Certification in

Bank Forensic
Accounting

Candidate’s
Guide to
Certification
 Indiaforensic
Overview
In India Forensic Accounting is still in nascent stage and it becomes very
difficult to find and retain the forensic accounting resources in India.
Bank Forensic Accounting is an endeavor to meet the growing demand of
the forensic accountants in the country. As a first step towards this
initiative Indiaforensic Research Foundation has forayed into Bank
Forensic Accounting. The primary reason for choosing banking sector is
very simple. India has not witnessed much corporate failures, which
were observed in USA or Australia in past few years. But in most of the
frauds that India has witnessed banks were the ultimate victims.

For an unknown reason the banks are hesitant to appoint the external parties for preventing, detecting and investigating
the frauds. They believe more in their internal audit teams for investigation of the frauds. Though this may be the subject
of criticism we respect the decision of the bankers and in order to equip the vigilance departments of the Nationalized
and Co-operative banks we have launched this course on Bank Forensic Accounting which is probably the first of its
own kind. Co-operative bank failures have led to a growing awareness of the need for accounting and finance
professionals to acquire skills to identify and act upon indicators of poor corporate governance, mismanagement, fraud
and other unethical behavior.
Traditional accounting and finance education focused on transactions and how they were recorded and interpreted. It is
now necessary to identify the underlying characteristics of these transactions, including potentially unethical or
fraudulent behavior.

The Certification in Bank Forensic Accounting builds on the skills acquired in the Graduate Certificate by introducing a
global/international focus and specialized areas including banking, police, transnational fraud, financial terrorism and
eCommerce.

On completion of the course students will gain the forensic skills to:
- identify indicators of fraudulent activities
- undertake forensic analysis and assessment of risk factors
- predict/anticipate fraud

Analytical skills will involve:

- investigative methods
- analysis of financial information
- systems methodology for investigation $ 100
- statistical techniques

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 Indiaforensic
Membership
Indiaforensic Research Foundation is the organized effort to combat the
frauds. There are two ways to become the member of Indiaforensic Research
Foundation.

• Associate Membership - Where the candidate is actually not certified but is

associated with Indiaforensic Research Foundation in some other capacities.
These members are only for the limited purpose of Networking. They only
enjoy the benefits as mentioned in the Networking Agreement.
• Certified Members - Where the participants who actually certify in this exam is
a certified member of the Foundation

Members who certify in this exam enjoy the following benefits apart from the employment offers and job
opportunities.

ƒ Certification in Forensic Accounting – Nationally preferred credential that can help you advance your career
and position yourself as an expert in the profession

ƒ Member Exclusive Publications - Fraudtoday, Fraud Today is a subscription-based website that provides tools,
templates and resources to help you save time, stay up-to-date, and manage fraud risk in Business. The material
is focused on fraud prevention, detection and investigation.

ƒ Anti-Fraud Training – Shop the virtual Bookstore for Indiaforensic -recommended books and manuals, self-study
products and resources, available in a variety of formats including DVD, CD and VHS

ƒ Opportunity to work with the leaders – In the year 2007 we are inviting the contributions from the certified
members for the research of the organization. This will create additional opportunity for the members to earn
revenues based on the quality of research they provide.

ƒ Exclusive Resources & Tools – Indiaforensic members also benefit from various tools and publications Fraud
Information and Articles (searchable database) Access to the all white papers that will be published by
Indiaforensic Research foundation

ƒ Professional Community - Join the network of anti-fraud specialists where you can share techniques, learn best
practices and expand your skills

ƒ Online Resources - Post questions and gain insight in one of our dedicated forums or find employment
information in the virtual Career Center

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 Indiaforensic
Intake
Looking at the growing demand for the course Indiaforensic Research
Foundation has decided to increase the intake of the students. From
this year in addition to the Indian Students the course is made open
to the whole banking world. There will be however exemption to the
international students from the legal aspects of the bank frauds. Laws
covered in the syllabus are specific to India. However the
classification system of the bank frauds and the prevention methods
play a crucial role hence these topics are same for national as well as
international students.

Course on Bank Forensic Accounting 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. Students are chosen based on the predetermined parameters. They are admitted only
on successful completion of desired points. Indiaforensic Research Foundation accepts the application for its
courses only twice in a year. The Applications are sought in the month of July and January.

• Registration Start Date:

01.01.2009

• Application Close Date

Domestic and international applications: Application for CBFA can be made any time during the year.

Scholarship Application Closing Dates:

Applications for the scholarships should reach us by 15th ' 2007. The address for communication is
education@indiaforensic.com

• Number of Students

Every time the registration opens for 40 students

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 Indiaforensic
Fee Structure
There are two methods of payment of the fees. Either the funds can be
transferred electronically or the Demand Draft can be send to the postal
address of Indiaforensic Research Foundation. Request the bank account
details for transferring the funds at education@indiaforensic.com

The demand draft should be drawn in Favor of "Indiaforensic Research

Foundation" If there are more than five participants from the single
organisation appearing for the certification in bank forensic accounting avail
discounts by writing us education@indiaforensic.com

Domestic Students International Students

Course Registration Fees INR 2000 USD 50

Curriculum Fees INR 9000 USD 225

At a Glance
Examination Fees INR 2000 USD 50
Computer Based Examination.
Certification Fees INR 2000 USD 50
Participants can decide upon the
Total Fees INR. 15000 timings and dates.

Login and Password will be supplied

24 hours before the Exams.

What do you learn? Single Exam of 100 objective

ƒ Classification of the Bank Fraud schemes questions.

ƒ Legal Aspects involved in the Bank Frauds

Passing level 75%........need to
ƒ Flying Cheque schemes
solve 75 questions correct.
ƒ How to draft the Fraud Policies?
ƒ How to combat the technological shenanigans?
Scores will be generated in the
ƒ Sensitivity of the ATM card and Credit cards to
encrypted format
Frauds?
ƒ Reserve Bank of India Circulars on Fraud Results declared within 15 days of
ƒ Why did the Banks failed worldwide? receipt of encrypted file
ƒ Introduction to money Laundering

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 Indiaforensic

Examination Application Form

(Application form for exams to be conducted from September’2006 onwards)

I. QUALIFICATIONS FOR MEMBERSHIP

Only members associated with Indiaforensic Research Foundation are eligible for taking the
examination. This application is for the participants applying for the exam and has not registered
for the membership before. After being approved as member, you will be intimated separately.

The application fee is non-transferable and is non-refundable once approved.

INDICATE MEMBERSHIP LEVEL DESIRED (Incomplete applications will not be processed.)

… Membership Fee – Rs.500

… Examination Fee – Rs. 15000

II. PERSONAL

Dr./Mr./Mrs./Ms._______________________________________________________________

Other Designations_____________________________________________________________

Home Address_________________________________________________________________

City__________________________________________________________________________

State/Province_________________________________________________________________

Zip/Postal Code________________________________________________________________

Country_______________________________________________________________________

Home Telephone_______________________________________________________________

Home Fax____________________________________________________________________

Home E-Mail Address___________________________________________________________

Name you want on Certificate_____________________________________________________

III. EMPLOYMENT

Employer_____________________________________________________________________

Title_________________________________________________________________________

Address______________________________________________________________________

City__________________________________________________________________________

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State/Province_________________________________________________________________

Zip/Postal Code________________________________________________________________

Country_______________________________________________________________________

Business Telephone_____________________________________________________________

Business Fax__________________________________________________________________

Years Employed_______________________________________________________________

Business E-Mail Address_________________________________________________________

Web Site Address_______________________________________________________________

Preferred Mailing Address: - Home - Business________________________________________

IV. PAYMENT

Cheque/Draft Number ___________________________________________________________

Drawn in Favour of (Name of the Bank) _____________________________________________

Payable to Indiaforensic Consultancy Services

(Payment should be sent to Indiaforensic Consultancy Services,209,Indulal Commercial Complex, L.B.Shastri Road ,Navi
Peth,Pune-411030)

Cheques and Demand drafts are subject to realisation

V. EXAMINATION DETAILS

Preferred date of examination_____________________________________________________

(The date of examination can not be earlier than 91 days from the date of registration)

Type of Examination

… Online Examination
… Pune Center

VI. CERTIFICATION

Have you ever been convicted of a felony or misdemeanor involving moral turpitude?
… Yes
… No
… If so, please describe (attach written statement if necessary).

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 Indiaforensic

I certify that the above is true and correct to the best of my knowledge. Falsification of any
information on this application is grounds for denial or revocation of membership. If this
application is accepted, I agree to abide by the Bylaws and Code of Professional Ethics
of the Indiaforensic Research Foundation. Membership is a privilege and not a right.
Qualifications are established by the Board of trustees, whose decisions are final. I consent to the
storage of my personal data in the Indiaforensic Research Foundation’s offices in India and its
regional offices, and by its local chapters.

Signature

Date
Place
 Indiaforensic

Appendix – I
How to calculate eligibility for the examination

Academic Requirements

Generally, applicants for Forensic Accounting certification have a minimum of a Bachelor's

degree (or equivalent) from an institution of higher learning. No specific field of study is required.
If you do not have a Bachelor's degree, you may substitute years of fraud-related professional
experience for each year of academic study. When you apply, you will be awarded qualifying
points for the specific level of education you claim.

Professional Requirements

At the time you are certified, you must have at least two years of professional experience in a
field either directly or indirectly related to the detection or deterrence of fraud.

The Point System

The Course eligibility is decided on the basis of Point system in order to maintain the High ethical
standards of the Designation. In order to get certified minimum 40 points are required. The
candidate can appear for the examination before having requisite points but will be awarded
certification only after completion of the eligibility criterion and membership fees.

Calculate the eligibility on your own.

Education/Experience Points Comments

Graduation B.Com, B.Sc, B.A 15 Points ( 5 Points each Engineering graduates will be
for every year of awarded 20 points. Award 5
completed education ) points more for the Merit
Ranking.
Post Graduation Same Rule applies
Ph.D No rule applies The Doctorate Candidates can
directly appear for the exams

Work Experience Award 5 points for every In the field of Auditing,

year of Experience Accounting, Banking

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