What Is a Grab Analyst in Financial Forensics (MAFF)?
A Grab Analyst in Financial Forensics (MAFF) is a specialized accounting credential that certifies one’s enjoy in working out financial crimes. It is presented during the Financial Forensics Institute, a subsidiary of the National Association of Certified Valuation Analysts (NACVA). The MAFF has number of will have to haves, along with specialist accounting certifications along with smart enjoy. Candidates will have to transfer a take a look at and then meet post-certification must haves, paying homage to continuing coaching in an effort to maintain the credential.
Key Takeaways
- Forensic accounting is a financial specialty that seeks to investigate and uncover embezzlement, accounting fraud, or financial crimes.
- Because of this sub-field is terribly specialized and exceeds the must haves of a CPA or auditor, the Grab Analyst in Financial Forensics (MAFF) designation was once created.
- Those who need to earn the MAFF will have to be a member of the NACVA association and already dangle a certified accounting designation at the side of passing an rigorous exam.
Understanding a Grab Analyst in Financial Forensics
Forensic accounting uses accounting, auditing and investigative skills to behavior an examination into the fee vary of an individual or business. Forensic accounting provides an accounting analysis suitable to be used in legal complaints. Forensic accountants are trained to seem previous the numbers and deal with the business truth of a state of affairs. Forensic accounting is steadily used in fraud and embezzlement cases to provide an explanation for the nature of a financial crime in court docket.
Grab Analyst in Financial Forensics holders be able to come to a decision whether or not or no longer there is also evidence of criminal activity thru analyzing a business or workforce’s financial statements. MAFFs steadily artwork with attorneys in litigation or serve as skilled witnesses in trials. The Grab Analyst in Financial Forensics designation was once prior to now known as the “Certified Forensic Financial Analyst (CFFA).” Its identify was once changed on April 12, 2013. Anyone who prior to now held the CFFA certification will have to now use the new identify.
Grab Analyst in Financial Forensics {{Qualifications}}
Prerequisites for obtaining and maintaining the MAFF designation include tutorial {{and professional}} certifications, artwork enjoy, business {{and professional}} references, specialized training, an examination and ongoing coaching. MAFFs and doable MAFFs will have to moreover maintain lively NACVA membership.
Candidates for a Grab Analyst in Financial Forensics certification will have to first dangle one of the vital following certifications: CVA—Certified Valuation Analyst; ABAR—Authorized in Industry Appraisal Evaluate; ABV—Authorized in Industry Valuation; ASA—Authorized Senior Appraiser; AM—Authorized Member of the ASA; CBA—Certified Industry Appraiser; CBV—Chartered Industry Valuator; CDFA—Certified Divorce Financial Analyst; CFA—Chartered Financial Analyst; CFE—Certified Fraud Examiner; CFF—Certified in Financial Forensics; CIRA—Certified Insolvency & Restructuring Guide; CMA—Certified Keep watch over Accountant; CM&AA—Certified Merger & Acquisition Guide; Cr.FA—Certified Forensic Accountant; CPA—Certified Public Accountant; CA—Chartered Accountant; MCBA—Grab Certified Industry Appraiser; or other accounting or financial credentials subject to NACVA approval, and a bachelor’s degree in a business space from a certified school/college or a snatch’s degree or doctorate in a space of commercial.
MAFF candidates will have to transfer a two-part, five-hour proctored exam that follows NACVA’s Financial Forensics Body of Knowledge (FFBOK). To arrange for the exam, NACVA sponsors and recommends a five-day trail entitled, Financial Litigation Consulting Execs Workshop.
MAFF candidates will have to choose one of the vital following areas of specialization:
- Trade Damages and Out of place Source of revenue
- Matrimonial Litigation
- Bankruptcy, Insolvency, and Restructuring
- Industry Valuation in Litigation
- Industry and Intellectual Property Damages
- Private Hurt and Wrongful Death
- Forensic Accounting
- Fraud Likelihood Keep watch over
If candidates are lacking in professional or smart enjoy, they will be ready of attending a NACVA-endorsed training program. For added, see NACVA’s MAFF {{Qualifications}} and its MAFF informational internet web page.
