WHY FORENSIC PRACTITIONERS
Forensic Practitioners combine their accounting knowledge with investigative skills in various litigation support and investigative accounting settings. They are employed by public firms’ divisions; by consulting firms specializing in risk consulting and Forensic Accounting, Forensic Auditing, Forensic Investigation and Forensic Interviewers Services; or by lawyers, law enforcement agencies, insurance companies, government organizations or financial institutions. Due to heightened awareness and growing intolerance of fraudulent activity, they’re demand is rapidly increasing.
The ACFP credential provides technical knowledge necessary to perform effective investigations. ACFP determines which areas, people or functions of the organization require their attention. Because fraud is usually hidden, this process can be difficult and time consuming. The ACFP credential ensures Forensic Practitioners have advanced knowledge of typical fraud schemes and data analysis techniques so that they can perform investigations efficiently and strategically.
The work of a Forensic Practitioners is to enable lawyers, insurance companies and other clients to resolve disputes. Equally important is the ability to communicate financial information clearly and concisely in the courtroom. Forensic Practitioners are trained to look beyond the numbers and deal with the business realities of situations. Analysis, interpretation, summarization and the presentation of complex financial and business related issues are prominent features of the profession. A Forensic Practitioner will also be familiar with legal concepts and procedures. Forensic Practitioners are the detectives of the finance world and help investigate fraud and other financial misrepresentation.
Legal Status of Association of Certified Forensic Practitioners – (ACFP)
- Association of Certified Forensic Practitioners is established under the Companies Act (Chapter 24:03 section 26) , and Licence Of Ministry Of Justice , Legal and Parliamentary Affairs
- Ministry Of Justice , Legal and Parliamentary Affairs –Zimbabwe Register of Companies Zimbabwe Government