The ABCs of Certification by IAAR

Building a psychometrically-complete certification examination is not easy.

The Certified Specialist in Asset Recovery process is long, complex and inclusionary. All members of the asset recovery team* -- including lawyers, investigators, forensic accountants and information analysts -- are involved. It requires hundreds of hours, dozens of experts, hundreds of survey responses, a psychometric firm, an experienced professional staff, and much perseverance. This is how it's done the right way.
 

Steps to the Certification Process

The following are the steps that IAAR embarked on since March 2010 to ensure that the exam meets the highest levels of professionalism and psychometric soundness:
  1. The continuous assistance and collaboration, starting in March 2010, of more than 30 diverse experts who have participated in every important psychometric phase of the process;
  2. A weekend-long meeting in a Miami hotel conference room of 11 experts from around the United States who identified hundreds of "job tasks" of multidisciplinary asset recovery* specialists;
  3. Hundreds of hours of experts' time spent writing and reviewing more than 190 possible exam "items," or questions. With six and seven persons at times on a question-review telephone call, some items are debated at length to assure their clarity, appropriateness and relevance in measuring asset recovery* competence;
  4. Continuous guidance by a top psychometric firm on competency assessment standards and procedures;
  5. The continuing work of Kryterion in reviewing each of the 190 items to assure their psychometric soundness, semantic clarity, lack of ambiguity and "legal defensibility;"
  6. The close application of rigorous quality control measures by the IAAR professional staff, which has years of experience in creating and managing a professional certification program;

The result of this work involving hundreds of hours of top professionals is an examination that will be the gold standard in the field, a landmark development in the world of asset recovery* that gives fraud victims and government agencies a standard to discern the best from the rest.

The CSAR examination debuted on Nov. 6, 2010, and will provide for successful candidates the Certified Specialist in Asset Recovery* (CSAR) credential. This certification will validate asset recovery* knowledge and skill and provide objective, verifiable evidence of competence in sound asset recovery* policies and procedures. The CSAR certification is a multi-disciplinary credential for asset recovery* professionals across various occupations and disciplines.

Here are answers to the many questions we have received from IAAR members and CSAR hopefuls, certification candidates and website visitors.

1. What is the focus of the CSAR Exam?

CSAR is the first independent asset recovery* certification program that is not tied to a product, consulting service or software. It adheres to strict psychometric competency principles to assure that the examination is a fair, unambiguous test of knowledge and skill and is legally defensible. CSAR hired one of the leading psychometric and testing firms, Kryterion, to assure testing soundness, security and integrity. The examination will provide an assessment of a candidate's knowledge and skill on best practices. It will not be a test of knowledge of any product, training course or software. CSAR is self-funded and totally independent of vendors, attorneys and consultants.

2. What is the benefit of earning the CSAR credential?

By earning the CSAR credential, a person who works in any aspect of asset recovery* in the public or private sectors or with any entity will validate their asset recovery* skills and display objective, verifiable evidence of competence in relevant policies and procedures. IAAR believes that CSAR-earners will enhance their career, provide reassurance to their employers that they know how to do asset recovery* the right way, and advance their careers more rapidly and with greater pay.

3. How do I prepare for the CSAR exam?

IAAR offers a CSAR Certification Examination Preparation Study Guide, as well as an online, on-demand seminar at www.IAARonline.org available in December. Candidates who sign up for the exam will receive the CSAR Certification Examination Preparation Study Guide electronically at no extra charge. Register now for CSAR.

4. When and where will the CSAR certification examination be administered?

Computer-based, proctored administration of the CSAR exam is available year-round at more than 500 Kryterion-CSAR testing locations worldwide, including 314 in the United States and 28 in Canada. View the listing of all testing centers.

5. Is there a CSAR Candidate handbook?

Yes. Download it here.

6. Is there a CSAR Exam Study Guide?

Yes. Candidates who register for the CSAR exam will receive a copy of the Study Guide for the CSAR Certification Exam.

7. What experience and educational requirements must a CSAR certification candidate meet before taking the exam?

To be eligible to sit for the CSAR Examination, you must: 1.) be an active Member of IAAR; 2.) document at least 50 qualifying credits in asset tracing and recovery and closely-related fields based on education and training, professional certifications and professional experience; and 3.) provide three professional references.

8. What subjects will the CSAR certification examination cover?

The certification exam will test a candidate's knowledge in 9 major areas of asset recovery*, covering many things from legal considerations in asset recovery* and ethics to financial flow analysis and investigative techniques.

9. What are the CSAR exam questions like? Are there essay questions?

The CSAR exam consists of multiple-choice and multiple select questions based on a scenario related to asset recovery* processes. There are no essay questions.

10. What security procedures will CSAR follow to assure the integrity of the examination?

Candidates authorized to take the CSAR exam must follow Kryterion's specialized security protocols at the testing venue. These include biometric management methods to assure identity, video surveillance, proctored environments, high-walled cubicles and other security measures. IAAR follows the same standards as those imposed for examinations for Certified Public Accountant (CPA) and Series 7 securities licenses.

11. What independent, objective standards did IAAR follow in the implementation of the CSAR certification examination and program?

Yes. Following the standards of the Institute for Credentialing Excellence (ICE), a professional certification program such as the CSAR is a competency assessment based on industry knowledge and practice, fully independent of training courses and course providers. This certification is granted only to those who meet the assessment standards. The CSAR examination meets the highest standards of a professional certification program.

12. How did IAAR determine the areas of policy and practice that will be covered in the CSAR exam?

The input of experts representing all members of the asset recovery team* contributed to fashioning the 9 major areas that are the basis of the CSAR exam.

13. Is IAAR new at offering certification exams?

Absolutely not. We've done it before with success. Our track record speaks for itself, most notably with the Certified Anti-Money Laundering Specialist (CAMS) credential, which we created and launched in 2001. Today the CAMS is the world standard-bearer in a similar multidisciplinary field. The Association of Certified Anti-Money Laundering Specialists (ACAMS) today has more than 7,500 certified and 10,000 total members in about 130 countries. The CAMS certification is held by thousands of corporate, government, financial institution and other officials.

 

The CSAR certification is built along the same lines as the CAMS certification and follows the same psychometric principles of soundness, integrity and professionalism. Both organizations adhere to the standards of the Institute for Credentialing Excellence (ICE). We are well-equipped to devise and construct the CSAR certification because our professional staff has years of certification, training and education experience.

14. Is the CSAR certification tied to any vendor, software manufacturer or law or consulting firm?

No. IAAR is self-funded and is owned and operated by professionals with decades of combined experience in running first-class certification programs, training programs and independent member associations. The CSAR exam is strictly vendor-neutral.

15. What type of organization is IAAR?

IAAR is a membership association committed to enhancing the capabilities, recognition, job performance and careers of its Members. It seeks to improve the knowledge and skills of its Members so they may do their jobs better and help their employers -- in the private and public sectors -- achieve better results, reduce costs and contain risks. IAAR also seeks to enrich the careers of its members by expanding their contacts, horizons and networks through live and online events, including conferences in South Florida, Las Vegas and London. It will also provide them with career networking and employment aids, including salary surveys, and connect them with asset recovery* specialists and IAAR members in other domestic and international regions.

 

IAAR follows the business models of the Association of Certified Fraud Examiners (ACFE), which awards the Certified Fraud Examiner (CFE) certification, and ACAMS, which awards the Certified Anti-Money Laundering (CAMS) certification, to persons who pass an examination and meet certain requirements. Both are privately-funded independent associations that cater to the professional needs of hundreds of corporations and U.S., state and local government agencies whose employees share common challenges and concerns. Organizational and individual members of ACFE and ACAMS represent some of the largest organizations in the United States and the world, and many civilian and military U.S. government agencies.

 

For information and to register for the CSAR certification examination, call Debbie Pelland at 786-517-2701, email dpelland@iaaronline.org.

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CSAR Exam and Electronic Study Guide - $595

The electronic nine-chapter study guide presents an in-depth and comprehensive preview of the information covered in the exam, including subjects such as: financial flow analysis, investigative techniques, professional ethics, skills around the rules of evidence, asset recovery team* management and more.

CSAR Exam and Electronic Study Guide (Government) - $495

The electronic nine-chapter study guide presents an in-depth and comprehensive preview of the information covered in the exam, including subjects such as: financial flow analysis, investigative techniques, professional ethics, skills around the rules of evidence, asset recovery team* management and more.

CSAR Winter Special - $495

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Get the electronic nine-chapter study guide presents an in-depth and comprehensive preview of the information covered in the exam and unlimited access to the downloadable preparation seminar.  A step-by-step guide to help you master the necessary material for the rigorous exam that will earn you the credential as a Certified Specialist in Asset Recovery* (CSAR).