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    Section News – Forensic Section’s First Business Meeting
    blog entry posted July 31, 2009 by Tracey Sutherland, last edited March 31, 2012 
    1259 Views, 5 Comments
    Section News – Forensic Section’s First Business Meeting

    The Forensic and Investigative Accounting Section is holding its first Business Meeting and a Breakfast during the 2009 Annual Meeting, both on Wednesday morning. Be on the lookout for news from this new community of accounting colleagues!

    “What the use of finger prints was to the 19th century and DNA analysis was to the 20th, forensic accounting will be to the 21st century.”
    - Gordon Brown, Chancellor of the Exchequer, 10 October 2006.



    • Robert E Jensen
    • Robert E Jensen

      Forensic Accounting Helper Site

      December 7, 2011 message from Emma

      Hi Bob,

      Thanks for getting back to me!

      When I graduated from college I realized that forensic accounting was something that a lot of fellow students were really interested in. However, people knew very little about what it was or how their skills could be applied to a career in the field. Basically, I'm trying to create something that acts as both an educational resource and a primer/gateway for people who want to learn more about the academic and professional nature of forensic accounting. The site is located here: (link removed at the request of Forensic Accounting) , and I'd really appreciate any feedback you might have. If you like it, I'd be great if you could include it on your site as a resource for others.

      Thanks again!


      Jensen Comment
      The University of West Virginia now has a "Graduate Certificate in Forensic Accounting and Fraud Investigation (FAFI)" ---

      Forensic accountants in demand

      The widespread growth in white-collar crime and the increased need for homeland security have greatly raised the demand for forensic accountants, fraud investigators and for auditors who posses those skills. Federal, state, and local governmental agencies, such as the Securities and Exchange Commission, the Internal Revenue Service, and the Offices of Inspector General all need accountants with forensic investigation skills. In the private sector, recent legislation (Sarbanes-Oxley Act of 2002) and auditing standards (Statement on Auditing Standard No. 99) require companies and their auditors to be more aggressive in detecting and preventing fraud.

      A unique program to answer the need

      The Division of Accounting has responded to this demand by developing an academic program designed to prepare entry-level accountants and others for forensic accounting and fraud investigative careers. Although many schools have added a single graduate or undergraduate course to their curricula, very few offer a multi-course graduate certificate program. This program is the only one in the region.

      The 12-credit graduate Certificate Program in Forensic Accounting and Fraud Investigation (FAFI) is offered during the summer. Students may take two paths to earn this certificate:

      • Option 1: Complete a four course stand-alone non-degree graduate certificate program curriculum, or
      • Option 2: Complete a Master of Professional Accountancy (MPA) degree plus two additional certificate courses.

      WVU developed the National Curriculum

      Drs. Richard Riley and Bonnie Morris led the effort to develop national curriculum guidelines for fraud and forensic accounting programs for the National Institute of Justice.

      Association of Certified Fraud Examiners ---

      Bob Jensen's threads on fraud are at

    • Robert E Jensen

      The Current Mess and Confusion of Certification of Forensic Professionals

      March 30, 2012 message from Dennis Huber

      This was brought to my attention today by a fellow AECMer. (Don't know if it's OK to say who, so I'm not.) 
      "The Association of Certified Financial Crime Specialists (ACFCS) is a member organization for private and public sector professionals who work in various disciplines that control, detect and combat financial crime. Financial crime encompasses fraud, money laundering, and corruption, as well as counter efforts including institutional and corporate compliance and due diligence programs, regulatory and enforcement efforts of government agencies, and the recovery of assets wrongfully taken or held by financial criminals.
      By 2013, ACFCS will offer the Certified Financial Crime Specialist certification, a rigorous examination and certification process that will be constructed according to top testing and psychometric standards."
      For more information check it's web site:
      However, since it was not yet stated on its website, I thought I would check it out. I found that the ACFCS was incorporated in Florida on December 9, 2011 as a for-profit corporation owned by Charles and Joy Intriago (brief bio for Charles given on the website).
      Charles Intriago is co-founder of the Association of Certified E-Discovery Specialists (AECDS), a FL for-profit corporation ( and "co-founded, with Joy Meason Intriago, the Association of Certified Anti-Money Laundering Specialists (ACAMS,, which is the world's leading credentialing organization for private and public sector persons in the anti-money laundering field. They also formed the International Association for Asset Recovery in 2008." ACAMS is also a for-profit FL corporation.

      March 31, 2012 reply from Bob Jensen

      Hi Dennis,

      One of the problems in for-profit corporations in the certification business is the moral hazard of conflict of interest.

      It's been found that many arsonists are paid fire fighters, including some fire fighters who have started the worst forest fires in history.

      One of the worst problems for computer and networking security is that some for-profit companies spreading anti-virus and anti-malware Trojan horses are the same companies that sell the computer and network protection services for taming Trojan horses.

      I think your last option is the best option --- certification of forensic specialists should involve government regulation in some form or another. Another alternative is for respected professional organizations to take forensic certification under their wings. For example, the Federal Bar Association might create a special branch for examining and certifying lawyers who want to be forensic specialists. NASBA could create a special branch for examining CPAs who want to become forensic specialists.

      Instead of the silly CGMA joint effort of the IMA and AICPA maybe these two respected professional organizations could begin a much more serious joint effort for certifying forensic accountants.

      Bob Jensen



    • Robert E Jensen

      Digital Forensics and Cyber Security Center at the University of Rhode Island ---

    • Robert E Jensen

      Fraud Analytics: Strategies and Methods for Detection and Prevention
      by Delena D. Spann, United States Secret Service, Chicago Field Office
      ISBN: 978-1-118-23068-8
      October 2013
      176 pages

      There are only three reviews to date at Amazon. Two reviewers give it five stars and one reviewer only gave it the lowest possible rating (one star) ---
      The low rater is Brian Spiering. I don't know him, but he claims to be a quant.

      I might add that I'm not an optimist for fraud analytics. There are just too many non-stationarities, missing variables, covariances, and issues of outliers. Still this might be a useful reference book even if Spiering is correct about the poor writing and lousy cases. Then again maybe the two high raters are more discerning.

      Bob Jensen's Fraud Updates ---