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CFE Courses

Certified Fraud Examiner (CFE)

The CFE credential, accredited by Association of Certified Fraud Examiners (ACFE), USA, is globally recognized as the standard of excellence in the anti-fraud profession. It requires passing a rigorous four-part exam. CFEs possess a unique skill set combining financial transaction knowledge with investigative techniques, legal understanding, and fraud resolution expertise. Their skills include tracing fraudulent transactions, interviewing suspects, writing reports, advising clients, and testifying in court.

Eligibility Requirements

To become a CFE, candidates must:

  • Be an ACFE associate member in good standing.
  • Meet minimum academic and professional requirements.
  • Possess high moral character and agree to abide by the ACFE’s bylaws and Code of Professional Ethics

Certification Process

CFE Certification is a five stage process:

Step 1: Join the ACFE as Associate Member.

Step 2: Prepare for the CFE Exam either by self-study or through Prep Courses.

Step 3: Apply for CFE Exam.

Step 4: Take CFE Exam. This involves 4 Two-hour Sessions for each Section.

Step 5: Upon passing all 4 sections, get your CFE badge.

CFE Exam Structure & Content

📚 Closed-book Exam ⌛ Four 2-hour Sessions for each Section 💯 100 MCQs of 1 Mark Each 🎯 75% Passing Score ❎ No Negative Marks

Section 1 - Financial Transactions and Fraud Schemes

  • Accounting Concepts
  • Financial Statement Fraud
  • Asset Misappropriation: Cash Receipts
  • Asset Misappropriation: Fraudulent Disbursements
  • Asset Misappropriation: Inventory and Other Assets
  • Bribery and Corruption
  • Theft of Data and Intellectual Property
  • Identity Theft
  • Financial Institution Fraud
  • Payment Fraud
  • Insurance Fraud
  • Health Care Fraud
  • Consumer Fraud
  • Computer and Internet Fraud
  • Contract and Procurement Fraud

Section 2 - Law

  • Overview of the Legal System
  • The Law Related to Fraud
  • Bankruptcy (Insolvency) Fraud
  • Securities Fraud
  • Money Laundering
  • Tax Fraud
  • Individual Rights During Examinations
  • The Criminal Justice System
  • The Civil Justice System
  • Basic Principles of Evidence
  • Testifying

Section 3 - Investigation

  • Planning and Conducting A Fraud Examination
  • Analyzing Documents (Collecting Evidence)
  • Interview Theory and Application
  • Interviewing Suspects and Signed Statements
  • Covert Examinations
  • Sources of Information
  • Data Analysis and Reporting Tools
  • Digital Forensics
  • Tracing Illicit Transactions
  • Report Writing

Section 4 - Fraud Prevention and Deterrence

  • Understanding Criminal Behaviour
  • White-Collar Crime
  • Corporate Governance
  • Management’s Fraud Related Responsibilities
  • Auditor’s Fraud Related Responsibilities
  • Fraud Prevention Programs
  • Fraud Risk Assessment
  • Fraud Risk Management
  • Ethics For Fraud Examiners

IIAFE Advantage

CFE Qualified Faculty

Study At Your Own Pace

Concise Study Material

Pratice MCQs

Mock Tests

Live Coaching Sessions

IIAFE CFE Prep Courses

IIAFE provides a range of CFE Prep Courses which help you nail the CFE Exam in first attempt.

Course-1
Beginner

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