Certified in Financial Forensics

History

Objectives of credentialing

Fundamental forensic knowledge

1. Basic Civil and Criminal Laws and Dispute Resolution
2. Basic Federal and State Rules of Evidence
3. Basic Federal and State Rules of Procedure
4. Federal Courts
5. State Courts
6. Other laws, regulations and guidance
7. Other agencies

1. Accepting the Engagement
2. Understanding with Client
3. Initial meeting with Client’s Attorney
4. Determine required personnel and resources

1. Document and Evidence Gathering
2. Document and Evidence Preservation and Retention
3. Interviewing

1. Requesting and examining other parties’ information
2. Assist in making client’s information available
3. Make forensic accountant’s own information available

1. Testifying forensic accountant needs to supervise and control
2. Preparation of report and exhibits
3. Fact finding
4. Reports
5. Experts
6. Non‐expert testimony

   Specialized forensic knowledge

1. Roles and responsibilities
2. Reporting Requirements
3. Bankruptcy valuation issues
4. Understanding of insolvency
5. Basic reorganization concepts

1. Interests in Business Entities, Pensions, Intangible property, Intellectual property, Interests in Estates and trusts, and others
2. Purpose
3. Engagement Considerations: Standards of Value, Premises of Value, Approaches, Methods

1. Economic damages ‐ businesses: Lost profits, Lost value, Extra costs, Lost cash flow, Mitigation, Restitution, Interest/time value of money, Out of pocket, Rescission, Unjust enrichment, Determination of Present Value date of damages, Methods of determining
2. Economic damages ‐ individuals: Lost earnings, Medical expenses, Burial costs, Lost household services, Cost of repairing or replacing property, Cost of loss of use of property, Interest/time value of money
3. Intellectual property: Patents, Copyrights, Trademarks/Trade names, Trade Secrets
4. Punitive Damages

1. Asset valuation
2. Asset tracing
3. Income determination
4. Collaborative law
5. Child Support
6. Alimony
7. Tax planning re distribution of assets

1. Fraud
2. Financial Statement Misstatements
3. Asset Misappropriation
4. Foreign Corrupt Practices Act Investigations

1. Fraud Risk Governance
2. Fraud Risk Assessment
3. Fraud Prevention
4. Fraud Detection
5. Fraud Investigation
6. Reporting
7. Remediation

1. Data integrity: Data imaging, Data recovery
2. Cyber crime

   Eligibility

• Have a minimum of five years of experience as a Certified Public Accountant ;
• Pass the CFF examination;
• Demonstrate in excess of 1,000 hours of experience doing forensic accounting work;
• Complete 75 hours of continuing professional education related to forensic accounting.