Introducing Diploma of Investigative and Forensic Accounting: A Case Study in Lebanon

Introducing Diploma of Investigative and Forensic Accounting: A Case Study in Lebanon

DIFA, Diploma of Investigative and Forensic Accounting, is increasing acceptance due to it is importance in facing corruptive business practices and financial theft. Nevertheless , the shortage of Forensic Accounting (FA) is still noticed in countries of opaque business practices. Furthermore, only few universities across the world are introducing DIFA, thus a major work must be done to shed the light on the value of the diploma in the first place and then offer it as an official diploma with classes relating to FA whether in universities or financial institutions. consultanta fiscala Iasi

The major concern is based on the fact that Forensic Accounting is neither provided in universities as a diploma or degree, nor at financial establishments to find fraud and make legal court studies. In many universities of Canada and the usa, the DIFA, is being within the curriculum in order to recruit new students and provide skills set for career advancement through development of a specialized specific niche market. Among the objectives of the Alliance for Excellence in Investigative and Forensic Accounting (Alliance), established by the Canadian Institute of Chartered Accountants (CICA), is to develop and manage a specialist documentation program. This kind of diploma is designed as an extensive program for someone who wishes to practice in this area. CERTIFIED PUBLIC ACCOUNTANT (CPA), CFA, CIA are cases of certificates granted in Lebanon, yet , no degree or diploma is available related to Forensic Accounting. Consequently, it could be a diploma or degree given in language classes that grant CPA or any type of other documentation related to auditing or accounting.

Furthermore, the value of adopting FA in the universities’ accounting program is highlighted especially that its demand for it is increasing gradually. These kinds of adoption has a huge probability of enhance students’ skills and competencies and could be used as a veritable resource from where fraud could be mitigated. Fresh graduates can as well attain the DIFA program that provides a broad selection of knowledge and skills to undertake financial research. This range includes accounting, audit, tax knowledge, fraudulence knowledge, familiarity with law and rules of evidence, an investigative mentality and critical skepticism, comprehension of psychology and motivation, and strong communication skills (Stott, 2005).

The program focuses on knowledge and skills that can be best taught and examined face-to-face: such as handling a face-to-face conference with a client, meeting with skills, and testifying in court as an expert witness. DIFA supports accountancy firm with the information and skills needed to bridge the gap between existing quantification models and principles and different litigation contexts (Stott, 2005).

Based on detailed statistics of survey results conducted in Lebanon, being a country of funeste business practices, to identify the certificates a forensic accountant must have got revealed that:

59. 09% of the respondents thought that all a forensic documentalist really should have a DIFA;
31st. 82% proposed that CERTIFIED PUBLIC ACCOUNTANT is the needed qualification (Certified Public Accountant);
20. 91% thought that CFA is the proper one (Chartered Financial Analyst);
10. 00% mentioned various other certification.
2. 12% of the participants didn’t find it necessary to have any documentation to become a forensic accountant.
Furthermore, the connection between occupation and the respondents’ judgment about the types of certifications which a forensic accountant must have got was also studied. The pursuing breakdown shows the proportions of respondents who offered that DIFA is the important recognition based upon job occupation.

69. 10% of the respondents employed in bank or insurance
51. 60 per cent of the respondents working in finance
72. 70 percent of the respondents employed in education
80% of the respondents working in management
Nevertheless , almost all of the participants in the accounting field thought that all CPA (CERTIFIED PUBLIC ACCOUNTANT) is the sort of recognition that should be possessed by the forensic accountant with a 77. 10%. Persons doing work in accounting usually are likely to pursue a CERTIFIED PUBLIC ACCOUNTANT (CPA) degree for the help it provides in this domain.

In addition to the above, the connection between experience and the respondents’ judgment about the types of documentation that a forensic accountant must own was also studied. The results, based upon those who choose DIFA as the needed certificate, were as follows:

most respondents with more than two years’ experience thought that DIFA is the needed recognition to practice FA
fifty-one. 90% of respondents with 2 years’ experience and less thought that DIFA is the needed recognition to rehearse FA;
68. 80 percent between 2 and six years of experience thought that DIFA is the needed documentation to rehearse FA;
55. 40% of the people with less than 2 years or any experience at all thought that CERTIFIED PUBLIC ACCOUNTANT is the sort of documentation which should be possessed by the forensic accountant.


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