ICAI FAFD Assessment Test 2024, Eligibility, Registration & Result
The Certificate Course on Forensic Accounting and Fraud Detection addresses the growing need to combat cyber-crimes and fraud. Explore details about the ICAI FAFD Assessment Test 2024!
Jatin Sharma27 Jan, 2024
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ICAI FAFD Assessment Test 2024: ICAI introduces the FAFD course to tackle rising cyber-crimes and frauds. Eligible members can take the FAFD Assessment Test on February 3, 2024, using a desktop/laptop with a camera. Complete face registration at learning.icai.org by January 29, 2024.
A mock test on January 31, 2024, from 11 am to 1 pm, provides a preview. Only laptops/desktops are allowed for the exam, aiming to equip professionals with skills in accounting, auditing, CAATs/Data Mining Tools, and investigative techniques. Check for more details about the ICAI FAFD Assessment Test 2024.ICAI FAFD Assessment Test Eligibility Criteria
If you're an active member of ICAI , here's what you need to qualify for the test:- Score at least 50% in both module tests and project work.
- Maintain a solid attendance record of 90% during professional training.
Prerequisites for ICAI FAFD Assessment Test 2024
Getting Ready for the FAFD Assessment Test Papers 2024. Here's what you need to ensure before taking the test:- Active ICAI Membership Number.
- Fulfil the eligibility criteria: score 50% in module tests and project work, with 90% attendance in professional training.
- Have a desktop or laptop with a good internet connection.
- Make sure your desktop or laptop has a camera attached.
- Log in to the Digital Learning Hub of ICAI.
- Complete the face registration activity by 5:30 PM on 29 January 2024 at https://learning.icai.org.
- If you've failed in a previous attempt, the fee for reappearing in the test is Rs. 500/- plus 18% GST, and it's non-refundable.
- Face Authentication will be used to confirm liveliness, including a blink of an eye.
- Registrations for the Assessment Test start on 6 January 2024 at 12 PM.
- Batches completed by 31st December 2023 are eligible for this attempt.
- A mock test is scheduled for 31 January 2024 (Wednesday) from 11:00 AM to 1:00 PM. While it's optional, attending is highly recommended for a feel of the exam. Face registration completion by 29th January 2024 is required for the mock test. Details will be shared separately.
ICAI FAFD Assessment Test Download PDF
For quick access to the ICAI FAFD Assessment Test PDF, just follow these simple steps. Go to the official website, find the section dedicated to the FAFD Assessment Test, and search for the download option. Additionally, we've included the ICAI FAFD Assessment Test 2024 PDF Link below for your convenience. This PDF contains essential information for the upcoming FAFD Assessment Test papers in 2024, serving as a valuable resource for candidates preparing for the exam.ICAI FAFD Assessment Test 2024 - PDF Link
How to Check the ICAI FAFD Result 2024?
Here are the steps to check your FAFD Assessment Test 2024 Results: Step 1: Go to the official website learning.icai.org. Step 2: Navigate to the "My Product" Tab on the homepage. Step 3: Look for the link titled "DAAB Assessment Forensic Accounting and Fraud Detection 3rd February 2024" and click on it. Step 4: You will reach the login page. Step 5: Enter your user ID and password. Step 6: The ICAI FAFD results will appear on the screen. Step 7: Save the results and consider taking a printout for future reference.FAFD Assessment Test 2024 Important Points
Here are some additional details for the FAFD Assessment Test 2024:- The next online Assessment Test (AT) for the FAFD Certificate Course is on 3rd February 2024, from 10:00 a.m. to 12:00 p.m. via the Digital Learning Hub of ICAI.
- Candidates interested in taking the test need to perform online face authentication through the Digital Learning Hub, following guidelines in Annexure-1 & 2.
- Candidates Reappearing for the FAFD AT must pay a fee of Rs. 590/- (500/- + 18% GST). This applies to those who attempted the test previously but couldn't pass. First-time candidates don't need to pay any fees.
- Strict adherence to ethical conduct is essential; any candidate using unfair means may face penalties from the Digital Accounting and Assurance Board.
- Application requests after the deadline (29th January 2024) won't be considered, and candidates will have to wait for the next AT.
- Members who have successfully cleared the FAFD Assessment Test previously are exempt from reappearing.
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FAFD Assessment Test 2024 FAQs
How can I qualify for the FAFD course?
To be eligible for the FAFD Assessment Test, candidates need to score a minimum of 50% in both their Module Test and Project Work, which adds up to 50 marks out of 100. Passing these tests is a prerequisite for appearing in the FAFD Assessment Test, which is worth 100 marks. Also, for more detailed information on ICAI FAFD Assessment Test 2024, check the above article.
What is the purpose of FAFD?
Forensic Accounting and Fraud Detection (FAFD) involve using accounting, auditing, CAATs/Data Mining Tools, and investigative skills to uncover frauds and errors. It plays a crucial role in identifying financial discrepancies and ensuring financial integrity. Also, for more detailed information on ICAI FAFD Assessment Test 2024, check the above article.
What does FAFD stand for in finance?
The full form of FAFD in finance is Forensic Accounting and Fraud Detection. This specialization is gaining prominence due to the rising incidents of cyber-crimes and the increasing need for detecting frauds in the financial domain. Also, for more detailed information on ICAI FAFD Assessment Test 2024, check the above article.
How do I apply for the FAFD Assessment Test?
To apply for the FAFD Assessment Test, candidates must first secure 50% marks in both Module Tests and Project Work. When this condition is satisfied, they are qualified.. The application process typically involves registration through the official platform, and candidates need to stay updated on deadlines and requirements for a smooth application process. Also, for more detailed information on ICAI FAFD Assessment Test 2024, check the above article.
What are the career benefits of completing the FAFD course?
Completing the Forensic Accounting and Fraud Detection (FAFD) course opens up diverse career opportunities. Graduates can pursue roles such as forensic accountant, fraud investigator, or internal auditor. These professionals are in demand across various industries, helping organizations mitigate financial risks and ensure ethical financial practices. Also, for more detailed information on the ICAI FAFD Assessment Test 2024, check the above article.
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