and the administration of justice, providing crucial information about the evidence found at crime scene, it is especially important that the training and education of forensic scientists provide a solid scientific background and a broad base in criminalistics. The validity of those results depends on the knowledge, skills, and experience of the forensic scientists working to obtain them. A forensic scientist must be capable of integrating knowledge and skills in the examination, analysis, interpretation, reporting, and testimonial support of evidence. Fraud examiners represent a variety of careers and professional backgrounds. Forensic accounting is hardly a new field, but in recent years, banks, insurance companies and even police agencies have increased the use of these experts. The increase in white collar crime and the difficulties faced by law enforcement agencies in uncovering fraud have also contributed to the growth of the profession. Many accounting firms believe that the market is sufficiently large to support an independent unit devoted strictly to forensic accounting. In court, the forensic accountant can be an expert witness, a consultant, or play other roles such as trier of fact, special master, court-appointed expert, referee, arbitrator, or mediator. A key piece of evidence is the report of the forensic accountant. For better practice and Earning- A person in this field should have experience in auditing or accounting and educational qualification in Accounting or a related field. According to various web resources- As of 2009, the starting salary ranges between $30,000.00 and $60,000.00 per year depending on location of the job. With time and experience, a forensic accountant can potentially make six figures with 150K + not being uncommon. The average salary for a forensic accountant in the US is around $74,000.00. A forensic accountant in New York could make up to $102,655.00 while a forensic accountant in Orlando usually only makes $56,071.00. Some forensic accountants are not paid on salary and are rather contracted to do a specific task for a company. The job prospects for Forensic accountants are excellent. India is yet to meet the growing demand for fraud examiners because of a shortage of training institutions; Demand for fraud examiners is growing fast because of the use of information technology to commit crimes, growing business competition, and harsh economic times that are making some workers to steal from their employers or sell company secrets. There are no experience requirements necessary to call oneself a Forensic Accountant; However, there are many factors which will influence how a particular Forensic Accountant will be paid.

Course Content / Topics: Introduction to Forensic Science, Forensic Accounting and Fraud Examination; Principles of Forensic Accounting and Fraud Examination; Roles of the Forensic Accountant; Introduction to Fraud and Forensic Accounting; The Nature of Fraud, Why People Commit Fraud, Fighting Fraud Fraud Prevention, Fraud Detection, Recognizing the Symptoms of Fraud; Data-Driven Fraud Detection, Fraud Investigation, Investigating Theft Acts; Investigating Concealment, Conversion Investigation Methods; Private Sources of Information, Inquiry Methods and Fraud Reports Honesty Testing, The Fraud Reports, Management Fraud; Financial Statement Fraud; Revenue-and Inventory-Related Financial Statement Frauds; Liability, Asset, and Inadequate Disclosure Frauds; Fraud Against Organizations, Consumer Fraud; Identity Theft, Investment Scams, Money Laundering; Bankruptcy, Divorce, and Tax Fraud, Fraud in E-Commerce; Resolution of Fraud, Legal Follow-Up, Being an Expert Witness; Financial Statement Fraud Standards; Avoiding common mistakes in fraud risk assessment and examination; Credit Card Frauds, Online Transaction Frauds, Cheque Frauds; and study of forensic science and related aspects etc... (Emphasis on Forensic and Legal Issues)


ABOVE COURSE IS AVAILABLE IN FOLLOWING MODES-

ONLINE, DISTANCE COURSES CERTIFICATION FEES: (Revised on: 16 Jun 2016)

Course / Certification Type Fee (INR)Indian Students Fee (USD)International Students Max. Duration
Short Term Certificate in Forensic Accounting and Fraud Examiner 5000 Rs. 200 USD 02 Months
Advanced Certification in Forensic Accounting and Fraud Examiner 10,000 Rs. 300 USD 06 Months
PG Certification (Gold) in Forensic Accounting and Fraud Examiner 15,000 Rs. 500 USD 12 Months
Certification (Expert) in Forensic Accounting and Fraud Examiner 20,000 Rs. 500 USD 06 Months
Specialized Certification in Forensic Accounting and Fraud Examiner 30,000 Rs. 750 USD 12 Months
Universal Certification in Forensic Accounting and Fraud Examiner 35,000 Rs. 900 USD 12 Months

Indian Students may use Universal Currency Converter from http://www.xe.com/ucc/ to pay fee in other currencies...

NOTE 1: International / Outside India students who wants printed notes, books and ref. material by courier / post, then 200 USD will be charged extra for Indian postal services.
If private courier services will be required to be used (for both Study material/ Marksheet and Certificate) then international / outside India student s must have to pay courier charges seperately .(Optional)

NOTE 2: Students enrolled for courses having course duration more than 6 Month can pay their Course Fee in max. two installments, but Rs. 750 / USD 20 will be charged extra. (Optional)

ELIGIBILITY: (Minimum Qualification)


Chartered Accountant / Company Secretary / CWA / CPA / M. Com or Graduation from recognized School, College, Institute or University. (Final year students can also apply)  FOR MORE DETAILS CLICK HERE


ONLINE EXAMINATION SYSTEM: Students will have to appear for an Online Exam for each semester. Online Examination includes Objective / Multiple Choice Questions and Descriptive Type Questions. They'll also have to submit one Assignment for each semester.

  • NEW MARK DISTRIBUTION:- IFS MARKING SYSTEM: w.e.f. Students admitted from 1st April 2016 batch.
    Semester 1 (S.1)
    1 Descriptive Exam

    (Paper 1)

    S. 1

    5 Questions – 100 Mark

    (One Hour time limit)

    Advanced Certification, PG Certification and All other Certifications (Having duration up to 6 months)

    2 Case Study

    (Paper 2)

    S. 1 2 Questions – 100 Mark

    (One Hour time limit)

    3 Assignment

    (Paper 3)

    S. 1 1 Assignment – 100 mark

    (Submit before first exam)

    Semester 2 (S.2)
    4 Descriptive Exam

     (Paper 4)

    S. 2

    1 Question / Topic - 100 Mark Hard copy / Physical Poster (Min. Size A3 / 297 mm x 420 mm / 29.7 cm x 42 cm) should be submitted on provided topic.

    For PG Certification and All other Certifications (Having duration more than 6 months)

    5 Case Study

    (Paper 5)

    S. 2

    1 Question / Case - 100 Mark PowerPoint Presentation (Min 20 to Max. 30 slides in each PPT / .PPTX file - Soft copy) should be submitted on case example.

    6 Assignment

    (Paper 6)

    S. 2 1 Assignment – 100 mark

    (Submit before Second Exam Date)

Only International students can submit online poster while all indian student has to submit hard copy of poster.

MARK DISTRIBUTION:- IFS MARKING SYSTEM:Applicable only for Students admitted BEFORE 1st April 2016 batch.

Semester 1 (S.1)
1 Descriptive Exam

(Paper 1)

S. 1 5 Questions – 100 Mark

(One Hour time limit)

Advanced Certification, PG Certification and All other Certifications (Having duration up to 6 months)

2 Case Study

(Paper 2)

S. 1 1 Question – 100 Mark

(One Hour time limit)

3 Assignment

(Paper 3)

S. 1 1 Assignment – 100 mark

(Submit up to first exam)

Semester 2 (S.2)
4 Descriptive Exam

 (Paper 4)

S. 2 5 Questions - 100 Mark

(One Hour)

For PG Certification and All other Certifications (Having duration more than 6 months)

5 Case Study

(Paper 5)

S. 2 2 Questions - 100 Mark

(One Hour)

6 Assignment

(Paper 6)

S. 2 1 Assignment – 100 mark

(Submit up to Second Exam Date)

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