MEMBERSHIP CATEGORIES

 

Student membership

Any bonafide (full-time) student studying towards a relevant NQF 6 or higher qualification, may apply for and be awarded student membership.

Student Member is reserved for bona fide students who are studying towards a relevant NQF 6 or higher qualification.  Student membership is limited to a maximum of four years duration and students must annually provide the ICFP with proof that he/she is a bona fide student at a tertiary institution.

Student memberships are reserved for full-time students that are not employed and do not earn an income.

On completion of the relevant qualification or the stipulated four years duration, whichever comes first, the student’s membership will be cancelled.  Student members in good standing may apply to be upgraded to Associate membership.

Associate Membership

Any fit and proper person, having passed a Senior Certificate and who is obtaining experience in the commercial forensic field or studying towards a relevant qualification, may apply for and be awarded associate membership.

Full membership -awarding of the professional designation (FP)SA

Any fit and proper person who applies will qualify as a full member on the following grounds:

  1. proof of having passed a pre-approved qualifying examination, as determined by the Board, with at least 3 years of relevant commercial forensic experience.

Practice notes for the awarding and maintenance of the (FP) SA designation

Corporate membership

The ICFP does not offer Corporate membership as the South Africa Qualifications Authority (SAQA) Policy and Criteria for Recognising a Professional Body and Registering a Professional Designation does not make provision for a professional body to offer Corporate membership.

See SAQA Policies

Relevant Qualifications

Any industry-related degree, diploma or other qualification at level 7 and higher on the Higher Education Qualifications Sub-framework (HEQSF).

Tertiary institutions must be registered at the Department of Higher Education (DHET) and accredited by the Council for Higher education (CHE).

The Higher Education Act, 1997 (Act No. 101 of 1997)

Relevant experience

Relevant experience refers to experience gained in the prevention, detection and investigation of commercial crimes (such as fraud, corruption and money laundering). Commercial Forensic Practitioners require skills and knowledge in accounting, criminal- and civil law, investigations and IT. Investigations can include regulatory investigations (money laundering and bribery), criminal and civil investigations, as well as strategies to prevent and detect commercial crimes such as fraud risk assessments and forensic data analytics.

Logo’s

(FP)SA’s

Members that were awarded the professional designation (FP)SA and are in good standing with the ICFP may use the following trademark.

(FP)SA Insignia

Associate members and Students

Associate members and Student members may use the ICFP logo given they have the necessary permission from their employer/ tertiary institution.

Honorary Membership

The Board may award honorary membership to any person in recognition of an outstanding contribution to the development of the commercial forensic profession or outstanding service to the Institute.

Membership Fees

As approved by the ICFP members at the AGM on 25 July 2019, membership dues will increase equal to the average inflation rate as communicated by the South African Reserve Bank Monetary Policy Committee (“MPC”) during their last meeting.

The Reserve Bank’s 23 November 2023 monetary policy statement projects a 5.8% headline inflation rate for 2023.

  2023 2024
Students R 224.88 + VAT R 237.92 + VAT
Associate members R 1,389.85 + VAT R 1,470.46 + VAT
(FP)SA’s R 2,779.71 + VAT R 2,940.93 + VAT

Membership application

Should you have inquiries with regard to membership kindly contact us at membership@icfp.co.za or via telephone per the details listed on the ‘contact us’ tab on our website.

 

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