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Increase your revenue

CFEs earn 31% more than their colleagues who are not certified according to the 2017/2018 Remuneration Guide for anti-fraud professionals. There are many institutions in Kenya that employ certified fraud examiners and actually pay CFEs between 150,000 and 300,000 kes per month. Confirmed and experienced fraud examiners earn more than 700,000 kes per month.

The question here is not whether a CFE certification will get a job, but rather which organization will pay you best. As soon as you finish the course, you will receive several offers from many potential employers; because it is a very popular course. If you want to enter the field of forensic medicine and high level auditing and investigations, the CFE is the course to pursue

How to Prepare For ACFE CFE Certification Exam

Preparation Guide for ACFE CFE Certification Exam

ACFE CFE Certification: Tips to survive if you don't have time to read all the page

A certified fraud examiner (CFE) is an authority in the professional anti-fraud world. He stands out as a professional in the prevention, deterrence, and investigation of fraudulent practices. CFEs have skills that no other professional in the anti-fraud community can boast of. They combine complex accounting operations with a thorough understanding of legal issues, investigative skills and how to further discourage and prevent fraud. Therefore, these are the main criteria used by ACFE. ACFE provides the training and education necessary for an individual to become a certified fraud examiner.

The aim of these training courses and exams is to provide the CFE with the initial skills to detect signs of fraud, defend the global economy by discovering fraudulent practices and devise methods to avoid fraud. No organization in the world, regardless of its size, is safe from fraudulent practices. These workplace frauds are universal and destructive in nature.

According to a study conducted by the Report to Nations in 2016, small organizations tend to suffer extremely high losses compared to large organizations because they employ fewer anti-fraud professionals, which makes them vulnerable to the risks of fraud. Indeed, it is estimated that around 5% of the revenue lost due to fraud per year is due to fraud and work-related abuse.

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Introduction to ACFE CFE Certification Exam

The accounting profession requires workers to become students throughout their lives, keeping up to date with the latest laws and regulations governing their field. For this reason, many accountants specialize in a sub-area, such as fraud. Fraud costs companies billions of dollars every year, and as criminals get smarter, companies must do it too. To prevent and detect fraud, companies turn to industry experts called Certified Fraud Examiners (CFE).

In the late 1980s, the Association of Certified Fraud Examiners (ACFE) launched the CFE certification. Since then, fraud examiners around the world have obtained this certification to learn about the best fraud prevention practices and advance their careers. CFEs have specialist accounting skills and a deep understanding of how criminals attempt to defraud businesses.

This article explains what a CFE is and how to become a certified fraud examiner. At the end of the article, you can read an interview with a practicing CFE.

How much ACFE CFE Certification Exam cost

The price of ACFE CFE exam is 400 USD.

Reference: http://www.acfe.com/details-of-exam.aspx

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ACFE CFE Exam Syllabus Topics:

SectionObjectives
Topic 1: Investigation- Evidence collection and preservation
- Data analysis in investigations
- Interviewing techniques
Topic 2: Financial Transactions and Fraud Schemes- Corruption schemes
- Accounting and financial statement fraud
- Asset misappropriation schemes
Topic 3: Law- Rules of evidence and procedure
- Criminal law fundamentals
- Legal elements of fraud
Topic 4: Fraud Prevention and Deterrence- Fraud risk assessment
- Internal controls
- Fraud prevention frameworks

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