Forensic Accounting Qualification

Forensic Accounting Qualification

Forensic Accounting 

Forensic accountants are highly skilled in analysing and preparing financial information for a court of law, which requires a combination of accounting, auditing, law and investigative skills and knowledge. The aim of this program is to produce graduates within the highly specialised field of forensic accounting. As part of the requirements to become a recognised specialist in Forensic Accounting, the Department of Accounting and Corporate Governance, Macquarie University in partnership with the Chartered Accountants Australia and New Zealand (CA ANZ) is offering two pathways to forensic accounting qualification with the following learning outcomes, learning styles and assessments.

Learning outcomes

1. Forensic accounting

  • Describe forensic accounting, the structure and key characteristics of the legal systems.
  • Differentiate between litigation and common methods of alternative dispute resolution methods.
  • Identify key steps and concepts involved in civil, criminal and administrative procedure.
  • Explain aspects of the law of evidence relevant to forensic accounting engagements.
  • Apply legal, ethical and professional obligations relevant to accountants performing forensic accounting engagements.

2. Investigation engagements

  • Prepare an investigation plan.
  • Discuss issues relevant to properly obtaining and handling evidence.
  • Analyse a variety of potential evidence sources and assess relevance.
  • Appraise investigation reports and issues related to their preparation and use.

3. Loss and damage and other dispute engagements

  • Outline legal principles relevant to the quantification of damages.
  • Apply techniques commonly used in the quantification of damages.
  • Differentiate between damages and other financial remedies.
  • Explain considerations related to the specialised areas of insurance and family law disputes.
  • Appraise expert reports and issues related to their preparation and use.

4. Forensic accountants and the court

  • Explain the role of the forensic accountant in the courtroom or tribunal.
  • Evaluate procedures for adducing evidence in court or other forum.
  • Demonstrate an awareness of courtroom etiquette and factors relevant to effective courtroom communication.
  • Demonstrate an understanding of the special nature of quasi-judicial roles such as Special Referees, Court-appointed experts and expert determinations.

Learning styles and assessments

  • Interactive sessions
  • Case studies
  • Project work
  • Readings taken from textbooks, journals, websites and other sources
  • Reflective activities
  • Workshops or practical activities
  • Self-study activities &
  • Online discussion forums.

Pathway 1

Graduate Diploma in Forensic Accounting

The Graduate Diploma in Forensic Accounting provides a qualification for specialists in the expanding niche market of forensic analysis. The Graduate Diploma is offered as an accreditation to students and industry practitioners to recognise their skills, knowledge and experience in a specific niche market. The Graduate Diploma includes a set of units covering the requisite knowledge and the application of theory to practice in the area of forensic accounting, fraud detection, dispute resolution and the legal system.

The units are:

  • ACCG888 Investigation Engagements
  • ACCG889 Loss and Damage and other Dispute Engagements
  • ACCG891 Forensic Accountants and the Courts
  • ACCG847 Forensic Accounting

Pathway 2

The Department offers online course or Face-to-Face intensive workshops in the form of a set of modules covering the requisite knowledge with the application of theory to practice. The face-to-face workshops or online course have been built specifically to meet the needs of CA ANZ members who wants to become specialists in forensic accounting and recognised for their advanced skills and knowledge.

The two-day face-to-face workshop is offered in Sydney and Melbourne and both (face-to-face workshops and online course) will consist of the following four modules:

  • Module 1 - Forensic accounting and the legal system
  • Module 2 - Investigation engagements
  • Module 3 - Loss and damage and other dispute engagements
  • Module 4 - Forensic accountants and the court
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