How to become a certified fraud examiner?
Earning the certified fraud examiner (CFE) certification can take your career to next level in accounting.
In this blog, we will explore CFE certification, Certified fraud examiner salary, CFE qualifications and exam requirements in detail. It is a known fact that preparing for the Certified Fraud Examiner (CFE) examination is a tedious task.
However, online learning platforms are proven to be the best professional alternatives and emerged as a top choice in the to earn CFE certification. ecadema is one leading platform where you can book sessions with certified CFE trainers who can help you to earn a CFE badge.
About CFE
CFE certification is a professional qualification offered to fraud examiners, where they learn to discover and prevent fraudulent activity. This certification is awarded by the world’s leading anti-fraud organization, The Association of Certified Fraud Examiners (ACFE).
Getting a CFE certification signifies expertise and knowledge in the accounting field, which opens up specialized accounting career opportunities. Accounting professionals interested in obtaining CFE certification must require to meet the education and work experience requirements.
Continue reading to learn more about the CFE exam certification and its benefits.
The CFE exam enables one to step up the ladder when it comes to advancing one’s career opportunities and progress. Therefore, it is recommended that seek an online CFE trainer to clear the Certified Fraud Examiner course. Pass the ACFA-approved CFE exam — the gold standard certification of excellence in the anti-fraud profession worldwide, with online trainers of ecadema.
What is the Certified Fraud Examiner (CFE) Exam?
The Certified Fraud Examiner (CFE) is a credential awarded by the widely acclaimed anti-fraud agency, Association of Certified Fraud Examiners (ACFE). Additionally, it provides anti-fraud training and education to reduce business fraud and inspire professionals to work with more integrity and objectivity.
Moreover, CFE training includes complex financial transactions, understanding forensic methods, law, and how to resolve allegations of fraud. Additionally, fraud examiners are also taught and well-trained about how and why fraud occurs.
CFE Exam Requirements
Since the Certified Fraud Examiner (CFE) credential is recognized by numerous leading organizations worldwide, you need to have a few things beforehand, which are:
Academic requirements
Generally, applicants are required to have a minimum of a bachelor’s degree, or equivalent with two years of professional experience related to fraud. Experience can be substituted for each year of college.
Professional requirements
At the time of certification, at least two years of professional experience in a field is necessary where detection or deterrence of fraud is required.
The ACFE recognizes the following areas as qualified professional experience –
- Accounting and auditing
- Criminology and sociology, related to fraud
- Fraud investigation
- Loss Prevention
How difficult is the Certified Fraud Examiner test?
No exam is difficult if you have access to a certified trainer, who can make you practice with the appropriate material. Hiring an online certified CFE trainer can help you prepare, strategize and crack your CFE exam.
This examination contains MCQ-type of questions that include four components listed below:
- Examining and Investigating Fraud
Questions of this segment are related to why individuals commit fraud and how to prevent it in the test.
- Criminal Justice and Ethics
This section covers questions about gathering information from documents, conducting interviews, tracking illicit activities, preparing reports etc.
- Financial Transactions and Fraud Schemes
Questions in this segment are put in to assess your understanding of the various fraudulent financial transactions to deter fraud in accounting records.
- Legal Aspects of Fraud
This segment involves questions that can arise from your acquaintance with many legal repercussions of performing fraud examinations, including criminal and civil law.
Why Get CFE Certification?
Are you an auditor, CPA, investigator, security professional, risk and loss management professional, legal compliance and fraud officer? Or are you related to any profession which makes you deal with fraud? Then you are eligible to take up the CFE exam and become certified as a Fraud Examiner (CFE)
- Certified fraud examiner salary is high
Accounting professionals can secure promotions and earn higher salaries, after CFE certification. The ACFE believes that certified fraud examiners earn 34% more than their counterparts who don’t hold CFE certification.
- Preferred Status
Certified fraud examiner certification has a clear edge over uncertified professionals. CFE certification is a credential that may factor into many employers’ hiring and promotion policies, besides speeding up the hiring process.
- Meaningful Work
Certified fraud examiners can improve an organization’s financial health by collaborating with law enforcement and may provide legal testimony.
How Can You Prepare for the CFE Exam?
Join the online learning platform ecadema for CFE exam prep, as it can help prepare candidates to pass the CFE exam in fewer attempts with the assistance of certified trainers.
Final Words
Become CFE certified with authorized trainers from ecadema.
ecadema an interactive online learning platform, where you can hire online CFE trainers in your regional language.
