Of Interest
Forensic Accounting Credential Popular With CPAs

 
With 42 years of CPA experience, Grand Rapids CPA Dennis Echelbarger was a good match for the new forensic accounting credential.  
Since the launch of the Certified in Financial Forensics (CFF) credential last fall, 81 CPAs from Michigan – and more than 2,900 nationwide – have attained the specialty credential.

“The response to the CFF credential is much higher than we anticipated,” reports Stephen Winters, CPA, CITP, director, Specialized Communities & Practice Management at the AICPA. “From our research, we anticipated that CPAs would find value in a credential focused on forensic accounting. But the interest has significantly surpassed our projections.”

Recognizing the value of the new credential early on, CPA Dennis Echelbarger, of Echelbarger Himebaugh Tamm & Co., PC, Grand Rapids, was among early applicants for the CFF credential.

“I had been doing work in related fields – business valuation, investigation and litigation support – for many years. Plus, I’d attended a lot of business valuation and fraud conferences over the years, so the CFF credential was a natural fit for me,” explained Echelbarger.

Another EHTC firm member, CPA Diane L. Friar, holds the CFF credential as well as the Accredited in Business Valuation (ABV) credential. “The CFF credential helps distinguish the unique qualifications we can bring to the table,” added Echelbarger. “Attorneys we work with often comment that the CFF adds credibility to our work.”

The CFF encompasses fundamental and specialized forensic accounting skills that CPA practitioners apply in a variety of service areas, including:
  • bankruptcy and insolvency
  • computer forensics
  • economic damages
  • family law
  • fraud investigations
  • litigation support
  • stakeholder disputes
  • valuations.

“Anytime we’re doing a job that requires digging for facts, such as attest, litigation support and consulting work, we bring into play the skills that are representative of the CFF,” said Echelbarger. “Those skills include, but are not limited to, a heightened level skepticism. It’s almost a ‘burning’ need to get to the bottom of whatever it is you’re looking at.”

“As an auditor, you must have skepticism during an audit, particularly in times like these when people are doing things they normally wouldn’t do,” he adds. “With CFF work, you have to go beyond that level of skepticism.”

To qualify for the CFF credential, a CPA must be an AICPA member in good standing, have least five years' experience in practicing accounting, and meet minimum requirements in relevant business experience and continuing professional education. The application also takes into account CPE and education in forensic accounting as well as credential reciprocity in related fields.

To maintain the credential, CFF credential holders must meet a CPE recertification requirement by obtaining at least 60 hours of CPE over the preceding three-year period in forensic accounting subjects. Verification is accomplished by the CFF holder attesting to his or her compliance with this requirement.

For more information on the CFF credential and the application process, visit the AICPA Forensic & Valuation Services web site at http://fvs.aicpa.org and click on the Membership tab.




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