Strategy to clear FAFD Certification in 1st Attempt
This Product Includes 2 types of Online Question bank
1st
Full Mock Test Papers
with Explanations
2nd
Topic Wise Mock Test Papers
with Explanations
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Introduction of FAFD Course
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🌟 Important topics covered in the Topic Wise Quizzes in this course 💼
Master the Topics Frequently Asked in Forensic Accounting Exams
Our topic-wise quizzes cover important concepts across forensic accounting, fraud investigation, digital forensics and cybercrime, helping you build knowledge systematically and prepare with confidence.
Core Forensic Accounting Concepts
Build a strong foundation in forensic accounting principles, professional responsibilities and forensic audit.
- Fundamentals: Primacy of truth, due professional care, objectivity and continuous improvement.
- Forensic Accounting, Audit & Auditor: Definitions, scope and role of the forensic auditor.
Fraud-Related Concepts
Understand fraud behaviour, financial statement manipulation and common fraud schemes.
- Fraud Triangle: Pressure, opportunity and rationalisation.
- General Fraud: Intentional deception for personal or financial gain.
- Financial Statement Fraud: Manipulation techniques and detection methods.
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Specific Fraud Types:
- Cheque fraud and manipulation
- Lapping schemes
- Social engineering
- Fraud perpetrator profiles
- Employee fraud
- Fraud red flags
- Fraud green flags
Fraud Investigation Techniques
Learn the practical techniques used to investigate fraud and analyse evidence.
- Investigation: Core investigation techniques and processes.
- Chain of Custody: Maintaining evidence integrity through proper documentation.
- Criminal Activities: Types of criminal activities and computer crime.
- Interview: Questioning techniques and interview strategies.
- Data: Collection and use of data during investigations.
- Excel: Data analysis and manipulation for fraud investigations.
- Benford’s Law: Applying statistical analysis for fraud detection.
Digital Forensics & Cybercrime
Explore electronic evidence, cyber attacks, networks, encryption and the legal framework surrounding cybercrime.
- Digital Forensics: Principles and processes for handling electronic evidence.
- Computer Forensics: Investigation and analysis of potential digital evidence.
- Cyber Attacks: DoS, DDoS, phishing, SQL injection and password attacks.
- Cybercrime & Cyber Law: Key concepts and offences.
- Networks: Protocols, devices and services.
- Cryptography: Encryption and secure communications.
- Steganography: Concealing information within digital media.
- EnCase: Software used in digital investigations.
- Encryption: Converting information into coded form.
- Information Technology Act: Cyber offences and electronic evidence in India.
Financial Information, Audit & FAIS Standards
Cover financial analysis, audit techniques, forensic accounting standards and the use of technology in investigations.
- CAAT: Computer-Assisted Audit Techniques for data analysis and audit procedures.
- CAAT Sampling: Statistical sampling techniques used with CAATs.
- Legal & Regulatory Acts: Relevant legal and regulatory requirements.
- Financial Analysis: Core concepts used in forensic financial analysis.
- Audit: Fundamental audit concepts and procedures.
- Balance Sheet: Structure, components and purpose.
- Costs: Types of costs relevant to financial investigations.
- IDEA: Data analysis software used in forensic accounting and auditing.
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FAIS Standards:
Forensic Accounting & Investigation Standards000 — Core principles of forensic accounting110 — Determining the nature of an engagement120 — Fraud risk assessment130 — Legal frameworks in FAI engagements140 — Hypothesis formation and iteration210 — Objectives in forensic accounting engagements220 — Independence and objectivity230 — Engagement of an expert240 — Legal and regulatory compliance250 — Communication expectations and principles310 — Stakeholder engagement320 — Evidence in forensic accounting330 — Forensic accounting & investigation process340 — Interview conduct and environment350 — Supervision in engagements360 — Testimony and witness role410 — Data analysis planning and execution420 — E-discovery process430 — Financial irregularities and misconduct510 — Report components610 — Professional responsibilities and reporting
Why CA should consider pursuing FAFD certificatio ?
Why FAFD Certification is a Game-Changer for Chartered Accountants
Master Fraud Prevention
Develop specialized expertise in detecting, investigating and preventing fraud — a valuable capability as organizations face increasingly complex fraud risks.
Supercharge Your Career
Differentiate yourself for opportunities in forensic accounting, fraud investigation, risk management and related roles across corporate and government organizations.
Deliver More Value to Clients
Expand your advisory capabilities by helping clients identify fraud risks, strengthen controls and respond effectively to financial irregularities.
Earn Client Trust
Position yourself as a knowledgeable advisor who can provide practical insights into fraud risks, prevention strategies and forensic investigations.
Boost Your Earning Potential
Build a specialized skill set that can support premium advisory, forensic accounting and fraud-related professional assignments.
Strengthen Corporate Governance
Help organizations improve internal controls, identify weaknesses and strengthen their approach to regulatory compliance and risk.
Gain a Competitive Edge
Stand apart with an advanced niche specialization that complements your existing Chartered Accountancy expertise.
Steps for Pursuing FAFD Certificate
1. Register
2. E-Learning
Member need to undergo E-Learning of 17 hours and 30 minutes available at the Digital Learning Hub of ICAI i.e. https://learning.icai.org for free to all the Members.
3. Professional Training
Course duration is for 11 days which is divided into 4 hours of daily Instructor-led Virtual sessions and the last day class duration (i.e. 11th Day) will be of 2 Hours.
Module tests:
There will 2 online Module Tests in the Session (20 Marks each).
Project Report:
Every Participant will have to submit one Research paper (min. 10 pages) with PPT, and two forensic audit reports within two weeks after completion of the Course (60 Marks).
Eligibility Requirement :
40 Marks for two Module Tests + 40 Marks for two Forensic Audit Report + 20 Marks for Research Paper & PPT (TOTAL- 100 Marks).
Candidates have to secure 50% marks in their Module Test and Project Work (i.e. 50 Marks in total out of 100) to get eligible for appearing in the Assessment Test. Hence passing the Module Tests and the Project Work is the precondition for appearing in the FAFD Assessment Test.
4. Assessment Test (AT)
An online final assessment test of 100 Marks will be held on a quarterly basis.
The minimum mark required for passing FAFD Assessment Test is 50% i.e. 50 marks out of 100.
Download FAFD ICAI Books
Forensic Accounting & Investigation Resources
FAFD Blogs and Project Reports
FAFD Blogs
1. Building the Foundation: Establishing a Forensic Project Plan
2. Exposing Fraud: The Rising Function of Detective Forensic Accounting
3. Constructing an Effective Framework for Assessing Fraud Risk: Best Practices and Insights
4. Navigating an Emerging Landscape: The Role of Fraud Risk Assessment in Forensic Work
5. Start Your Forensic Accounting Practice: Pathways to Excellence
6. FAFD : Forensic Accounting and Fraud Detection Question bank in Prokhata
Question Bank Review
FAFD – Forensic Accounting & Fraud Detection
The question bank provided by Rajat Sir was comprehensive and helped me to prepare well. I was able to clear the FAFD exam in 1st Attempt. Thank you once again Rajat Sir.
I cleared the FAFD exam in my very first attempt! I couldn’t believe it. Rajat Sir’s question bank truly equipped me with the knowledge and confidence I needed to excel in the exam. I am so thankful for his dedication and commitment to helping students like me succeed.
I cannot express enough how grateful I am for the FAFD Question Bank! This incredible resource has truly transformed my studying experience. The topic-wise and module-wise question bank has been instrumental in solidifying my understanding of each covered topic, and they have also helped me address areas where I needed further review.
I am absolutely thrilled with the FAFD Question Bank! This incredible resource has helped me solidify my understanding of each topic and module covered in my FAFD preparation. Thank you sir.
The topic wise question bank was an absolute game changer, helping me understand and grasp the subjects effortlessly. I solely relied on Prokhata for my studies, and as a result, I passed my exam with flying colors. Thank you, sir, for your unwavering support and guidance throughout the journey.
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