Forensic Accounting Expert Witness Selection

In FRAUD FILES: Expert witness selection: substance over form, Tracy L. Coenen, CPA, CFF, writes:

These days, it’s not uncommon for organizations to exist simply to generate revenue. They may offer a “certificate,” but a close examination could reveal that it’s nothing more than a “credential” that someone can purchase. It is important to look at how a certificate or credential is conferred, and confirm that the expert indeed has demonstrated some level of skill and has earned it.

In the fields of fraud and forensic accounting, Certified in Financial Forensics (CFF), Certified Fraud Examiner (CFE), and Certified Valuation Analyst (CVA) are the gold standard for certifications, and have strict requirements for obtaining the credentials. These are obviously very valuable to your case.

On the other hand, there are certificates one can purchase if she or he already holds the designation of CFF, CFE, or CVA. (And I’m sure the same is true in other professions).

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