CA NeWs Beta*: ICAI) will launch a 100-hour certified course in ‘Forensic Accounting

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Thursday, September 1, 2011

ICAI) will launch a 100-hour certified course in ‘Forensic Accounting

ICAI to offer course in forensic accounting
Special Correspondent Share · print · T+ ICAI to offer it
using IT and Computer-Aided Audit Tools

In a month's time, the Institute of Chartered Accountants of India
(ICAI) will launch a 100-hour certified course in ‘Forensic Accounting
and Fraud Detection' using IT and Computer Aided Audit Tools, said its
president G. Ramaswamy on Tuesday.

Talking to reporters, he said that the importance of Forensic
Accounting and Fraud Detection was increasingly felt by insurance
companies, banks, police and government agencies considering the
growing incidence of cyber crimes/frauds and corporate failures.

“Chartered Accountants with their sound grounding in accounting,
auditing, business and legal requirements are the most appropriate
professionals to offer these services. The requisite training and
knowledge set is proposed to be offered as part of the certificate
course. There is a need for specialisation.”

Mr. Ramaswamy said that at its recent Council meeting at Manesar, it
was decided to extend a year's training to articled assistants in the
national regulators and government organisations such as C&AG,
Ministries of Corporate Affairs, Law, Commerce and Finance, Reserve
Bank of India, SEBI, CBDT, CBEC, Income Tax and Revenue department.

“At present, training is offered to them in manufacturing and services
sector. We are expanding the scope to enable articled assistants to
gain practical knowledge and exposure in the specific areas of
accounts, law, taxation and audit related functioning of the
government departments. Our Council has already approved the proposal.
We have written to the Ministries concerned seeking their approval.”

To enhance the soft skills of students, ICAI will launch a four-week
compulsory General Management and Communication Skill course for all
students from the current academic year.

It will be offered in two stages of 15 days' duration each, in the
first and third year. The first course has to be undergone by the
students during the first year of articled training and another 15
days' during the last year of practical training. Training will be
imparted through group discussion and case study methods, he said


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CA Ramachandran Mahadevan,M.Com.,F.C.A.,

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