FAQs

The program is ideal for CPA's who wish to enter the field of forensic accounting practice, those already engaged in accounting roles who want to enhance their careers by specializing in forensic accounting, or internationally trained accounting professionals who are interested in a career in forensic accounting.

This program appeals to a wide range of individuals from various academic and professional fields, but mainly accounting, business, and law. Participants often include accounting professionals from international, regional, and local firms, as well as professionals from public sector organizations and private corporations. Additionally, it attracts aspiring entrepreneurs interested in launching their own forensic accounting practices.

Job titles of past participants include

The MFAcc Program is offered part-time, and delivered online via Zoom. This interactive learning format is designed to be accessible and convenient for the working professional, whether international or domestic, allowing participants to engage with content and instructors from anywhere. 

Live interactive sessions, recorded materials, and online resources are available to ensure a comprehensive and dynamic learning experience.

Notes:

• The final course, IFA2904H: Integrative Capstone, is the only course held in-person at the UTM campus. It is held in mid-August, and is 1 week in duration.
• There is no full-time or "in-class" option.

Minimum Admission Requirements

• Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Institute for Management & Innovation's additional admission requirements stated below.
• An appropriate bachelor's degree from a recognized university in commerce, business administration, accounting, or relevant field with standing equivalent to at least a University of Toronto mid-B (72.5% or 3.0 GPA) in the final year.
• Two years of relevant experience in business.
• Submission of an official MFAcc application via the SGS online application system.

The MFAcc program begins annually in September. No other entry point is offered.

The MFAcc Program is a 24-month, professional graduate master's program, with a break in each summer.

MFAcc classes are held one night a week, on Tuesday OR Wednesday evening, from 7:00 PM to 10:00 PM EST/EDT. 

There are 10 courses in the MFAcc program. Courses are taught one at a time. Each course is taught over an 8 – 10 week period that includes a final examination.

MFAcc is designed to be manageable for working professionals. Each course typically requires a time commitments of approximately 10 hours per week, including live class sessions, independent study, and completing assignments. 

This is an approximation. The weekly time commitment varies based on individual pace. We recommend scheduling consistent study time each week to stay on track and to engage with the course materials.

The MFAcc program does not have a formal job placement component. However, participants benefit from valuable networking opportunities with peers and faculty throughout the program. Additionally, we maintain a LinkedIn group for MFAcc Alumni, where employers can post job openings and our growing community can connect.

Our program boasts a strong and growing network of over 450 alumni of the MFAcc and DIFA program, who have gone on to achieve great success in forensic accounting. This community provides valuable connections, mentorship and career opportunities, offering support after graduation.

Upon successful completion of the MFAcc program, you will have earned your Master's Degree. Participants will receive a graduate diploma from the University of Toronto at the convocation ceremony, indicating they have fulfilled the diploma and degree requirements of the program.

You can start your application for the MFAcc program on October 1st, annually. The application process is in digital format and is completed through the SGS Online Application Portal.

Apply Now

The application deadline is June 15th, annually.

To apply for the MFAcc Fellowship and MFAcc Tuition Support Program you must complete your application by May 15th, annually.

The MFAcc application process is in digital format and is completed through the SGS Online Application portal. You must submit the following:

• $300 Application Fee
• Official transcript of each university (post-secondary institution) attended
• 2 letters of reference
• Resume or CV
• Copies of designations or other certificates if available
• English Language Proficiency results (if applicable)

The admission process for the MFAcc program is competitive, as we receive a large volume of applications each year for a limited number of spots in our class of 20-30 students.

We carefully review each application to ensure we select the candidates who are best suited for the program's curriculum and who will contribute to the dynamic learning environment.

If you are considering applying, we encourage you to contact our office for any guidance or questions you may have.

Contact Us

Yes, non-CPAs are welcome and encouraged to apply. While many participants in previous cohorts have held a Canadian or international CPA designation, or are in the process of obtaining this designation, it is not mandatory.

Applicants without a CPA designation can still apply to the program, provided they have taken the prerequisite introductory accounting courses, and have relevant professional work experience. Admission is based on the combination of these factors. 

Yes, you are eligible to apply to the program, however, you must complete 2 courses before you can begin the MFAcc program in September.

You must complete two introductory accounting courses for admission purposes, they are: 

• Introductory Financial Accounting and, 
• Introductory Managerial Accounting.

Provided below are pre-approved courses that meet our admission requirements. Additional qualification courses taken at an institution not listed below require Director approval. 

Athabasca University: 

Introductory Financial Accounting

https://www.athabascau.ca/syllabi/acct/acct253.php 

Accounting for Managers 

https://www.athabascau.ca/syllabi/acct/acct250.php 

Toronto Metropolitan University: 

Introductory Financial Accounting

https://continuing.ryerson.ca/search/publicCourseSearchDetails.do?method=load&courseId=23977 

Introductory Management Accounting

https://continuing.ryerson.ca/search/publicCourseSearchDetails.do?method=load&courseId=23711

Thompson Rivers University: 

Financial Accounting

https://www.tru.ca/distance/courses/acct2211.html 

Management Accounting

https://www.tru.ca/distance/courses/acct2251.html

University of Toronto – School of Continuing Studies: 

Accounting Fundamentals 

https://learn.utoronto.ca/programs-courses/courses/0984-accounting-fundamentals   

Management Accounting 

https://learn.utoronto.ca/programs-courses/courses/0983-management-accounting 

The annual fees below are approximate for 2024-2025 and are subject to change.

Notes:

• The tuition and incidental fees are ANNUAL (per year) fees, and the program is 2 years in duration.
• The fees are in Canadian Dollars.
• The costs of books, e-texts and other readings are included in the tuition cost of the program.

No. MFAcc is ineligible for OSAP.

While the MFAcc program does not offer scholarships or direct funding, we do offer the MFAcc Fellowship and the MFAcc Tuition Support Program to help make the cost of the program more manageable. Please note that there is an application process for this support, and not all applicants receive funding. For more information, and how to apply please visit, Tuitions & Financing.

The MFAcc program does not offer any fully funded scholarships.