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Risk and Financial Advisory, Master of Science

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30 Credits
The Peter J. Tobin College of Business
Queens Campus


The Master of Science in Risk and Financial Advisory curriculum prepares students who have career interests in internal audit, information technology audit, fraud examination, compliance audit, litigation support, risk assessment and control, enterprise risk management, controllership, and mergers, acquisitions, and reorganizations.  The program prepares students to assist an organization on meeting its business objectives.

Many business, not-for-profit, and governmental organizations are recruiting for entry level advisory staff positions in internal audit, fraud examination, information technology audit, risk assurance, compliance audit, financial examination, and other assurance professions. The M.S. in Risk and Financial Advisory provides the needed competencies for those roles.  These positions do not require the applicant to be an accountant, but they do require an understanding of the knowledge and skills necessary to be an advisory and assurance professional.  Undergraduate business majors and computer science majors can obtain employment as assurance professionals, if they have the appropriate educational background.  

Advisory and assurance professionals recognize the need to assist their clients in managing strategic, financial, operational, technological, reputational, and regulatory risk to maximize their stakeholder value.  Our graduates are prepared to address events that disrupt operations, hinder an organization from reaching its strategic objectives, and determine financial value.  While the curriculum is intended to provide rigorous academic and applied content, students will find the competencies helpful in the preparation for the following professional examinations: Certified Internal Auditor (CIA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), Certification in Control Self-Assessment® (CCSA®), Certification in Risk Management Assurance (CRMA), Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in the Governance of Enterprise IT (CGEIT) Certified in Risk and Information Systems Control (CRISC), Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), and many more. 

Concentrations and Endorsements

The one-year, 30-credit Master of Science in Risk and Financial Advisory program is offered on our Queens campus. The Master of Science in Risk and Financial Advisory enables students to select from a wide range of concentrations, such as, internal auditing, risk advisory services; information systems’ audit and control; enterprise risk management; forensic accounting and fraud examination; and compliance auditing. The program and concentrations have been endorsed by such professional organizations as the Institute of Internal Auditors (IIA) through its Internal Audit Educational Partnership (IAEP), the Association of Certified Fraud Examiners (ACFE); the Institute of Management Accountants (IMA); and the Association of Certified Chartered Accountants (ACCA). The Information Systems Audit and Control Association (ISACA) has recognized the program as aligned to its model curriculum; and the Department is recognized by the New York State Society of Certified Public Accountants. The program is separately accredited by the AACSB-International and is one of 187 universities world-wide that has achieved that distinction.

Other Graduate Degree Programs

Other graduate programs offered by the Department of Accounting and Taxation include the Master of Business Administration in Accounting, the Master of Science in Accounting, the Master of Science in Enterprise Risk Management and a Master of Science in Taxation.  In conjunction with the School of Law we offer special dual degree programs leading to a Juris Doctor (J.D.) degree and an M.B.A. degree in accounting.

For additional information on the Master of Science in Risk and Financial Advisory, please contact the faculty program director:

David Y Chan, Associate Professor
Department of Accountancy
Tobin 356
[email protected]

For additional information on the Master of Business Administration, please contact the faculty program director:

K. Matthew Wong, Professor
Department of Economics and Finance
Tobin 345
[email protected]



Application Requirements
All applicants must possess a baccalaureate degree from an accredited institution or the international equivalent prior to enrollment at the graduate level. In addition to the application form and non-refundable application fee candidates should submit the following:

  • Statement of professional goals and resume which can be uploaded as part of the  application for admission
  • Official transcripts from all undergraduate, graduate and professional schools attended. International Applicants to programs in Accounting and Taxation must have a Graduate Admissions evaluation completed by AEQUO.
  • Official GMAT or GRE scores, taken within the last five years
  • Two letters of recommendation, obtained from professional or academic references
  • Official TOEFL or IELTS scores are required for applicants whose native language is not English

For additional information, please contact:

The Peter J. Tobin College of Business
Office of Graduate Admission
8000 Utopia Parkway
Suite 114
Queens, NY 11439
[email protected]


The admission requirements to the M.S. in Risk and Financial Advisory permit you to substitute the results of that uniform CPA Examination in lieu of the GMAT, if you have successfully completed that examination or an equivalent examination,.  For Licensed CPAs, the advisory and assurance courses taken during your studies will fulfill your continuing professional education (CPE) requirements while you earn your graduate degree. If you have an undergraduate degree in accounting, you can use the degree to meet the 150-hour requirement for CPA licensing in New York State.