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ACFE CFE: Certified Fraud Examiner

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How to Prepare For ACFE CFE Certification Exam

Preparation Guide for ACFE CFE Certification Exam

ACFE CFE Certification: Tips to survive if you don’t have time to read all the page

A certified fraud examiner (CFE) is an authority in the professional anti-fraud world. He stands out as a professional in the prevention, deterrence, and investigation of fraudulent practices. CFEs have skills that no other professional in the anti-fraud community can boast of. They combine complex accounting operations with a thorough understanding of legal issues, investigative skills and how to further discourage and prevent fraud. Therefore, these are the main criteria used by ACFE. ACFE provides the training and education necessary for an individual to become a certified fraud examiner.

The aim of these training courses and exams is to provide the CFE with the initial skills to detect signs of fraud, defend the global economy by discovering fraudulent practices and devise methods to avoid fraud. No organization in the world, regardless of its size, is safe from fraudulent practices. These workplace frauds are universal and destructive in nature.

According to a study conducted by the Report to Nations in 2016, small organizations tend to suffer extremely high losses compared to large organizations because they employ fewer anti-fraud professionals, which makes them vulnerable to the risks of fraud. Indeed, it is estimated that around 5% of the revenue lost due to fraud per year is due to fraud and work-related abuse.

Introduction to ACFE CFE Certification Exam

The accounting profession requires workers to become students throughout their lives, keeping up to date with the latest laws and regulations governing their field. For this reason, many accountants specialize in a sub-area, such as fraud. Fraud costs companies billions of dollars every year, and as criminals get smarter, companies must do it too. To prevent and detect fraud, companies turn to industry experts called Certified Fraud Examiners (CFE).

In the late 1980s, the Association of Certified Fraud Examiners (ACFE) launched the CFE certification. Since then, fraud examiners around the world have obtained this certification to learn about the best fraud prevention practices and advance their careers. CFEs have specialist accounting skills and a deep understanding of how criminals attempt to defraud businesses.

This article explains what a CFE is and how to become a certified fraud examiner. At the end of the article, you can read an interview with a practicing CFE.

Topics of ACFE CFE Certification Exam

Candidates must know the exam topics before they start of preparation. Because it will really help them in hitting the core. Our ACFE CFE dumps will include the following topics:

  • Identity Theft
  • Investigating Documents
  • Accounting Theories
  • Bribery and Corruption
  • Data Reporting Tools and Analysis
  • Fraudulent Program Prevention Schemes
  • Locating Illicit Transactions
  • Report Writing
  • Inventory and Other Properties
  • Sources of Information
  • Covert Examinations
  • Conducting and Planning a Fraud Examination
  • Digital Forensics
  • Cash-Receipts Schemes
  • Data and Scholarly Property Larceny
  • Consumer Fraud
  • Insurance Fraud
  • Imbursement and Disbursement Fraud
  • Management Related Fraud
  • Computer and Cyber Fraud
  • Medical Management Fraud
  • Contract and Procurement Fraud
  • Finance Organizational Fraud
  • Commercial Document Fraud

ACFE CFE Certification Path

On the ACFE’s You have to completely fill the CFE Exam application form online website for taking the exam. The Certified Fraud examiner exam application online comprises four sections, namely qualifications, experience and character, signature statement and payment respectively. You are also required to submit supporting documents along with it to the certification portal on ACFE’s website. These supporting documents include your photo, proofs of education, proofs of experience and professional recommendations. Once this application is completed, it will take around 3-5 working days to review it and will be notified via email.

How much ACFE CFE Certification Exam cost

The price of ACFE CFE exam is 400 USD.

How to book ACFE CFE Certification Exams

Apply for the CFE exam and submit all your documents one month before scheduling the CFE exam. Part 1: complete the online application form and send the payment. The online application of the CFE exam includes four qualifying sections: qualifications, experience and character, signature declaration and payment.

What is the duration, language, and format of ACFE CFE Certification Exam

  • Format: Multiple choices, multiple answers
  • Length of Examination: 2.6 hours
  • Number of Questions: 500
  • Passing score: 75%
  • Language: ACFE CFE offered in English (U.S.), Chinese (Simplified), Czech, Dutch, French, German, Hebrew, Italian, Japanese, Korean, Polish, Portuguese (Brazil), Russian, Spanish, and Turkish.

ACFE CFE Certified Professional Salary

The average Salary of a Certified Fraud Examiners Salary in

  • United States: 91,000 USD
  • India: 1,00,000 to 6,00,000 INR
  • Europe: 81,718 Euro

The benefit in Obtaining the ACFE CFE Certification Exam

The benefits of this course benefit both professionals and the general economy. Here is a list of 7 benefits that the CFE course can bring to you and the economy.

Increase your revenue

CFEs earn 31% more than their colleagues who are not certified according to the 2017/2018 Remuneration Guide for anti-fraud professionals. There are many institutions in Kenya that employ certified fraud examiners and actually pay CFEs between 150,000 and 300,000 kes per month. Confirmed and experienced fraud examiners earn more than 700,000 kes per month.

The question here is not whether a CFE certification will get a job, but rather which organization will pay you best. As soon as you finish the course, you will receive several offers from many potential employers; because it is a very popular course. If you want to enter the field of forensic medicine and high level auditing and investigations, the CFE is the course to pursue

Advance your career

The CFE certification is a documented proof of competence and experience, which represents a high level of skills, knowledge and professionalism. The Certified Fraud Examination (CFE) is capable in criminology in the same way that CPA is able in commerce. A graduate in criminology, forensic medicine, auditing, accounting or finance will be handicapped from a professional point of view if he has not completed a certified examination course in fraud.

Improve your marketing and job security

Robert Half International identifies the CFE as “required … one of the most marketable credentials today” and AE Feldman, a leading executive research firm, says that “… CFE has become the point of reference for fraud.”

For example, the probability of promotional opportunities for security personnel (G4, Wells Fargo Limited, Bob Morgan Security Ltd among others) increases by 100%, for those with CFE compared to those who do not have a CFE. Auditors with CFE are 3 times more likely to get greener opportunities elsewhere. Law enforcement officers (police, CID) with CFE are 1.8 times more likely to be assigned to fact-finding missions or to be hired for private work.

Get professional visibility and credibility

The CFE is accepted worldwide as a standard of excellence in the anti-fraud profession. A CFE is more likely to manage its missions with a higher level of trust and competence and therefore be taken more seriously in its professions.

See, for example, the level of credibility given to the director of the CID, George Kinoti, and to the director of the prosecution, Noordin Haji.

Stand out from your peers

The CFE title is recognized in the hiring and promotion policies of the main organizations. A CFE certification is a source of bragging rights for professionals working in environments that require knowledge of fraud exams. Demonstrate self-awareness, conscious and thoughtful acquisition of relevant skills by a professional.

Self-sufficiency and happiness

The CFE course is not only important for extrinsic reasons such as wage increases and promotional opportunities, but it is also important for intrinsic reasons. A professional with CFE feels more independent and this leads to a better feeling of accomplishment and purpose. In essence, this is a course that can have a positive impact on your happiness index and your health

Patriotic reasons

As a Kenyan patriot, it is your responsibility to equip yourself with CFE skills so that you can play a role in President Uhuru’s Big 4 program. As a CFE, you can play a role in ensuring that the misappropriation of public and private resources is reduced. The Big 4 builds on reports from investigative and judicial agencies such as the Office of the Director of Public Prosecutors (ODPP), the Office of the Director of Criminal Investigations (DCI), the Office of the Ethics and Anti-Corruption Commission (OEACC), among the others

Difficulty in writing the ACFE CFE Certification Exam

This ACFE CFE exam is very difficult to prepare. Because it requires all candidate attention with practice. So, if Candidate wants to pass this ACFE CFE exam with good grades then he has to choose the right preparation material. By passing the ACFE CFE exam can make a lot of difference in your career. Many Candidates wants to achieve success in the ACFE CFE exam but they are failing in it. Because of their wrong selection but if the candidate can get valid and latest ACFE CFE study material then he can easily get good grades in the ACFE CFE exam. Certification-questions providing many ACFE CFE exam questions that help the candidate to get success in the ACFE CFE test. Our ACFE CFE dumps specially designed for those who want to get their desired results in the just first attempt. ACFE CFE dumps questions provided by Certification-questions make candidate preparation material more impactful and the best part is that the training material provided by Certification-questions for ACFE CFE exams are designed by our experts in the several fields of the IT industry.

How to study the ACFE CFE Certification Exam

There are two main types of resources for preparation of certification exams first there are the study guides and books that are detailed and suitable for building knowledge from ground up then there are video tutorials and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Smart Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. expert team recommends you to prepare some notes on these topics along with it don’t forget to practice ACFE CFE dumps which had been written by our expert team, Both these will help you a lot to clear this exam with good marks.

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