Introduction to Fraud Examinations, Financial Crimes Investigation, Introduction to Intelligence Gathering, Financial Institutions & Identity Theft, International Legal Elements, Forensic Accounting, Investigative Methodologies – these are just some of the interesting and informative courses in which students of Centennial College’s Financial Fraud Investigation program participate. The two-semester offering, which results in an Ontario College Graduate Certificate, is designed for applicants who have previously completed a diploma or degree program but want to learn more about the field of financial fraud investigations in order to start a new career. Therefore, applicants must submit an official transcript demonstrating proof of successful completion of a post-secondary diploma in business or accounting. They may also be required to attend an interview session and present a resume. English and/or math skills may also be tested. Applicants who present a combination of partial post-secondary education and relevant work experience will be considered as well.
With two intakes during the fall and winter semesters, the program may appeal to a large range of people who are interested in obtaining the essential skills and knowledge in forensic accounting and investigation techniques that are needed in order to have a successful career in this exciting new field. The Financial Fraud Investigation undertaking is especially focused on preparing students to find entry-level positions in the fields of forensic accounting and audit investigations within the public or private sections. This is achieved in a number of ways. First and foremost, professionals who have first-hand experience in the field teach courses within the program. Therefore, students also benefit from personal anecdotes and their professors’ experience. In addition, Financial Fraud Investigation employs learning situations that involve up-to-date technologies, case studies and simulations. These learning techniques are applied in areas of fraud and economic loss quantification such as: investigating and analyzing financial evidence, testifying as a witness, becoming involved in criminal investigations, uncovering financial evidence in employee or insurance fraud cases, and investigation in the rapidly evolving area of computer fraud. In addition, the program content prepares students for the Certified Fraud Examiner examination.
Successful analysis and findings reported by practicing professionals may mean the difference between perpetrators avoiding detection of their illegal activities or being brought to justice. In most cases, success is directly and primarily dependent upon the knowledge, skills and abilities of the professionals performing the work. Consequently, the demand for entry-level professionals with formal education in fraud and forensic accounting has grown. Job titles such as forensic accounting/ litigation consultants, tax auditors, gaming investigators, insurance investigators, bank investigators and internal auditors are all part of the Financial Fraud Investigation sector. This relatively new field had gained popularity with the increase of financial crime such as credit card and insurance scams, compromising of bank cards, gaming scams and more. In addition, the advancement in technology has seen financial crime evolve rapidly, which results in new risks that need to be addressed.