History
The CFF credential was established in 2008 to designate expertise in forensic accounting.Objectives of credentialing
The program objectives include: (i) enhancing the quality of forensic services and (ii) increasing public awareness of the CFF designation.Fundamental forensic knowledge
A. Laws, Courts and Dispute Resolution #Basic Civil and Criminal Laws and Dispute Resolution #Basic Federal and State Rules of Evidence #Basic Federal and State Rules of Procedure #Federal Courts #State Courts #Other laws, regulations and guidance #Other agencies B. Planning and Preparation #Accepting the Engagement #Understanding with Client #Initial meeting with Client’s Attorney #Determine required personnel and resources C. Information Gathering and Preserving #Document and Evidence Gathering #Document and Evidence Preservation and Retention #Interviewing D. Discovery #Requesting and examining other parties’ information #Assist in making client’s information available #Make forensic accountant’s own information available E. Reporting, Experts and Testimony #Testifying forensic accountant needs to supervise and control #Preparation of report and exhibits #Fact finding #Reports #Experts #Non‐expert testimonySpecialized forensic knowledge
A. Bankruptcy, insolvency and reorganization #Roles and responsibilities #Reporting Requirements #Bankruptcy valuation issues #Understanding of insolvency #Basic reorganization concepts B. Valuation #Interests in Business Entities, Pensions, Intangible property, Intellectual property, Interests in Estates and trusts, and others #Purpose #Engagement Considerations: Standards of Value, Premises of Value, Approaches, Methods C. Economic damage calculations #Economic damages ‐ businesses: Lost profits, Lost value, Extra costs, Lost cash flow, Mitigation, Restitution, Interest/time value of money, Out of pocket, Rescission, Unjust enrichment, Determination of Present Value date of damages, Methods of determining #Economic damages ‐ individuals: Lost earnings, Medical expenses, Burial costs, Lost household services, Cost of repairing or replacing property, Cost of loss of use of property, Interest/time value of money #Intellectual property: Patents, Copyrights, Trademarks/Trade names, Trade Secrets #Punitive Damages D. Family Law #Asset valuation #Asset tracing #Income determination #Collaborative law #Child Support #Alimony #Tax planning re distribution of assets E. Financial Statement Misrepresentations #Fraud #Financial Statement Misstatements #Asset Misappropriation #Foreign Corrupt Practices Act Investigations F. Fraud prevention, detection and response #Fraud Risk Governance #Fraud Risk Assessment #Fraud Prevention #Fraud Detection #Fraud Investigation #Reporting #Remediation G. Computer forensic analysis #Data integrity: Data imaging, Data recovery #Cyber crimeEligibility
To obtain the CFF credential, the applicant must: *Hold aReferences
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