Certified Fraud Examiners- Everything you need to know!

Are you aiming to become a certified fraud examiner in South Africa? If so, you need to know the role of CFE in South Africa, including the earning potential it offers and what job profile of CFE.

What do certified fraud examiners do?

A CFE is a proficient and trained professional who investigates financial records to find fraud or other financial crimes. 

Their work includes:

• Analyzing the financial documents for signs of fraud.

• Helping in all kinds of investigations - criminal and civil

• Testify as a proficient witness at a trial.

• Prepare authentic reports.

• Assessing the financial transactions and conducting forensic audits.

By equipping yourself with CFE, you will have to

• Cautioning and mentoring others on the value of ethics and accountability

• Investigate the rampant fraud and corruption in the private and public sector

• Understand the legal position in fraud examinations, especially during legal prosecutions

Benefits of CFE certification in South Africa

The benefits of CFE certification accrue to both the professional and the general economy. Here is the list that CFE certification may yield to you and the economy.

1. Increase your earnings: A CFE earns more than non-certified colleagues. If you want to join forensic science and high-level auditing and investigations, CFE is the course to pursue. The moment you are through the CFE certification, you shall get many offers from many potential employers since the certification is in high demand.

2. Advance your career: CFE certification is documented evidence of expertise and experience, epitomizing a high level of skill, knowledge and professionalism. CFE is a degree in criminology the same way CPA is a degree in commerce. A graduate in criminology, forensics, audit, accounts or finance will be short from a professional viewpoint if they have not procured a certified fraud examiner course.

3. Enhance your marketability and job security: CFE is one of today's most marketable credentials. The profession has emerged as a gold standard in the area of fraud. Auditors with CFE are three times more likely to get more lucrative opportunities than those without the certification. Officers in law enforcement with CFE are more likely to be given investigation assignments or be headhunted for private employment.

4. Gain professional visibility and credibility: CFE is accepted worldwide as a standard of excellence in anti-fraud. A CFE is more likely to handle their assignments with a higher level of confidence and proficiency and thus take the recruiters more seriously.

5. Distinguished from peers: The CFE credential is recognized in leading organizations' hiring and promotion policies. It epitomizes self-awareness, conscious and meditated acquisition of specific skills by the professional. The certification is also a source for bagging the rights of professionals who work in environments that require knowledge in fraud examination.

6. Self-happiness and adequacy: CFE is not only crucial for extrinsic reasons like an increase in pay and promotional opportunities but also for intrinsic reasons. With CFE certification, you will be more self-adequate, leading to a better sense of achievement and purpose. The course impacts positively on your happiness index and health.