IFAP, ICFA USA/Canada, IFA Zimbabwe and the IFA Nigeria

IFAP, ICFA USA/Canada, IFA Zimbabwe and the IFA Nigeria launched the
International Federation of Forensic Accountants & Auditors (IFFAA)
The Federation is an independent organization and aims to promote the discipline of Forensic
Accounting and Forensic Auditing to prevent, detect and investigate fraud, recover funds derived
from criminal activities as well as obtain financial awards resulting from civil disputes.
The Institute of Forensic Accountants of Pakistan (IFAP), the Institute of Certified Forensic
Accountants (ICFA) USA/Canada, the Institute of Forensic Auditors (IFA) Zimbabwe and the Institute
of Forensic Accountants (IFA) Nigeria have launched the International Federation of Forensic
Accountants & Auditors (IFFAA) (Federation) after four professional bodies identified a need for a
Federation that would provide an international/global networking platform for forensic accounting
and forensic auditing professionals.
The Federation will function as a user group for forensic accounting and forensic auditing
professionals and academics to convene on a regular basis to discuss and exchange views, as well
as render a support network to interested members. The Federation is an independent organization
and aims to promote the discipline of forensic accounting and forensic auditing, with the key
objectives being to develop knowledge and expertise to prevent, detect and investigate fraud,
to recover funds derived from criminal activities as well as to obtain financial awards resulting from
civil disputes.
Barrister Sohail Nawaz, IFAP’s President explains that another key objective of the Federation is to
provide information and support to forensic accounting and forensic auditing practitioners from
both the private and public sectors, faced with technological, benchmarking best practices, as
well as continuous educational issues. The four professional bodies, IFAP, ICFA USA/Canada, IFA
Zimbabwe and the IFA Nigeria envisioned a common umbrella under which to encompass best
practices and disciples relating to forensic accounting and forensic auditing. As such, the
Federation has been established and is built on an academic and research foundation.
Jennifer Fletcher, ICFA’s USA/Canada President adds that the Federation will also provide and
share subject-specific information within the industry of forensic accounting and forensic
auditing. In addition, the Federation will also bridge the gap between academic thought
leadership and its practical applications and practices in the real-world and, naturally the
Federation will provide a thought leadership platform on matters relating to forensic accounting
and forensic auditing.
Whilst the forensic accounting and forensic auditing profession is a broad and diverse discipline
with many variations and areas of specialization, Dr. E. Munyaka, IFA’s Zimbabwe President
confirms that the area of forensic accounting and forensic auditing that will be addressed by the
Federation will not only benefit practitioners engaged in this area of specialization. The Federation
will also be of interest to professional accountants and legal practitioners who want to improve
their professional skills, Dr. E. Munyaka says, confirming that investigative and forensic
accounting/auditing is a field where the accounting and legal professions join forces in the
litigation process.
Prof. Usman Ali Awheela, President/Chief Executive of IFA Nigeria agrees that forensic accounting
and forensic auditing is a management function that is open to individuals of all job functions within
the forensic accounting/auditing industry and levels of experience who are interested in the
prevention, detection and deterrence of fraud. He reiterates that the purpose of the Federation is
to support investigative, forensic accounting and forensic auditing in a field where there are
synergies between the accounting, investigation and legal professions especially during the
litigation process. As stated one need to look further than just the numbers as the nature of the
various schemes differs. As such the purpose of the Federation is to support its members by
providing access to the knowledge, resources and training needed to perform their jobs
adequately.
Prof. Usman Ali Awheela says there are systems that the Federation has already put in place to
enable the members to share information on matters pertaining to forensic accounting/forensic
auditing and these include the promotion of good forensic accounting/forensic auditing practices
by:
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Identifying best practices and benchmarking of forensic accounting and forensic auditing
in the members countries, international contexts and industry/sector specific contexts.
Enhancing the relationship and interaction between academia and the profession of
forensic accounting and forensic auditing.
Facilitating ‘Continuous Professional Development and Education’ within forensic
accounting and forensic auditing.
Enabling the sharing of information on matters pertaining to forensic accounting and
forensic auditing.
ABOUT IFAP
The Institute of Forensic Accountants of Pakistan (IFAP) was established in year 2009 at Islamabad,
a license issued by the Registrar Joint Stock Companies under the Societies Registration Act of XXI
of 1860, Federal Government of Pakistan. The Institute of Forensic Accountants of Pakistan (IFAP) is
a first recognized Professional Accounting Institute/Body providing education and training in the
fields of Forensic Accounting, Forensic Auditing, Forensic Investigation, Fraud Examination, Money
Laundering, Corporate Governance, Financial Reporting, Risk Management, Criminology and its
allied areas/subjects.
The Institute of Forensic Accountants of Pakistan (IFAP) is a unique Pakistani venture to meet the
global challenges of growing menace of frauds and white-collar crimes in business establishments.
The Institute of Forensic Accountant of Pakistan (IFAP) was setup in the year 2009 by those, who
have been in the field of Forensic Accounting, Forensic Investigative, Forensic Auditing, Fraud
Examination and its allied areas/subjects and have themselves sniffed out investigated and
prosecuted scores of frauds and white-collar crimes. The Institute of Forensic Accountants of
Pakistan (IFAP) is promoted with the objective to educate business establishments, to prevent,
detect and investigate frauds and white-collar crimes and promote anti-fraud education to
actively combat the growing menace. The Institute of Forensic Accountants of Pakistan (IFAP) also
provides education on intricacies and practical aspects of Forensic Accounting, Forensic
Investigative, Forensic Audit, Fraud Examination and imparting education on new emerging issues
on aligning new business methods and technology with existing process, with primary objective to
put in place the right and meaningful controls and practices to prevent any wrong. In nut shell The
Institute of Forensic Accountants of Pakistan (IFAP) provides complete Anti-Fraud Education to
promote Fraud Risk Management Strategy for prevention, detection, investigation & prosecution
of frauds and white-collar crimes at all corporate, as a single point destination.
Website: www.ifap.org.pk, Email: [email protected]
ABOUT ICFA USA/Canada
The Institute of Certified Forensic Accountants (ICFA) is a professional body for those committed to the
development of the multidisciplinary profession of forensic accounting. Our mission is to develop and
promote the profession of forensic accountancy to the public and to those people involved in providing
forensic advice and guidance to their clients. The Institute of Certified Forensic Accountants is a not-forprofit professional body chartered under Letters of Patent granted by the Federal Government of
Canada .The Institute is also registered under the Laws of the State of Delaware, USA.
Website: www.forensicglobal.org, Email: [email protected]
ABOUT IFA Zimbabwe
The Institute of Forensic Auditors (IFA) Zimbabwe is the sole, leading and respected professional body
of forensic auditors in Zimbabwe. IFAZ was founded as a not for profit association and its members are
certified as Registered Forensic Auditors. IFA’s mission is to provide a membership body for forensic
auditors and to advance in the public interest the competence and supervision over such persons
practicing as forensic auditors and to promote any legislation which is deemed to be of advantage to
the profession. Forensic auditing and accounting is the new global approach in the fight against fraud
which has led to the collapse of many institutions globally. It involves providing proper training to the
members on a continually basis as the approach of the fraudster is always changing from simple
approaches to complicated and sophisticated approaches especially with the use of IT. With the use
of traditional auditing approaches, it is difficult to unearth fraudulent practices by the modern fraudster
and hence the need for the Continued Professional Development (CPD) for the forensic auditor.
Website: www.ifa.org.zw, Email: [email protected]
ABOUT IFA Nigeria
The Institute of Forensic Accountants (IFA) Nigeria, was established under Decree No 1 of 1990 as a
Professional Institution for the Provision of bonafide Qualifications for Forensic Accountants through the
administration of Professional Examinations. IFA was established to provide qualified Forensic
Accountants to inspire Public confidence in litigation matters relating to detection of fraud and abuse
including white-collar crimes, Economic losses, etc. IFA is also to contribute to the advancement of the
anti-fraud professionals who are interested in obtaining high quality continuing Professional education
on Forensic Accounting. Because of the unique role of the Forensic Accounting, it has necessitated IFA
to give specialized training and skills that are not typically part of an Accountant’ formal education. IFA
Educational Programs allow its members to earn credential that can help assure the Legal Community,
Employers, Individuals and other Stakeholders that the designee possesses Exceptional degree of
Experience and Knowledge to provide Competent Professional Forensic Accounting services.
Website: www.ifa.org.ng, Email: [email protected]

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