The following are the questions that the prospective members of the Institute have asked quite frequently:
1. Why was the IICFIP formed?
ANS. It was formed to promote the excellence in forensic investigations and audit globally
2. What is the difference between ACFE and IICFIP?
ANS. The difference is the emphasis of training and approach. ACFE is biased towards fraud examination whereas IICFIP is biased to forensic accounting and audit. The two organizations are not the same but are complimentary to each other. Many of our members are also members of ACFE. IICFIP's business is training on forensic investigation.
3. What is Forensic Investigation?
ANS. Forensic investigation is the systematic application of financial accounting, forensic accounting, auditing, digital forensics and investigative skills to the gathering of evidence for use in litigation cases in support of or against an allegation.
4. If the program of the IICFIP is similar to that being offered by many other organizations, was there need to start it?
ANS. Yes, our approach to training and organization is very different. The formation of the IICFIP also responded to demand for forensic investigation/audit training. Just imagine if there was only one University in the world! Harvard Business School is one of the thousands of business schools globally but it is more popular than the others because of its quality training and the success of its graduates globally. IICFIP has a vision to become like Harvard in forensic investigations/audit.
5. Is the IICFIP in competition with the ACFE?
ANS. No. The IICFIP is promoting its own unique brand in forensic investigations and audit. ACFE is a fraud examination association.
6. Does the IICFIP issue diplomas and degrees?
ANS. No. The IICFIP a professional institute which does not issue diplomas and degrees but accreditation professional certificates which must be ‘updated’ yearly via Continuous Personal Development ( CPD) training in the field of forensic investigation/audit.
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