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Certified Fraud Examiner

CFE
Certified Fraud Examiner

Your professional journey starts with PrimeVest

The job market is exploding for professionals who are conversant with business executives and know how to follow a data trail and review digital evidence.

The Certified Fraud Examiner credential is a must for any professional committed to bringing best practices and top skills to the fore. Call us for more details.

Make yourself stand out from the others

Career Opportunities for CFE

  • Healthcare organizations and
  • Banking institutions
  • Law enforcement agencies,
  • Government agencies,
  • Defense contractors and
  • Private consulting companies

PrimeVest will guide you through to become a CFE.

CMA

CFE

Certified Fraud Examiner

Hongjing will guide you on how to become a CFE

How to Become a CFE.

  • 1. Eligibility
    To obtain the designation, individuals must have a bachelor’s degree, two years of relevant experience, and pass a four-part examination.
  • 2. Sign up with PrimeVest
    PrimeVest provides consultancy services to facilitate candidates to apply, schedule and arrange professional examinations. Candidates may simply focus on exam review and preparation while PrimeVest will assist with the tedious and time consuming pre and post examination procedures.
  • 3. Apply for the exams
    PrimeVest provides consultancy services to facilitate candidates to apply, schedule and arrange professional examinations. We also assist with candidates for the practice licenses required in the US.
  • 4. Exam prep

    The CFE Exam is designed to test your knowledge of the four major disciplines that comprise the fraud examination body of knowledge:

    Fraud Prevention & Deterrence — tests your understanding of why people commit fraud and ways 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.

    Financial Transactions & Fraud Schemes — tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.

    Investigation — includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.

    Law — ensures your familiarity with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser and expert witness matters.

    The CFE Exam consists of 500 questions divided into four sections.  Each question has a time limit of 75 seconds, and each section contains 125 questions.

  • 5. Maintain the Credential

    CFEs must obtain a minimum of 20 hours of Continuing Professional Education (CPE) every 12-month period and pay annual membership dues to stay current in their profession.
     

    CPE Requirements 

    CFEs must earn 20 hours of CPE per 12-month period. At least 10 of these hours must relate directly to the detection and deterrence of fraud and 2 hours must relate directly to ethics. If a CFE has earned more than 20 hours of CPE in their previous reporting period, they may carry forward up to 10 of these extra hours to meet their current CPE requirements.

    The ACFE accepts ethics training from other organizations provided the primary course topic is ethics or ethics-related. In general, courses that focus on the following topics will meet this requirement:

    • Ethics and Professional Conduct
    • Ethical Practice in Business
    • Personal Ethics
    • Ethical Decision-Making
    • Corporate Ethics

    In addition, courses with a primary topic that falls under one of the requirements of the Certified Fraud Examiners Code of Professional Ethics will be considered to meet this requirement. These categories include, but are not limited to, the following:

    • Professionalism and Diligence in Performance of Duties
    • Conflicts of Interest
    • Integrity and Objectivity
    • Professional Competence
    • Compliance with Legal and Regulatory Requirements
    • Ethical Considerations in Reporting and Testifying
    • Confidentiality
  • COUNTRIES REACHED
  • + CREDENTIALS OBTAINED
  • + QUALIFIED LECTURERS
  • + COURSES PUBLISHED

5 Skills for Fighting Fraud

1.Understand the Business:

Major responsibilities for fraud examiners today include understanding the business side of information technology. They need to work with software and actually write business rules and processes that help in looking for potential fraud types.

For example, take the case of an obstetrician that bills for eight ultrasounds on an average for each patient, when in fact the industry norm is four. Here, the examiner will need to know the healthcare industry and business norms and accordingly set rules on the software to track anomalies and review information that stands out over time to identify a fraud.

2.Leverage Technology:

Examiners need to understand how to follow a data trail, use case tools, review digital evidence and conduct forensic analysis. The main challenge for fraud examiners is getting access to relevant information quickly and keeping up with crime itself. For instance, a client case that involved theft of source code from a source code repository. In investigating this fraud, fraud examiner have to identify how the copy occurred and where the source code was affected. Fraud examiner needs to review all the client's systems by performing forensic imaging and making bit- by-bit copies of the system to actually view both the live files and the deleted files to understand from where the breach occurred.

3.Have a Versatile Work Experience:

Clients in government and private sector looking for individuals that have combated a broad range of fraud cases. They look for in-depth true investigative experience and not simply the oversight of this function and they want people who are hands-on and have worked in different settings and are exposed to handling a range of vulnerabilities and fraud scenarios.

4.Understand Where the Information Resides:

Successful fraud examiners need to possess a strong corporate background and understand the inner workings of a company and the infrastructure of an organization. Because when examiners are looking for evidence, they should know where information resides quickly. Is it on a server, BlackBerry or laptop? This sounds simple, but if we're conducting an investigation, you need to act and think quickly, so you get all your sources of evidence.

5.Possess International Capabilities:

Clients are operating internationally more extensively now, and therefore examiners with international capabilities and work experience - especially in developing countries. Individuals who have an understanding of different privacy laws, security standards and frameworks, in addition to speaking different languages, are a huge plus in the hiring industry.

Outlook & Growth

Careers for accountants and auditors will grow 22 percent—faster than average—through 2018. Forensic accountants will be in high demand because of an increase in employee and management fraud, theft, embezzlement and other financial crimes.

Growth also is fueled by high-visibility corporate scandals, the news after September 11 that terrorists were exploiting the international banking system to transfer money, and advances in technology that have made it easier to detect financial crimes.

What PrimeVest offers?

  • Over 10 years exam prep experience
  • Thousands of successful cases
  • Both online and offline modes of study
  • Hassle free exam application process
  • Quality question bank
  • Customized programs for Chinese students

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