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The CFE title is recognized in the hiring and promotion policies of the main organizations. A CFE certification is a source of bragging rights for professionals working in environments that require knowledge of fraud exams. Demonstrate self-awareness, conscious and thoughtful acquisition of relevant skills by a professional.
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Apply for the CFE exam and submit all your documents one month before scheduling the CFE exam. Part 1: complete the online application form and send the payment. The online application of the CFE exam includes four qualifying sections: qualifications, experience and character, signature declaration and payment.
Reference: http://www.acfe.com/details-of-exam.aspx
Preparation Guide for ACFE CFE Certification Exam
ACFE CFE Certification: Tips to survive if you don't have time to read all the page
A certified fraud examiner (CFE) is an authority in the professional anti-fraud world. He stands out as a professional in the prevention, deterrence, and investigation of fraudulent practices. CFEs have skills that no other professional in the anti-fraud community can boast of. They combine complex accounting operations with a thorough understanding of legal issues, investigative skills and how to further discourage and prevent fraud. Therefore, these are the main criteria used by ACFE. ACFE provides the training and education necessary for an individual to become a certified fraud examiner.
The aim of these training courses and exams is to provide the CFE with the initial skills to detect signs of fraud, defend the global economy by discovering fraudulent practices and devise methods to avoid fraud. No organization in the world, regardless of its size, is safe from fraudulent practices. These workplace frauds are universal and destructive in nature.
According to a study conducted by the Report to Nations in 2016, small organizations tend to suffer extremely high losses compared to large organizations because they employ fewer anti-fraud professionals, which makes them vulnerable to the risks of fraud. Indeed, it is estimated that around 5% of the revenue lost due to fraud per year is due to fraud and work-related abuse.
| Section | Weight | Objectives |
|---|---|---|
| Fraud Prevention and Deterrence | 20% | - ACFE Code of Professional Ethics - Corporate governance and ethics - Designing and implementing prevention programs - Causes and theories of fraud and white-collar crime - Fraud risk assessment and management |
| Fraud Schemes and Financial Crimes | 40% | - Basic accounting and auditing concepts - Types of fraud schemes and financial crimes - Internal control systems and fraud prevention - Asset misappropriation, corruption, and other occupational fraud - Financial statement fraud |
| Fraud Investigations and Legal Issues | 40% | - Investigation planning and evidence gathering - Report writing and documentation - Legal framework: criminal, civil, and administrative law - Interviewing and interrogation techniques - Rules of evidence and rights of parties |
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