A Bank Forensic Accountant is a banker or banking professional or a banking consultant who has undergone training. For becoming an expert in the banking fraud domain, forensic auditing related to the banking sector, litigation support, and investigative accounting.
The Certified Bank Forensic Accountant course is curated by Indiaforensic and is now presented by Riskpro Learning. The curriculum for the prestigious CBFA syllabus is very exhaustive. The aspirants who would opt for this course will get a thorough understanding of Banking Frauds Investigations. Hence, let us understand the CBFA syllabus in detail.
Curriculum for CBFA
The curriculum for a certified bank forensic accountant includes the flavor of financial accounting, auditing, banking regulations, money laundering, financial crimes, and forensic accounting techniques.
Additionally, the curriculum may include courses in computer forensics, data analysis, and investigation techniques. To become a certified bank forensic accountant, individuals will typically need to have a strong background in accounting and finance, as well as relevant work experience in the banking industry
This course has premier recognition. The curriculum for CBFA is vast and dynamic. The Certified Bank Forensic Accountant is one of the kinds of destinations for becoming a bank forensic accountant. Altogether there are 6 modules that cover all the aspects.
- Introductory Forensic Accounting
- Fraud and Failure (BFSI Sector)
- Investigative Processes
- Advanced Investigative Techniques
- Report Writing Skills
- Litigation Framework
These all modules are in a specific chronology if one does not understand the frauds and failures in the banking sector he may not be able to investigate the same or an aspirant must have good knowledge of report writing as the same report is to be presented in the court of law, which is covered under litigation framework.
Hence this course covers the start-to-end process of a Banking Frauds Investigation conducted by a Forensic Accountant.
Case Study Approach.
After the completion of all 6 modules, the trainer will also discuss the different types of case studies which will help the aspirants to understand the topic easily. Aspirants will also get a sample case study to solve and provide a report on the same. Based on this the trainer will provide personal guidance on the same. Therefore, it will help them to understand the practical application of all 6 modules.
Aspirants will be introduced to the nature of fraud and other forms of abuse within an entity including the identification of factors that pre-dispose an entity to such activity and approaches to investigation and resolution of suspicions that such activities are taking place.
It will also deal with acceptance of engagement as an independent expert especially issues of the appropriateness of expertise, training, independence, etc. It will also justify the methodology used to quantify the economic loss and carry out business valuations.
Concluding the Same….
The aspirants would also get the knowledge of the application of theories of criminology, and interdisciplinary approaches to introduce the investigative processes used by forensic accountants to identify, examine and prevent fraudulent financial activity. They will explore the implications of the law for the identification of sources of evidence, collection of evidence, and presentation of evidence in a manner most suitable for the purposes of their investigation and/or role in the litigation of a relevant matter. Hence, the objective of this course is to provide extensive and vast knowledge along with the practical application of forensic accounting to be applied in the BFSI sector.
