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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.
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.
Reference: http://www.acfe.com/details-of-exam.aspx
ACFE CFE Certified Professional Salary
The average Salary of a Certified Fraud Examiners Salary in
- India: 1,00,000 to 6,00,000 INR
- United States: 91,000 USD
- Europe: 81,718 Euro
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ACFE CFE Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Fraud Prevention and Deterrence | - Internal controls - Fraud risk assessment - Fraud prevention frameworks |
| Financial Transactions and Fraud Schemes | - Accounting and financial statement fraud - Corruption schemes - Asset misappropriation schemes |
| Law | - Criminal law fundamentals - Rules of evidence and procedure - Legal elements of fraud |
| Investigation | - Evidence collection and preservation - Data analysis in investigations - Interviewing techniques |
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