The process to obtain Certified Fraud Examiner (CFE) certification requires following these steps.
Organizations worldwide face increasing fraud problems so they require experts who can identify and stop fraudulent activities. The Association of Certified Fraud Examiners (ACFE) grants the Certified Fraud Examiner (CFE) designation which stands as a leading professional certification for this field. The CFE certification provides candidates with access to various career paths including auditing and compliance and risk management and law enforcement roles.
The following steps outline the process to become a CFE for those who want to obtain this certification:
1. Understand What a CFE Does
A Certified Fraud Examiner receives training to perform the following duties:
Organizations need professionals who can identify and stop fraudulent activities and implement prevention measures.
The professional must perform financial investigations as part of their duties.
The professional must conduct interviews with both suspects and witnesses during their work.
The professional needs to understand the legal aspects of fraud-related laws.
The professional provides organizations with recommendations for anti-fraud controls and policies.
The position demands exceptional analytical abilities together with strong ethical conduct and effective communication skills.
2. Meet the Eligibility Requirements
The ACFE requires candidates to fulfill specific requirements before they can take the CFE exam.
The candidate needs to graduate from an accredited institution with a bachelor’s degree or equivalent qualification.
The candidate needs to show proof of at least two years of work experience in fields such as accounting auditing law criminology investigation or loss prevention.
The candidate needs to confirm their commitment to follow the ACFE Code of Ethics.
3. Become a Member of the ACFE
The Association of Certified Fraud Examiners requires membership for candidates who want to obtain certification. ACFE membership grants members access to educational materials and study resources and professional development opportunities.
4. Prepare for the CFE Exam
The CFE exam assesses candidates through four main sections which focus on fraud examination.
Fraud Prevention & Deterrence
Financial Transactions & Fraud Schemes
Investigation Techniques
Law
Most candidates prepare for the exam through the CFE Exam Prep Course and ACFE study guides and online training programs.
5. Apply for the CFE Exam
You can submit your application for the CFE exam through the ACFE website after fulfilling all requirements and feeling prepared. The application process requires you to:
You need to present your educational records and work experience documents.
The exam application fee must be paid by the candidate.
The application requires professional references from your network.
6. Pass the CFE Exam
The computer-based test contains multiple-choice questions that assess knowledge in the four main areas of fraud examination. The minimum passing score for the exam is 75%.
7. Maintain Your CFE Credential
After obtaining certification CFEs need to:
The CFEs need to complete Continuing Professional Education (CPE) credits throughout each year.
The CFEs need to stay current with fraud examination developments and legal frameworks and technological advancements.
The CFEs need to maintain their ethical conduct and professional behavior.
The CFE certification provides multiple career advantages to its holders.
The CFE certification holds international recognition in more than 180 countries worldwide.
The CFE certification leads to higher salary levels than what non-certified professionals receive.
The certification enables professionals to work in various fields including corporate security and auditing and government and law enforcement and consulting.
The CFE certification provides members with access to ACFE resources and conferences and networking opportunities for professional development.
Website : https://www.acfe.com/