AICPA Announces New Professional Certificates in Forensic Accounting

 – March 13, 2018
 AICPA Announces New Professional Certificates in Forensic Accounting

Programs Address Recent Growth in Cases Involving Financial Forensics

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.

The new AICPA programs explore core and specialized forensic techniques.

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:

  • Bankruptcy
  • Technology
  • Data recovery
  • Damages
  • 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.