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Forensic Accounting

Program Overview

Society is facing the increasing prospect of local, national, and international financial crimes perpetrated by individuals and members of organized crime. Traditional patterns of crime are continuously being expanded and new techniques involving cybercrime and shadow banking systems are taking hold. Criminals are very clever, well-financed, and have proven very able to erode the fabric of society. However, new techniques are evolving for preventing crime and apprehending criminals such as fraud risk assessment, data analytics and security, and understanding the psychology of fraudsters. More than ever, it is essential for dedicated, intelligent investigators to develop an understanding of old and new criminal patterns, and a mastery of new and old techniques for their identification and resolution.

Quick Facts

Domestic International
Application deadline MFAcc:

15-June-2023

 MFAcc:

15-June-2023

Minimum admission average MFAcc:

Mid-B in final year of bachelor’s

 MFAcc:

Mid-B in final year of bachelor’s

Are any standardized tests required/recommended? MFAcc:

NA

 MFAcc:

NA

Master of Forensic Accounting

Admissions to the advanced-standing option of this program have been administratively suspended.

Program Description

The Master of Forensic Accounting (MFAcc) has been designed to provide graduates with the most thorough and rigorous preparation available in the investigative and forensic accounting field. Consequently, MFAcc graduates are expected to become recognized as the foremost forensic professionals in their chosen fields, whether those are in forensic accounting practice; in compliance functions in banks, insurance companies, and brokerages; business valuation; fraud investigation in law enforcement; securities enforcement; or in international forensic roles for the World Bank, the United Nations and its programs, and others.

 

MFAcc Program (Two-Year)

Minimum Admission Requirements

  • Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Institute for Management and Innovation's additional admission requirements stated below.

  • An appropriate bachelor's degree from a recognized university in commerce, business administration, or accounting, with standing equivalent to at least a University of Toronto mid-B in the final year.

  • Two years of relevant experience in business.

  • Submission of an official MFAcc application via the SGS online application system.

Program Requirements

  • Completion of a total of 5.0 required full-course equivalents (FCEs) or 10 half courses, taken sequentially.

  • This is a part-time program which uses a combination of a one-week intensive in-residence session and e-learning modules with group discussions, assignments, and formal examinations. It is possible for students to participate from anywhere in the world.

Program Path

Year 1: Fall
Course Code Course Title
IFA1900H Forensic Accounting and Investigation, Fraud and Cybercrime
IFA1905H Fraud Prevention, Risk Assessment and Investigation, Data Analytics and Security
Year 1: Winter
Course Code Course Title
IFA1906H Money Laundering, Asset Tracing and Recovery, and International Aspects of Fraud
IFA1901H Forensic Accounting Professional and Practice Issues
Year 1: Summer
Course Code Course Title
IFA1907H Legal and Legal Process Issues for Forensic Accountants
Year 2: Fall
Course Code Course Title
IFA2900H Loss Quantification
IFA2905H Advanced Forensic Investigation and Psychological Aspects of White Collar Crime
Year 2: Winter
Course Code Course Title
IFA2906H Business Valuation, Bankruptcy and Insolvency, and Advanced Loss Quantification
IFA2903H Research Project on Emerging Issues/Advanced Topics
Year 2: Summer
Course Code Course Title
IFA2904H Integrative Capstone

Program Length

6 sessions part-time (typical registration sequence: F/W/S/F/W/S)

Time Limit

6 years part-time

 

MFAcc Program (Eight-Month Advanced-Standing Option)

Admissions have been administratively suspended.

Minimum Admission Requirements

  • Only applicants who graduated from the University of Toronto’s graduate Diploma in Investigative & Forensic Accounting (DIFA) program are eligible to apply. Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Institute for Management & Innovation's additional admission requirements stated below.

  • Submission of an official MFAcc application via the SGS online application system.

  • Two letters of reference.

Program Requirements

  • Coursework. Students must successfully complete 2.0 full-course equivalents (FCEs) in required courses as follows:

    • 0.5 FCE: IFA1905H involves weekly online sessions, beginning in January for nine weeks

    • 0.5 FCE: IFA1906H involves weekly online sessions, beginning in March for nine weeks

    • 0.5 FCE: IFA2905H involves weekly online and residency sessions, beginning in May*

    • 0.5 FCE: IFA2906H involves weekly online and residency sessions, beginning in June*

*Involves an intensive, mandatory six-day in-residence session, held in August at the University of Toronto Mississauga.

Program Length

2 sessions part-time (typical registration sequence: W/S)

Time Limit

2 years part-time

Criselda Jean Cruz

“I love how Toronto embraces diversity. The moment I arrived here, I felt I belonged.”

Criselda Jean Cruz
International Visiting Graduate Student, Chemical and Physical Sciences
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