Unmasking Fraud, Upholding Integrity
Why CFE
Established in 1988 the Association of Certified Fraud Examiners is the professional organisation that governs professional fraud examiners.
The Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk.
CFEs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place.
Professionals who earn and maintain this accreditation establish themselves as leaders in their field and gain insight into industry trends and best practices in the process. The CFE has emerged as the gold standard in the area of fraud.
Increase your earnings by acquiring a unique set of skills that are not found in any other career field or discipline.
CFE certification is documented evidence of expertise and experience, representing a high level of skill, knowledge and professionalism. Distinguish yourself from your peers since every year more organisations seek individuals with this unique skill set.
Enhance your marketability and job security by combining knowledge of complex financial transactions with an understanding of investigative techniques, law, and how to resolve allegations of fraud. In a recent study by Robert Half International, a leading specialist in financial staffing, the CFE is listed as one of the most marketable credentials today.
Members learn to apply ethical practices and gain foundation of the skills needed to demonstrate the commitment to high standards of accountability and integrity that build a trusted reputation.
Programme Overview
The CFE Exam contains the following four areas of fraud examination each of which represents a separate examination:
Examines general accounting concepts and describes hundreds of the most common employee defalcation schemes including financial statement fraud, asset misappropriation, bribery and corruption schemes. This section also highlights industry-specific fraud including healthcare fraud, financial institution fraud, insurance fraud, securities fraud, consumer fraud and many more.
Focuses on the statues and principals involved in prosecuting fraudsters through both the criminal and civil systems, as well as legal pitfalls you may encounter in conducting an investigation.
Provides the basic tools and techniques necessary to gather information and evidence when conducting a fraud examination and identifying perpetrators.
Explores why people commit fraud and what can be done 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.
What You Need to Know
To join the CFE programme you must meet one of the following requirements:
- Have a Bachelor’s degree from an institution of higher learning. No specific field is required, or
- Be a member of a professional recognised body (ie. ACCA, ICAEW, AIA, CIA etc) or
- Possess two years of fraud-related professional experience for each year of academic study (i.e. 8 years).
There are no exemptions available from the CFE Programme.
To register to the CFE course and join the ACFE click here
Booking your Exam:
Upon receiving approval from the ACFE, you can schedule your exam dates through Prometric. You will have 60 days to complete all four sections of the exam.
You can find all relevant details about exams here
There are no deadlines for a candidate to register as to be eligible for the CFE exams. You may take the exam any time during the year and can be administered via your own computer.
Important Fees:
- General – Associate Membership (auto renew)
- CFE Exam Fee (€450 exam fee – a €100 credit) *
To earn the CFE credential, the candidate will need to:
- Meet the entry requirements
- Register as an Associate member of the ACFE
- Submit the CFE exam application with proof of education and professional recommendations
- Pass the CFE Exam and
- Possess 2 years of professional experience either directly or indirectly related to fraud. The ACFE recognises the following areas as qualified professional experience:
- Accounting and auditing
- Criminology and sociology (sociology is acceptable only if it relates to fraud)
- Fraud investigation
- Loss prevention (experience as a security guard or equivalent is not acceptable)
- Law relating to fraud
- Other experience can qualify, but must be reviewed for applicability.
