Certified Fraud Examiner (CFE)

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About the course

Certified Fraud Examiner (CFE) Credential is recognized by numerous leading organisations all over the world

Certified Fraud Examiners (CFEs) have a unique set of skills that is not found in any other career field or discipline. They combine knowledge of complex financial transactions with an understanding of methods, law, and how to resolve allegations of fraud. Fraud examiners are also trained to understand not only how fraud occurs, but also why. Being a CFE denotes proven expertise in fraud prevention, detection, deterrence, and investigation. With the CFE credential, you will experience career growth and you can quickly position yourself as a leader in the global anti-fraud community.

The Certified Fraud Examiner (CFE) credential is recognized in the hiring and promotion policies of numerous leading organizations all over the world. Nearly 90% of Fortune 500 companies employ at least one CFE. Did you know that CFEs earn 34% more than their non-certified colleagues?

Benefits of attending this CFE training

The benefits of attending this 5-day CFE training are:

  • You can take the official online CFE exam sections at the end of each training day. You can be certified as a CFE within 5 days! (Of course you also have the possibility to take the CFE exam after this training)
  • You receive one free resit of one exam section of your choice (if necessary)
  • You receive additional and exclusive training materials provided by the trainers and ACFE
  • The number of participants is strictly limited to give you all the attention you need
  • The success rate of passing the CFE exam with this CFE training is 95%!

All former delegates are (extremely) satisfied with this CFE training and 100% of the delegates would definitely recommend the training to colleagues.

ACFE - the world's largest anti-fraud organisation enefits of attending this CFE training

ACFE (Association of Certified Fraud Examiners) is the world's largest anti-fraud organization and premier provider of anti-fraud trainings and education. Together with more than 90,000 members in 160 countries and chapters in 125 countries, ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.

  • IMF Academy is the only ACFE accredited training organisation and the exclusive provider of CFE (exam) trainings in The Netherlands, Belgium, and Luxembourg. We deliver CFE in-company trainings all over the world!

About the CFE exam sections

Master the skills and knowledge you need to pass the CFE exam by attending this official Certified Fraud Examiner (CFE) training and become a CFE now! The CFE exam tests your knowledge of the 4 major areas that comprise the fraud examination Body of Knowledge:

I:    Investigation
II:   Law
III:  Financial Transactions & Fraud Schemes
IV:  Fraud Prevention & Deterrence

About the CFE exam

To earn the Certified Fraud Examiner (CFE) credential, you are required to pass the CFE exam. ACFE is the exclusive owner of all CFE exam sections. The CFE exams are online and physically administered by Prometric.

  • The CFE exam is a computer-based, multiple-choice, closed book, and closed-notes exam consisting of 4 exam sections
  • The exam contains 400 questions in total
  • Each exam section has 100 multiple choice and true/false questions
  • Each exam section will take 2 hours of your time
  • You must score at least 75% correct on each exam section in order to pass
  • The exam has a number of controls to ensure integrity
  • The exam can be taken during the training week or at a later time convenient to you

CFE target group

Are you interested in taking your career to the next level by earning the gold standard of professional excellence in the anti-fraud profession? Are you an (internal) auditor, CPA, investigator, national state and law enforcement officer, prosecutor, security professional, risk and loss management professional, lawyer, accountant, controller, compliance and fraud officer or any other professional dealing with fraud? Then this is your chance to follow a qualified training and become certified as a Fraud Examiner (CFE) within 5 days.

Are you eligible to be CFE Certified

Your eligibility to become CFE certified is based upon a point system which awards credits for education and experience. The admission requirements are:

  • Minimum of a Bachelor's degree (or equivalent)
  • Minimum of 2 years of relevant professional experience, such as accountancy, auditing, criminology, investigation, loss prevention, law enforcement or legal experience related to fraud
  • A minimum of 50 qualification points

If you do not yet qualify to earn the CFE title, but you have a minimum of 40 points in the eligibility CFE point system, you can take the training and exam and become officially certified once you have gained sufficient relevant professional experience.

The CFE exam qualifying point system

  • 5 qualifying points for each full year of fraud-related experience
  • 40 points for a Bachelor's degree or equivalent (or, 10 points for each year of college if you have no degree)
  • 5 points for a Master's degree or equivalent
  • 10 points for a Ph.D., J.D., or equivalent
  • 10 points for every professional certificate (with a maximum of 40 points)

How to maintain your CFE credential?

To maintain your CFE credential, you are required to earn at least 20 Continuing Professional Education (CPE) hours every 12-month period. At least 10 hours must directly relate to the detection and deterrence of fraud and 2 hours to ethics. If you have earned more than 20 CPE hours in your previous reporting period, you may rollover up to 10 hours to meet your current CPE requirements. 

For your recertification you can join the Fraud Risk Management training (16 CPE credits incl. 2 Ethics credits) and the training Conducting Internal Investigations (16 CPE credits). In addition to completing the annual CPE requirements, you must pay an annual membership fee in order to remain a member of ACFE and retain the CFE credential. If your membership expires, you are not allowed to use the CFE credential anymore.

Receive all the knowledge and tools to pass the CFE exam successfully

When attending this 5-day official Certified Fraud Examiner (CFE) training you will receive the following:

  • 1-year free Associate ACFE membership. As an associate member of ACFE you gain access to timely and practical information including Fraud Magazine, monthly member newsletters, free quarterly webinars, videos, tools, and resources to support your anti-fraud efforts
  • CFE exam preparation course software with study questions and practice exams. Review of important concepts, covered at the CFE exam, with more than 1,400 study questions and simulation of the CFE exam environment with timed practice exams
  • Fraud Examiners Manual. The Fraud Examiners Manual is an over 2,000-page guide and is your essential resource as an anti-fraud professional. The Fraud Examiners Manual is the definitive body of knowledge for the anti-fraud profession, providing comprehensive guidance for anti-fraud professionals that no other publication can match. The guide explores examination techniques and procedures and gives you a detailed explanation of the answer to each study question
  • Exclusive training materials prepared by the trainers and tailored to the exam
  • The CFE exam consisting of 4 exam sections plus 1 free resit of an exam section of your choice
  • Five full days of face-to-face or live online training facilitated by authorised CFE Exam Review Course trainers with plenty of time for discussions and personal attention
  • Exclusive access to the 'CFE Exam Prep Flashcard App'. This app allows you to familiarize yourself with the terminology and concepts covered in the CFE exam and consists of hundreds of flashcards that complement the CFE exam preparation course software. The app is available for Android and iOS versions

Level of training
The Certified Fraud Examiner (CFE) training is held on a bachelor level.

Content

In a recent job analysis study, ACFE assessed the current and expected future knowledge, skills, and abilities needed to show full proficiency as a Certified Fraud Examiner (CFE). The results of this study were used to create a fully updated content outline for the CFE training and exam, with an additional focus on emerging schemes and trends, as well as the use of technology by both fraud perpetrators and fraud examiners.

This 5-day Certified Fraud Examiner (CFE) training will help you master the following 4 concepts, related to the CFE exam:

I. Investigation
The investigation part of the training covers the following domains:

  • Domain 1    :    Planning and conducting a fraud examination
  • Domain 2    :    Collecting evidence
  • Domain 3    :    Interview theory and application
  • Domain 4    :    Interviewing suspects and signed statements
  • Domain 5    :    Covert operations
  • Domain 6    :    Sources of information
  • Domain 7    :    Data analysis and reporting tools
  • Domain 8    :    Digital forensics
  • Domain 9    :    Tracing illicit transactions
  • Domain 10  :    Report writing

II. 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 following domains will be addressed:

  • Domain 1    :    Overview of the legal system
  • Domain 2    :    The law related to fraud
  • Domain 3    :    Bankruptcy fraud
  • Domain 4    :    Securities fraud
  • Domain 5.   :    Money laundering
  • Domain 6    :    Tax fraud
  • Domain 7    :    Individual rights during examinations
  • Domain 8    :    The criminal justice system
  • Domain 9    :    The civil justice system
  • Domain 10  :    Basic principles of evidence
  • Domain 11  :    Testifying

III. Financial Transactions & Fraud Schemes
This part of the exam tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass the section Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts:

  • Domain 1    :    Accounting concepts
  • Domain 2    :    Financial statement fraud
  • Domain 3    :    Asset misappropriation: cash receipts
  • Domain 4    :    Asset misappropriation: fraudulent disbursements
  • Domain 5    :    Asset misappropriation: inventory and other assets
  • Domain 6    :    Corruption
  • Domain 7    :    Theft of data and intellectual property
  • Domain 8    :    Identity theft
  • Domain 9    :    Financial institution fraud
  • Domain 10  :    Payment fraud
  • Domain 11  :    Insurance fraud
  • Domain 12  :    Health care fraud
  • Domain 13  :    Consumer fraud
  • Domain 14  :    Cyber fraud
  • Domain 15  :    Contract and procurement fraud

IV. Fraud Prevention & Deterrence
Tests your understanding of why people commit fraud and ways to prevent it. Topics covered in this section include:

  • Domain 1    :    Understanding criminal behavior
  • Domain 2    :    White-collar crime
  • Domain 3    :    Corporate governance
  • Domain 4    :    Management's fraud-related responsibilities
  • Domain 5    :    Auditors' fraud-related responsibilities
  • Domain 6    :    Fraud prevention programs
  • Domain 7    :    Fraud risk assessment
  • Domain 8    :    Fraud risk management
  • Domain 9    :    Ethics for fraud examiners

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Start date Location / delivery
23 Sep 2024 Amsterdam and Live Online Book now
18 Nov 2024 Amsterdam and Live Online Book now
18 Nov 2024 Amsterdam and Live online Book now

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