How do you become a certified fraud examiner?

2 Why become a CFE?

Becoming a CFE can enhance your career prospects and earning potential in the anti-fraud field. According to the ACFE, CFEs earn 34% more than their non-certified peers. CFEs also have access to a network of more than 85,000 members in over 160 countries, as well as resources, training, and events provided by the ACFE. Additionally, CFEs can contribute to the public good by helping to prevent and combat fraud, which costs the global economy trillions of dollars every year.

3 How to become a CFE?

To become a Certified Fraud Examiner (CFE), you must be an associate member of the Association of Certified Fraud Examiners (ACFE) in good standing, hold a bachelor's degree or equivalent from an accredited institution, and have two years of professional experience in fraud prevention, detection, or investigation. Additionally, you must adhere to the ACFE's Code of Professional Ethics and Standards of Professional Conduct. After meeting these criteria, you can apply for the CFE exam, which is composed of four sections: Fraud Prevention and Deterrence, Financial Transactions and Fraud Schemes, Investigation, and Law. To prepare for the exam, you can use the CFE Exam Prep Course or join a local ACFE chapter and participate in study groups or mentoring programs. You have one year from the date of your application to pass the exam and obtain certification.

4 How to maintain your CFE credential?

After you become a CFE, you need to maintain your credential by completing 20 hours of continuing professional education (CPE) every year, including two hours of ethics training. You also need to pay an annual membership fee and comply with the ACFE policies and rules. You can earn CPE credits by attending webinars, conferences, seminars, or courses offered by the ACFE or other approved providers. You can also earn CPE credits by writing articles, books, or blogs on anti-fraud topics, or by volunteering for the ACFE or other anti-fraud organizations.