How To Become a Certified Fraud Examiner (CFE)?
February 03,2021
The CFE credential is globally-recognized, respected and accepted as the standard of professional excellence. CFE certification represents documented evidence of anti-fraud expertise, knowledge and professionalism. Passcert new released CFE Investigation exam, CFE Fraud Prevention and Deterrence exam and CFE Financial Transactions and Fraud Schemes exam dumps for your best preparation, you can get real CFE exam questions and answers to practice and you are guaranteed to pass your Certified Fraud Examiner (CFE) certification successfully in your first attempt.
Certified Fraud Examiner (CFE)
Certified Fraud Examiner (CFE) membership is open to Associate members who are interested in taking their career to the next level by earning the standard of professional excellence in the anti-fraud profession. The CFE credential is increasingly being designated as a preferred credential in the hiring practices of businesses, government entities and law enforcement agencies.
The CFE Exam tests your knowledge and expertise in the four primary areas of fraud examination: Financial Transactions & Fraud Schemes, Law, Investigation, and Fraud Prevention & Deterrence. Upon passing the CFE Exam, your application will be reviewed by the Certification Committee. After your application is approved, you will be a CFE. CFEs must obtain a minimum of 20 hours of Continuing Professional Education (CPE) every 12-month period and pay annual membership dues to stay current in their professions.
Certified Fraud Examiner (CFE) Exam Overview
Before earning the CFE Credential, you are required to pass the CFE Exam. The CFE Exam tests your knowledge of the four major areas that comprise the fraud examination body of knowledge:
1. 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.
2. 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.
3. Investigation — includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.
4. 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
NEW! The CFE Exam platform has changed! Read more about the new requirements.
The CFE Exam is administered online via computer.
The exam contains four sections.
The CFE Exam is a closed-book and closed-notes exam.
The CFE Exam can be taken at a time convenient for you.
The exam has a number of controls to ensure integrity and each exam is generated from a master database. No two exams are exactly the same.
Taking the CFE Exam
To be eligible for the CFE Exam, you must be an ACFE member and have an approved CFE Exam application on file.
You have 30 days from receiving your exam key(s) to take all your exam sections.
You must take each exam section within 24 hours of unlocking it.
Once you start a section of the exam, you must complete it in one sitting.
You are not required to complete all four sections in one sitting. In fact, we recommend only taking a section or two at a time.
You must pass each section of the exam within three attempts.
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