Master of Forensic Accounting
Description
The MFAcc Program is a 2-year, course-based professional degree program offered through the Institute for Management & Innovation at the University of Toronto Mississauga. At our university, graduates undergo a truly comprehensive interdisciplinary educational journey, crafted with a blend of carefully chosen courses and a steadfast emphasis on a problem-based learning model. This unparalleled experience is guided by expert academics and distinguished professionals, who bring valuable real-world insights to the classroom. This combination ensures a top-tier learning experience at our globally recognized institution.
The MFAcc Program is a Graduate Professional Program, offered part-time, on Zoom in the evening, using an interactive learning format designed to be accessible and convenient for the working professional, whether international or domestic.
A Career in Forensic Accounting starts here...
The Master of Forensic Accounting (MFAcc) Program is designed to provide a graduate professional accountant, or equivalent, with the skills necessary to successfully respond effectively. Click on video for more details.
Prepare for a Career in Forensic Accounting - Society is facing the increasing prospect of local, national and international financial crimes perpetrated by individuals and members of organized crime. Traditional patterns of crime are continuously being expanded and new techniques involving cybercrime and shadow banking systems are taking hold. New techniques are evolving for preventing crime and apprehending criminals such as fraud risk assessment, data analytics and security, and understanding the psychology of fraudsters. More than ever, it is essential for dedicated, intelligent investigators to develop an understanding of old and new criminal patterns, and a mastery of new and old techniques for their identification and resolution.
Prepare for a Career in Forensic Accounting - Society is facing the increasing prospect of local, national and international financial crimes perpetrated by individuals and members of organized crime. Traditional patterns of crime are continuously being expanded and new techniques involving cybercrime and shadow banking systems are taking hold. New techniques are evolving for preventing crime and apprehending criminals such as fraud risk assessment, data analytics and security, and understanding the psychology of fraudsters. More than ever, it is essential for dedicated, intelligent investigators to develop an understanding of old and new criminal patterns, and a mastery of new and old techniques for their identification and resolution.
A great career doesn't just happen...it takes time to cultivate!
MFAcc graduates are recognized as the foremost forensic professionals in their chosen fields.
The Master of Forensic Accounting Program
The growing complexity of personal and organizational interactions and an increased appetite for formalized methods of dispute resolution have combined to heighten the need for accountants skilled in investigation and resolution of financial disputes in both civil and legal proceedings. Investigative and forensic accounting is the rigorous investigation of the financial aspects of a particular situation, usually with the objective of establishing evidence relating to possible or pending criminal or civil legal proceedings. It involves the investigation of situations where "white collar" crime is suspected and also those where a dispute needs to be resolved.
Fraud, money laundering, supplier kickbacks and other examples of "white collar" crime represent a serious threat to business competitiveness. Accountants are increasingly involved with the investigation of these activities and of the investigation of economic losses due to damages to businesses, property or personal injury. While the demand for forensic accountants has been said to be increasing by 100 percent per year there is a dearth of university courses and programs designed to educate forensic accountants.
The IFA practitioner requires a broad range of knowledge and skills to carry out financial investigations. These include: accounting, audit, and income tax knowledge; fraud knowledge; knowledge of law and rules of evidence; an investigative mentality and critical scepticism; understanding of psychology and motivation; and, strong communication skills.
Forensic Accounting means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work to. Forensic accountants often have to give expert evidence at trials.
MINIMUM ADMISSION REQUIREMENTS
Applicants admitted into the Master of Forensic Accounting Program must have:
• A four-year bachelor’s degree from an approved
university
• Minimum of a mid-B standing (72.5% or 3.0 GPA)
in their final undergraduate year
• Two years of relevant experience in accounting
• Two letters of recommendation, including one from
their current employer
• A four-year bachelor’s degree from an approved
university
• Minimum of a mid-B standing (72.5% or 3.0 GPA)
in their final undergraduate year
• Two years of relevant experience in accounting
• Two letters of recommendation, including one from
their current employer
Curriculum
The Master of Forensic Accounting (MFAcc) program is designed to provide a graduate professional accountant, or equivalent, with the skills, knowledge, insights and professional characteristics necessary to successfully respond effectively to:
the challenges of investigating fraud, other aspects of white-collar crime, money laundering, and other financial disputes, and
the provision of reports, advice and evidence to clients, lawyers and courts for the resolution of situations relating to possible or pending civil or criminal legal proceedings.
the provision of reports, advice and evidence to clients, lawyers and courts for the resolution of situations relating to possible or pending civil or criminal legal proceedings.
Courses
Students enrolling in the MFAcc are required to complete 10 graduate half-course credits, taken sequentially, over a 24-month period.
MFAcc courses will be delivered part-time, one evening per week, over a period of two years, using ZOOM, except for the final course in the program, which requires a one week residency.
YEAR 1
- IFA 1900H Forensic Accounting & Investigation, Fraud & Cybercrime
- IFA 1905H Fraud Prevention, Risk Assessment & Investigation, Data Analytics & Security
- IFA 1906H Money Laundering, Asset Tracing & Recovery & International Aspects of Fraud
- IFA 1901H Forensic Accounting Professional & Practice Issues
- IFA 1907H Legal & Legal Process Issues for Forensic Accounting
YEAR 2
- IFA 2900H Loss Quantification
- IFA 2905H Advanced Forensic Investigation & Psychological Aspects of White Collar Crime
- IFA 2906H Business Valuation, Bankruptcy & Insolvency, & Advanced Loss Quantification
- IFA 2903H Research Project on Emerging Issues/Advanced Topics
- IFA 2904H Integrative Capstone
Note: Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.
Related Courses
- Forensic Accounting & Investigation, Fraud & Cybercrime
- Fraud Prevention, Risk Assessment & Investigation, Data Analytics & Security
- Money Laundering, Asset Tracing & Recovery, & International Aspects of Fraud
- Forensic Accounting Professional & Practice Issues
- Legal & Legal Process Issues for Forensic Accountants
- Loss Quantification
- Advanced Forensic Investigation & Psychological Aspects of White Collar
- Business Valuation, Bankruptcy & Insolvency, & Advanced Loss Quantification
- Research Project on Emerging Issues/Advanced Topics
- Integrative Capstone
Overview
- Institution: University of Toronto
- Program type: Masters Degree
- Language: English
- Program Code: MFAcc
- Delivery Method: Fully Online/Distance
Disclaimer:
Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.
Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.