This Product Includes 2 types of Online Question bank
This Product Includes 2 types of Online Question bank
1st
Full Mock Test Papers
2nd
Topic Wise Mock Test Papers
Strategy to Clear FAFD Exam on First Attempt
Introduction of FAFD Course
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About FAFD Certification Course
Forensic Accounting is the specialty practice area that describes engagements that result from actual or anticipated frauds, disputes, or litigation Forensic Accounting,
Fraud Detection & Prevention specialization is in increasing demand considering the increasing incidents of cyber-crimes and frauds. It is the practice of utilizing accounting, auditing, CAATs/Data Mining Tools, and investigative skills to detect frauds/mistakes.
Government bodies, PSUs, the Insurance sector, Banks, Investigating agencies as well as many medium-sized and boutique firms have specialist forensic accounting departments engaging Forensic Auditors.
Upon completion of the course, members will learn the concept of Forensic Accounting and Fraud Detection and what tools we can use to conduct Forensic Audits.
Steps for Pursuing FAFD Certificate
1. Register
About this Course
Forensic Accounting is the specialty practice area that describes engagements which result from actual or anticipated frauds, disputes or litigation Forensic Accounting, Fraud Detection & Prevention specialization is in increasing demand considering increasing incidents of cyber-crimes and frauds. It is the practice of utilizing accounting, auditing, CAATs/Data Mining Tools, and investigative skills to detect frauds/mistakes. The Government bodies, PSU’s, Insurance sector, Banks, Investigating agencies as well as many medium-sized and boutique firms have specialist forensic accounting departments engaging Forensic Auditors.
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.
FAFD ICAI Books
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
