Certified Forensic Accounting Professional

Transcription

1 Certified Forensic Accounting Professional Insurance Specialization

2 Certification in Insurance Frauds Certified Forensic Accounting Professional is the premier certification in India in the antifraud domain. Certified Forensic Accounting Professional (Insurance) is a person who has successfully completed the examination conducted by Indiaforensic Center of Studies to become an expert in the field of forensic accounting, forensic auditing, litigation support and investigative accounting with the specialization in the Insurance domain. Certified Forensic Accounting Professional (Insurance) is a designation awarded by Indiaforensic Center of Studies and moderated by the Forensic Accounting Research Foundation. The Forensic Accounting Research Foundation is a member-based Indian organisation dedicated to providing forensic accounting and forensic auditing education and training with presence in more than 7 countries including Nigeria, Oman, Qatar, UAE, Uganda and others. Certified Forensic Accounting Professional is the program designed to equip the Insurance professionals and the antifraud professionals to effectively fight the Insurance sector frauds. Participants will be given a broad-based introduction to the nature and purpose of forensic accounting. The scope and content of all subjects extend well beyond 'narrow' focus of fraud prevention and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities. India Lose more than Rs crores to frauds and effective fraud control system should be established to combat the frauds effectively Manual on Insurance Frauds, this classifies the Insurance sector Frauds in Indian insurance companies is the key learning aspect of this program. In addition the participants also get to learn the Red flags of the various insurance fraud schemes based on the theme that frauds are committed in "Life Insurance" or "Non-life insurance". This certification covers both these sectors of Insurance. Additionally, the study material designed for the course also discuss the methods for prevention, detection and investigation of the frauds in the Indian insurance sector CPE Compliance Certified Forensic Accounting Professional degree is a certification offered by Indiaforensic Center of Studies to those professionals who have scored atleast 75% in the examinations conducted by

3 Indiaforensic Center of Studies. All the professionals completing the examination after are governed by the CPE norms. Every CFAP needs to undergo the training of 20 hours to maintain the professional certification. To Summarize, professional can be termed as Certified Forensic Accounting Professional: When he successfully completes the examination Abides by the by-laws and code of conduct of Indiaforensic Center of Studies Completes 20 CPE hours every year Be of a high moral character Intake for the program Course on Forensic Accounting for Insurance industry is the only course on Forensic Accounting in India. Demand for this course is growing with a tremendous pace. In order to maintain the quality of the education we control the intake of the students. However there is no restriction on the enrolments from the professional organisations like ISACA, ACFE and IIA or equivalent. Students are chosen based on the predetermined parameters. They are admitted only on successful completion of desired points. Indiaforensic Center of Studies accept the application for its courses throughout the year. This course is recommended to the following professionals: Professionals from Risk Containment Unit Internal Auditors of Insurance companies Compliance professionals of Insurance companies Customer service professionals handlng frauds in Insurance companies Security professionals handling insurance frauds Surveyors investigating the frauds Professionals from Insurance fraud investigation companies Scholarships Applications for the scholarships should reach us by . The address for communication is education@indiaforensic.com

4 Number of Students Every time the registration opens for 40 students from every state of the country. Syllabus for CFAP [Insurance] Certification in Forensic Accounting for Insurance industry emphasize a forensic rather than a controlbased or risk management approach to the analysis of governance and the possibility of fraud. According to the estimates, India lose more than Rs crores to the Insurance frauds. This research highlighted the need of education for the Insurance sector employees. Under this certification program the participants are given a broad-based introduction to the nature and purpose of forensic accounting. The scope and content of all subjects extend well beyond narrow focus of fraud prevention and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities. Whole syllabus of Certification program is divided in ten topics. This is one of the the first certifications in the Insurance sector frauds in India and covers following chapters: Background of the Frauds in Insurance sector Classification of the Life Insurance frauds Money Laundering in Insurance sector companies Frauds in General Insurance companies Early warning signals of Insurance sector frauds Setting up the Special Investigation Unit Fraud Risk Management in Insurance companies in India Research on the Insurance frauds Investigation techniques Prevention techniques The above syllabus is updated frequently based on the new trends and developments in Insurance industry and the technology related frauds. The specially designed pages Insurance frauds manual is provided to the participants who register for the Certification in the forensic accounting along with the forensic accounting manual.

5 Fees for the program Domestic Fees International Fees Course Registration Fees INR 1500 USD 40 Curriculum Fees INR 9500 USD 275 Examination Fees INR 2500 USD 60 Certification Fees INR 2500 USD 60 Membership fees* INR 1500 USD 40 INR USD 475 Terms and Conditions The fees are payable by the Demand Draft or by way of online registration. For registering yourself online please click here The demand draft should be drawn in Favor of "Indiaforensic Consultancy Services". W.E.F 1st April 2009 Membership fees of Rs.1000 are payable every year in order to maintain the membership of the CFAP [Insurance]. This is applicable for all the members who are eligible for the certifications. ** For online transfer of the funds to our bank accounts please write us rajendra.kumar [at] indiaforensic.com Fees once paid will not be refunded back. Registration Fees are not transferable, curriculum fees and other components of the fees are transferable. On unsuccessful attempt to clear the examination, examination will be conducted after paying the additional examination fees only. For the corporate enrollment to the CFAP [Insurance] program, please write to us at rajendra.kumar [at] indiaforensic [dot] com Membership is activated as soon as the cheque or demand draft is realized.

6 Fraudexpress Retail Packages Fraudexpress The antifraud digital magazine offers the examination packages to the Insurance companies willing to nominate more than 10 professionals. These costs are exclusive of the study material costs and service taxes as applicable. Contact Us Rajendra Kumar Head of Education and Certifications Riskpro Management Consulting Private Limited C.2.1 Rakshalekha society, off. Sinhagad Road, Pune Mob: Tel: