The Master of Forensic Accounting Program
The Master of Forensic Accounting (MFAcc) program is designed to provide a graduate professional accountant, or equivalent, with the skills, knowledge, insights and professional characteristics necessary to successfully respond effectively to:
the challenges of investigating fraud, other aspects of white-collar crime, money laundering, and other financial disputes, and
the provision of reports, advice and evidence to clients, lawyers and courts for the resolution of situations relating to possible or pending civil or criminal legal proceedings.
Consisting of 10 courses, the Forensic Accounting program will be delivered part-time over a period of two years, primarily on a distance learning, problem-based learning basis.
In today's business environment, fraud and financial discrepancies are becoming more common and more complex.
Forensic Accounting means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work to.
Forensic accountants often have to give expert evidence at trials. All of the larger accounting firms, as well as many medium-sized and boutique firms, as well as various police and government agencies have specialist forensic accounting departments.
"While Investigative & Forensic Accountants ("IFAs") usually do not provide opinions, the work performed and reports issued will often provide answers to the how, where, what, why and who. The IFAs have and are continuing to evolve in terms of utilizing technology to assist in engagements to identify anomalies and inconsistencies. It is important to remember that it is not the Forensic Accountants that determine fraud, but instead the court." David Malamed, Forensic Accountant, Toronto Ontario
The MFAcc Program trains Forensic Accountants to look beyond the numbers and deal with the business realities of situations.