CFE (Certified Fraud Examiner)

About the course

This is an exam preparation training for candidates who look forward to achieve the CFE credential awarded by ACFE (Association of Certified Fraud Examiner) and excel their career as an Anti-Fraud Professional. This certification is the benchmark for the professionals work in this sector.

Who needs this course?

Any professional who works in Accounting, auditing, governance, risk management, compliance and investigation needs this certification.
Exam Eligibility:

Academic Requirements

In general, applicants for CFE certification have a minimum of a Bachelor’s degree (or equivalent) from an institution of higher learning. No specific field of study is required. If you do not have a Bachelor’s degree, you may substitute two years of fraud-related professional experience for each year of academic study. For example, if you successfully attended college full-time for only two years, you would need an additional four years of professional experience to meet the education requirements.

Professional Requirements

At the time you are certified, you must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud. Candidates lacking two years of professional experience can still take the CFE Exam as long as they have a minimum of 40 total qualifying points. Once the individual has fulfilled their 50-point minimum and two years of professional experience they will be awarded the CFE credential.

Course content:

The CFE Exam tests your knowledge of the four major areas that comprise the fraud examination body of knowledge:

Financial Transactions and Fraud Schemes — tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.
Law — 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, and expert witness matters.

Investigation — includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.

Fraud Prevention and Deterrence — tests your understanding of why people commit fraud and ways to prevent it. Topics covered in this section include crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional Ethics.

CFE Exam Format

You will have 2 hours to complete each section of the CFE Exam. Although the total exam time is approximately 8 hours, applicants have 30 days from when they receive their CFE Exam Keys to finish the exam. Applicants may take each section of the exam at their own convenience, as long as all sections are completed by the end of the 30 days. Each CFE Exam Key expires 24 hours after it has been entered.

Learning outcomes:

This course will support the candidates who look forward to pass the CFE Exam by giving an extensive training for the exam. The candidates can work in Anti-Fraud profession once they pass the CFE examination.