Conferment of ISCA Financial Forensic Professional (FFP) credential under the Grandfathering Scheme
For ISCA members who are experienced financial forensic professionals, the grandfathering scheme recognises their expertise by conferring them the ISCA FFP credential, subject to the following criteria:
1) Completed at least six years of work experience immediately prior to the application, of which minimum three years in financial forensics with the remaining years in accounting or finance;
2) Apply for ISCA FFP credential by submitting to ISCA their latest resume and/or testimonials and providing a character referee who must be a FCA (Singapore) or CA (Singapore), or the applicant's employer; and
3) Complete a competency write-up to demonstrate that he or she possess and/or have oversight over financial forensic assignments or investigations that require a set of professional competencies.
The list of professional competencies is as follows:
A. Investigation planning skill:
Planning the investigation approach;
Planning the resource allocation;
Deploying investigative technique(s) or tools in relation to assignments;
B. Physical evidence gathering skill:
Obtaining, examining and handling document evidence;
Using evidence gathering techniques in order to preserve the evidence collected (including labelling, recording, tracking, use, retention, storage and security of evidence) during investigation;
C. Digital data collection and analytical skill:
Using digital forensic methodology and essential techniques to recover, authenticate and preserve electronic data as a form of legal evidence;
D. Interviewing skill:
Interviewing individuals in relation to the investigation if any;
E. Law application skill:
Applying relevant laws in the course of handling the assignment or in conducting the investigation;
F. Written communication skill:
Preparing engagement letter and advisory letters;
Preparing expert-witness report to interpret findings and analyses; and
Drafting other expert determination report and various reports, containing the standard sections that are fit for purpose, for various stakeholders.
The ISCA FFP credential applicant should be able to explain and demonstrate professional competencies in the following areas of specialisation, using cases they have handled:
Areas of Specialisation
Examples of Investigated Cases
1. Anti-money laundering and financial crime compliance
1.1 Money laundering
2. Commercial disputes
2.1. Consumer fraud
2.2. Payment fraud
2.3. Theft of data and intellectual property
2.4. Contract and procurement fraud
3. Fraud, misconduct and corruption investigations
8.3. Asset misappropriation: inventory and other assets
8.4. Bankruptcy (insolvency) fraud
9. Insurance claims investigations
9.1. Insurance fraud
10. Professional negligence
10.1. Individual rights during examinations
11. Tax fraud investigations
11.1. Tax fraud
12.1. Support litigation
Applications* for the ISCA FFP credential under the grandfathering scheme will open on 1 March 2018 for a limited period, and is subject to approval on a case-by-case basis.
* An application fee of $300 (excluding GST) will be charged for each application. Please note that the application fee is non-refundable regardless of the outcome of the application or if application is withdrawn after submission.
The application form for ISCA FFP credential will be uploaded nearer to the opening date.
For enquiries on the grandfathering scheme, please contact us here.