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Submitted December 26, 2024
Published 2025-01-03

Artículos

Vol. 3 No. 1 (2025): CPA PANAMÁ

ANTI-FRAUD FORENSIC AUDITING AND THE IMPACT OF THE INTERNATIONAL CERTIFICATION PROGRAM OF THE IIAFA


DOI https://doi.org/10.48204/2953-3147.6627

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References
DOI: 10.48204/2953-3147.6627

Published: 2025-01-03

How to Cite

Rogers Harper , J. I., & Muñoz Marín , E. E. (2025). ANTI-FRAUD FORENSIC AUDITING AND THE IMPACT OF THE INTERNATIONAL CERTIFICATION PROGRAM OF THE IIAFA. CPA PANAMÁ, 3(1), 70–79. https://doi.org/10.48204/2953-3147.6627

Abstract

In the current international cycle, the scourges of fraud, corruption and money laundering continue to represent significant challenges for organizations, both public and private. These three scourges affect academic, governmental, accounting, technological and judicial institutions, as well as financial stability, governance and confidence  in   economic  and   political   systems. In  response to   this   cycle,   the

 

International Institute of Anti-Fraud Forensic  Auditors  (IIAFA),  founded   in  2008,  has  developed  a  Comprehensive  and Convergent International Certification Program that addresses the prevention and detection stages of these three scourges. Through the Certification as Anti-Fraud Forensic Auditor (AFA) for CPAs and Anti-Fraud Forensic Auditor Consultant (AFAC) for other professionals, among other certifications, the IIAFA, prior to the fulfillment of unprecedented requirements of its participants, trains professionals to strengthen internal and organizational controls, shaking the root of all risks within organizations, which constitute the three scourges. This article explores the impact of the training provided by the IIAFA in this new sub specialization of Auditing and Accounting branch, a Panamanian initiative, recognized as the Anti-Fraud Forensic Auditing, meeting the expectations that citizens have about the Accounting Profession and the role of the CPA in the face of these  scourges,  focusing  on  how  the  proper  use  of  the  different  tools  of  this subspecialty contribute to a more effective management in the clarification of the possible occurrence of the scourges of fraud, corruption and money  laundering  through  the preparation of a Special Forensic Anti-Fraud Auditing Report in the Detection stage and the preparation of a Triple AAA Program (Anti-Fraud, Anti-Corruption and Anti-Money Laundering) in the Prevention stage of internal and organizational controls in the modern context, based not on theory, but on the experience and professional practice in the last two decades of its founder Dr. Juan Iván Rogers Harper.

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