How to become a certified fraud examiner?

CFE's or certified fraud examiners have a unique set of skills that you can not found in any other career field. These professionals combine knowledge of complex financial transactions with an understanding of law, methods and how to resolve allegations of fraud. They are trained to understand how and why Fraud occurs. The CFE South Africa credential is recognized in the employing and promotion policies of many leading companies and organizations across the world. CFE's earn 23 to 25 percent more than their non certified colleagues.

Let's know what a certified fraud examiner does?

The education of CFE includes imparting a company grip over forensic methodology, rich knowledge of complex financial transactions and law. They are trained in understanding why and how a company fraud occurs alongside the best solutions on how to rectify allegations of fraudulent activities.

How can you become a certified fraud examiner?

·         You must meet all the needs mentioned below so as to be a certified fraud examiner.

·         You must meet the minimum professional as well as academic needs.

·         Be an associate fraud examiners in good eastern

·         Must have agreed to comply with the ACFE code of professional ethics.

·         Be a person of high and strong moral character

·         Now pass the examination

A complete CFE exam application with documentation is needed to take the exam. The exam application fee is $450.

What are the professional requirements of becoming a CFE?

You must need a minimum of two years of specialized experience in any field that related to the deterrence and detection of fraud (directly and indirectly). The association of certified fraud examiners identifies some of the areas mentioned below as competent experiences.

·         Auditing & accounting

·         Laws that relate to fraud

·         Loss prevention

·         Fraud investigations

·         Sociology and criminology

·         Other professional work experience can qualify, but it is reviewed first.

How many questions will be asked in the CFE exam?

The CFE exam comprises 500 questions divided into four sections. 1) financial transactions and fraud schemes, 2) law, 3) investigation and 4) fraud prevention and deterrence.

It is good if you decide when you are planning to take an exam such as within 1 month, 3 months or a year before attempting the exam. If you are planning to give the exam within in a month, then pay your exam fee and submit your documents before 1 month as ACFE will take some time to review your submitted documents. You have to pay $400 for an exam and have to pay $300 if have already purchased a prep course.