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Best Tips To Get The Certified Fraud Examiner (CFE) Certification

The Certified Fraud Examiner (CFE) is a qualification issued by the Association of Certified Fraud Examiners (ACFE). The CFE Exam is a four-part examination that tests your knowledge of the major areas that comprise the fraud examination body of knowledge: Financial Transactions and Fraud SchemesLawInvestigation, and Fraud Prevention and Deterrence. To learn about how to take the CFE Exam, Passcert provides the latest CFE exam dumps to help you prepare for your Certified Fraud Examiner (CFE) Certification easily, you will feel confident to pass the four CFE exams to get certified. We guarantee you get the Certified Fraud Examiner (CFE) Certification successfully on your first attempt.

Best Tips To Get The Certified Fraud Examiner (CFE) Certification

About Certified Fraud Examiner (CFE) Exam

The Certified Fraud Examiner (CFE) is a credential awarded by the Association of Certified Fraud Examiners (ACFE). A Certified Fraud Examiner (CFE) is a professional certification available to fraud examiners. CFEs are subject to periodic continuing professional education requirements (CPE) in the same manner as CPAs. To earn your Certified Fraud Examiner (CFE) credential, you must pass the 4 exam.

In order to pass, you must score at least 75% correct on each section of the CFE Exam. If you are unable to pass a section of the exam, you may retake that section. CFE Exam retake fees are $100 per failed section. The CFE Exam is administered year-round. You can take the exam online with a remote proctor, or in person at a Prometric test center site near you. The CFE Exam fee is $450.

Prerequisites for CFE Membership

●Candidates must be an Associate Member of the ACFE in good standing.

●Candidates must be of high moral and professional character and submit three professional recommendations completed by individuals who have worked with them professionally and can comment on their character, integrity and professional skills.

●Candidates must have a minimum of two years’ professional experience in a fraud-related field and a minimum of 50 points. Points are based on a combination of academic achievement, professional certifications and licenses and work experience.

●CFEs must pass a rigorous proctored exam with a score of 75% or higher on each of the four major disciplines that comprise the fraud examination body of knowledge: Financial Transactions and Fraud Schemes, Law, Investigation and Fraud Prevention and Deterrence.

Certified Fraud Examiner CFE Exam Section

CFE exam will test your knowledge in the four major areas of fraud examination — Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. These four areas correspond to the four sections of the Fraud Examiners Manual, which is the source of knowledge for all subject matter that appears on the CFE Exam.

1. Financial Transactions and Fraud Schemes

This section tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. In this section of the exam, you will be required to demonstrate knowledge of the following concepts:

Basic accounting and auditing theory

Fraud schemes

Internal controls to deter fraud

Other auditing and accounting matters

2. Law

This section focuses on the statutes and common law principles involved in prosecuting fraudsters. It also ensures your familiarity with the many legal ramifications of conducting fraud examinations, including: 

Criminal and civil law

Rules of evidence

Rights of the accused and accuser

Expert witness matters

3. Investigation

This section tests your understanding of the basic tools and techniques necessary to gather information and evidence when conducting a fraud examination and identifying perpetrators. It includes questions about:

Interviewing

Taking statements

Obtaining information from public records

Tracing illicit transactions

Evaluating deception

Report writing

4. Fraud Prevention and Deterrence

This section examines your understanding of why people commit fraud and the ways to prevent it. Topics covered in this section include: 

Crime causation

White-collar crime

Occupational fraud

Fraud prevention

Fraud risk assessment

The ACFE Code of Professional Ethics 

Benefits of the CFE Credential

Increase your earnings — CFE’s earn nearly 31% more than their non-certified colleagues according to the 2017/2018 Compensation Guide for Anti-Fraud Professionals.

Advance you career — CFE certification is documented evidence of expertise and experience, representing high level of skill, knowledge and professionalism.

Enhance your marketability and job security — Robert Half International identifies the CFE as “in-demand…one of the most marketable credentials today” and A.E Feldman, a leading executive search firm states, “…the CFE has emerged as the gold standard in the area of fraud.”

Gain professional visibility and creditability — The CFE credential is recognized in the hiring and promotion policies of leading organizations, including the FBI the U.S Department of Defense and the U.S Securities and Exchange Commission (SEC).

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