CRFA Study Guide 2026
Everything you need to pass the CRFA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CRFA Exam Format at a Glance
📚 CRFA Topics to Study (20)
✍️ Sample CRFA Questions & Answers
1. When forensic accountants calculate damages in a breach of contract case, they typically measure:
Expectation damages aim to give the non-breaching party the economic benefit of their bargain by recreating the financial position they would have achieved.
2. What regulatory compliance requirement applies to estate planning?
Full regulatory compliance is mandatory regardless of practice size, ensuring market integrity and client protection.
3. During e-discovery in a forensic accounting investigation, metadata is important because it can reveal:
File metadata such as creation date, last modified date, and author information can help establish timelines and detect document tampering.
4. How should conflicts of interest be managed in investment analysis?
All actual and potential conflicts of interest must be identified, disclosed to clients, and mitigated to maintain trust and compliance.
5. Which valuation multiple is most useful when comparing companies with different capital structures in a forensic business valuation?
EV/EBITDA eliminates the effects of leverage and non-cash charges, making it a capital-structure-neutral multiple suitable for comparing businesses with varying debt levels.
6. How should conflicts of interest be managed in regulatory compliance?
All actual and potential conflicts of interest must be identified, disclosed to clients, and mitigated to maintain trust and compliance.