This also applies when recommending enquires of or discussions with management – it must be clear in your answer what it is the engagement team should ask of them, eg have they informed the police, has the suspect been suspended, have they informed the insurer etc. ISCA is a Member of Chartered Accountants Worldwide, (65) 6749 8060 Contact information for your local office, Virtual classroom support for learning partners, Institute of Singapore Chartered Accountants. ‘We’ve seen expert witnesses not discharging their primary duty to the court in an impartial manner; we’ve seen glaring electronic evidence not picked up in an investigation; we’ve seen people extracting electronic evidence in a way that the evidence may not stand up in court; we’ve seen cyber investigations conducted in a way where key electronic evidence was destroyed in the process. He adds: ‘When I was managing the white-collar crime investigation programme for law enforcement agency officers, the simple mental approach which I advocated to participants is what I loosely called the ABC dictum of investigation: A, assume nothing; B, believe nothing; C, check everything. Obtain the profit forecast for the period covered by insurance, and cast for mathematical accuracy.

The second step would be to gather evidence to quantify the loss, ie the amount to be claimed. The qualification includes the following focus areas: Click on the respective boxes below to find out more.

(Answer 2), Helen Barrett is a forensic accountant and a freelance lecturer, "To be awarded marks in the exam, your procedures cannot be vague. Many companies encourage obtaining the Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), and/or Chartered Accountant (CA). Be careful in the exam not to detract from an otherwise professional answer by getting carried away with suggestions such as taking fingerprints or DNA evidence or blood samples, or catching and punishing the culprit – that is not the role of an accountant.


Recent exam sittings have shown that students have rote-learnt the definitions or meaning of these terms, but do not necessarily understand them. The global body for professional accountants, Can't find your location/region listed? A similar process might apply in partnerships, when one partner wishes to leave the partnership and is being bought out by the remaining partner(s). In these types of engagement, the forensic accountant would also provide an opinion on whether the duty of care owed has been breached, ie whether the audit or other accountancy service was performed in accordance with current standards in practice, legislation and techniques. Forensic engagements will include a detailed and wholesale review of all documentation and electronic evidence available.

The ISCA Financial Forensic Accounting (FFA) Qualification, leading to the conferment of the ISCA Financial Forensic Professional (FFP) credential, is the first applied learning financial forensic qualification developed by a professional body in the region, with inputs from leading financial forensic experts from public and private sectors. Forensic accounting integrates investigative, accountancy, and communication skills. In order to design appropriate procedures you must identify the type of forensic accounting engagement, and the specific type of fraud, insurance or negligence claim. Any method of obtaining evidence can be used in a forensic accounting engagement – this is not a limited assurance engagement in which procedures are likely to be restricted to enquiry and analytical procedures. An insurance claim would require determination of how much the client should claim from the insurer. Please visit our global website instead, Can't find your location listed? To be awarded marks in the exam, your procedures cannot be vague. For example, data matching bank accounts used for paying suppliers with bank accounts for paying employees, exception reports identifying employees who are not taking holiday, etc. Please visit our global website instead, Can't find your location listed? The opinion given by the expert accountant must be reasoned, and backed up by evidence. Most witnesses are 'witnesses of fact', ie they can only provide evidence on what they saw, did or heard. They would review the profit forecast in comparison with the actual outturn to determine the amount of profit lost and the first step would be to ensure that it adds up correctly. Question: Which of the following would be a valid statement to include in a witness statement from an expert witness, but not a professional witness?
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. A bachelor’s or master’s degree in forensic accounting, accounting, finance or a related field is required for forensic accountants. For example, quantifying the theft of goods will be very different from quantifying a loss from payroll or ‘ghost employee’ fraud or loss of profits following a business interruption (as discussed above).


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