Forensic Accounting Plays Vital Role in Philippines’ Financial Crime Investigations

In the Philippines, where financial crimes are on the rise, forensic accounting has become an essential tool in detecting and investigating fraud. The Certified Forensic Accountant (CrFA) program has gained popularity among professionals, particularly those working in the finance sector.

Enhancing Skills and Knowledge

The CrFA program has helped professionals like Abdani S. Marandang, Financial Analyst IV at the Department of Health, to enhance their skills and knowledge in forensic accounting. According to Marandang, “The trainer was very accommodating, and the program really helped me to my current job.”

Relevance and Utility

Mary Elaine S. Barlolong, owner-manager of MESB Bookkeeping Services, also found the CrFA program relevant and useful. She appreciated the focus on forensic accounting, including ways to detect fraud, examine evidence, gather evidence, and compute damages.

Expert Speakers and Materials

Gilbert T. Trinchera, a professional from KPMG Consulting (Phils.) Inc., praised the program’s speakers, saying they were competent and equipped with real-life experience in accounting, audit, and investigation skills. He also commended the materials provided, describing them as relevant, clear, and complete in capturing subject areas of forensic accounting.

The Importance of Forensic Accounting

The CrFA program has been designed to equip professionals with the knowledge and skills needed to conduct thorough financial investigations and detect fraud. As financial crimes continue to plague the country, such programs are becoming more essential than ever in helping investigators and auditors build a strong case against perpetrators.

Conclusion

In conclusion, the importance of forensic accounting cannot be overstated. The CrFA program has emerged as a valuable resource for professionals seeking to enhance their skills and contribute to the fight against financial crime. As the Philippines continues to grapple with financial irregularities, the role of forensic accounting will remain vital in detecting and investigating fraud.

Key Takeaways:

• Forensic accounting plays a crucial role in detecting and investigating fraud in the Philippines.
• The CrFA program has been gaining popularity among professionals in the finance sector.
• The program enhances skills and knowledge in forensic accounting.
• Experts praise the program’s speakers and materials.
• Forensic accounting is essential in building a strong case against financial criminals.