Are you ready for the next step in your career? Do you want to become a Certified Fraud Examiner (CFE)? Are you unsure where to begin your preparations? We have the answer for you. A professional certification can increase your employability and demonstrate your ability. This exam requires you to prepare and study well.
Before you begin your preparation, it is important to understand the format and details of the exam. This makes it even more important to review the exam details. Let’s get into the exam details!
What is the Certified Fraud Examiner Exam (CFE)?
The Association of Certified Fraud Examiners is responsible for the CFEclassification. The Association of Certified Fraud Examiners (ACFE) issues the CFEclassification.
First, Accounting and Auditing
Secondly, sociology and criminology (sociology is only acceptable if it concerns fraud).
Third, Fraud investigation
Also, loss prevention (experience as security guards or equivalents is not acceptable).
Then, Law relating fraud
Final note: Other experiences may be eligible, but must still be evaluated for their applicability.
Code of Ethics for CFE
The code of ethics states that a Certified Fraud Examiner must (CFE).
Demonstrate professionalism and diligence in the performance of his/her duties.
We have no interest in any illegal, unethical or conflict of interest behavior.
You must be honest in all aspects of professional assignments. Assignments that are reasonable will not be completed without professional competence will not be given.
Respecting the lawful management of courts and claiming to matters truthfully, without preference or prejudice
To establish a reasonable basis for an opinion, you will need to obtain additional documentation or evidence.
Without proper authorization, do not divulge any private information.
Identify all relevant material elements that were identified during an examination.
They strive to improve the quality and effectiveness of professional services they provide.
CFE Exam Requirements
To sit for the exam, you must meet the following eligibility criteria
Candidates for CFE certification must first have a minimum of an undergraduate degree or equivalent from a higher education institution. They must have at least two years of experience in fraud related work that can be substituted for each academic year.
They must also have at least two years’ experience in a field directly or indirectly related with the detection or prevention of fraud at certification.
Use the Study Guide to prepare for the CFE exam!
CFE Exam Format
Exam format is a guideline for you to follow.
First, the Certified Fraud Examiner (CFE), exam can be taken online. The exam is divided into four sections.
The CFE exam is secondarily a closed book and closed-notes exam. It consists of 500 questions.
CFE exam questions can be found in multiple choice and multi-response formats. Use the elimination method to answer the questions. Find the wrong answer and eliminate it. Voila! You now have the right answer.
The candidate can also take the CFE Exam at any convenient time.
To ensure honesty, the exam has several controls. This means that no two exams will be exactly the same because each exam is generated from a master data base.
Candidats must achieve 75% to pass. You must maintain accuracy and speed.
Also, the CFE