Chartered Institute Of Forensic & Investigative Auditors of Nigeria (CIFIAN) has inducted 43 new members into the body, even as it urged the House of Representatives to expedite action on the passage of the forensic and investigative auditors bill. The induction was done in Abuja at the weekend.
Pro-tem President of CIFIA, Dr Victoria Enape remarked that CIFIAN is an anti fraud body saddled with the responsibility of providing skills to relevant professionals using scientific and technological approach for prevention, detection and investigation of fraud, putting in place mechanisms to prevent future occurrence and illicit financial flows in the country.
Enape said while forensic and investigative audit is about prevention, detection and investigation of fraud using technology in line with global best practices, accounting bodies is about compliance and assurance audit and not fraud investigation. She said; “Forensic and Investigative Audit work starts where traditional Auditors work stopped.
On the perceived friction with some accounting bodies, the President said “CIFIAN is not absorbing authority of any of the existing regulatory accounting bodies in Nigeria, but rather to assist Nigeria in preventing the economy through pro activeness in fraud related issues. CIFIAN is to compliment and strengthen the roles of government and corporate bodies in the fight against corruption in the country.”
Co promoter of CIFIAN, Barrister Gabriel Iorsase said the roles of CIFIAN are clear and do not clash with that of Accounting bodies, saying the profession is multi disciplinary where members are trained to handle high level fraud using forensic method.
He said Accountants should be interested in CIFIAN. He added that they are invited because it will help expand their scope of practice. He however urged the new inductees to deepen their knowledge in their different professional callings, adding that forensic and investigative auditors exists in several countries of the world where the practice of accounting is well established, and technologies developed to tackle fraud.