Certified Bank Forensic Accounting
Encyclopedia
Certified Bank Forensic Accountant
(CBFA) is a banker or a banking professional or a banking consultant who has undergone training to become an expert in the banking frauds domain, forensic auditing related to banking sector, litigation support and investigative accounting. This program is one of the foremost certification focusing on the frauds in the banking and financial institutions domain.
Certified Bank Forensic Accountant
(CBFA)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
Indiaforensic Center of Studies offers three certifications viz.
and at least three years of experience in the banking domain is essential.
Additionally, Indian Banking Regulator Reserve Bank of India
, has issued a circular on 16th September'2009, which requires banking companies to impart the training on forensic auditing. Certified Bank forensic Accounting program is exactly in line with the requirements of RBI circular. Employees of Risk,Intelligence,Compliance, Vigilance and Fraud Control can directly apply for examinations.
The exams are computer based and the self assessment test needs to be completed before the final examination needs to be completed.
Forensic accountant
Forensic accountants are experienced auditors, accountants, and investigators of legal and financial documents that are hired to look into possible suspicions of fraudulent activity within a company; or are hired by a company who may just want to prevent fraudulent activities from occurring...
(CBFA) is a banker or a banking professional or a banking consultant who has undergone training to become an expert in the banking frauds domain, forensic auditing related to banking sector, litigation support and investigative accounting. This program is one of the foremost certification focusing on the frauds in the banking and financial institutions domain.
Certified Bank Forensic Accountant
Forensic accountant
Forensic accountants are experienced auditors, accountants, and investigators of legal and financial documents that are hired to look into possible suspicions of fraudulent activity within a company; or are hired by a company who may just want to prevent fraudulent activities from occurring...
(CBFA)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
Professional body
A professional association is usually a nonprofit organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.The roles of these professional associations have been variously defined: "A group of people in a...
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
Indiaforensic Center of Studies offers three certifications viz.
- Certified Forensic Accounting ProfessionalCertified Forensic Accounting ProfessionalCertified Forensic Accounting Professional is a person who has undergone training to become an expert in the field of forensic accounting, forensic auditing, litigation support and investigative accounting....
- Certified Anti-Moneylaundering Expert
- Certified Bank Forensic Accounting
Academic requirements
Generally, applicants for CBFA certification have a minimum of a bachelor's degreeBachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
and at least three years of experience in the banking domain is essential.
Additionally, Indian Banking Regulator Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
, has issued a circular on 16th September'2009, which requires banking companies to impart the training on forensic auditing. Certified Bank forensic Accounting program is exactly in line with the requirements of RBI circular. Employees of Risk,Intelligence,Compliance, Vigilance and Fraud Control can directly apply for examinations.
Eligibility
In order to be Certified as a Bank Forensic Accountant one must meet the following requirements:- Be at least a graduate from the Recognised UniversityUniversityA university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
- Have professional experience of at least three years
- Pass the CBFA examination conducted by Indiaforensic Center of Studies with at least 75% marks
- Be of high moral characterMoral characterMoral character or character is an evaluation of a particular individual's durable moral qualities. The concept of character can imply a variety of attributes including the existence or lack of virtues such as integrity, courage, fortitude, honesty, and loyalty, or of good behaviors or habits...
Modular Certifications
Indiaforensic Center of Studies offers the modular certifications to the bankers carved out of Certified Bank Forensic Accountant course. Some of these modular certifications are- Credit card frauds certification,
- Laws pertaining to banking frauds certification,
- Financial statement frauds certifications.
Examination
Examinations offered by Indiaforensic Center of Studies and Moderated under the bylaws of Forensic Accounting Research Foundation which consists of 200 multiple option questions and single paper on banking frauds and money laundering.The exams are computer based and the self assessment test needs to be completed before the final examination needs to be completed.