Certified Fraud Examiner

Become a Certified Fraud Examiner (CFE)

Distinguish yourself.

The Certified Fraud Examiner (CFE) credential is the premier certification for anti-fraud professionals around the world.  The exam is offered only by the Association of Certified Fraud Examiners (ACFE).

Upon passing this exam, you will earn the coveted title of Certified Fraud Examiner (CFE).  CFEs have a unique skill set 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 of how to resolve allegations of fraud.  Fraud Examiners are trained to understand not only how fraud occurs, but also why.
Watch a short ACFE video about the Certified Fraud Examiner.

Why Become a CFE?

The ACFE’s 2008 Compensation Guide for Anti-Fraud Professionals shows that CFEs earn 22% more than non-CFEs in similar positions.

The 2007 Salary Guide from Robert Half International lists the CFE as one the credentials most sought after by employers.  In fact, the FBI, U.S. Department of Defense, U.S. Government Accountability Office, the Postal Inspection Service, and the Integrated Market Enforcement Team (IMET) branch of the Royal Canadian Mounted Police officially recognize the CFE designation for their fraud investigators.

What do CFEs do?

In the wake of far-reaching corporate scandals, and sweeping legislation like the Sarbanes-Oxley act, there is a growing demand for individuals with fraud examination skills who can help organizations in fraud detection and deterrence. Certified Fraud Examiners perform a variety of services in many different industries throughout all sectors of an organization. They are part accountant, part investigator, part attorney, and part criminologist.

Sample CFE Job Titles:

  • :: External Auditor
  • :: Internal Auditor
  • :: Forensic Accountant
  • :: Audit Specialist
  • :: Information Systems Auditor
  • :: Audit Consultant
  • :: Management Consultant
  • :: Technical Specialist
  • :: Financial Analyst
  • :: Financial Specialist
  • :: Special Agent
  • :: Security Consultant
  • :: Director of Loss Prevention
  • :: Fraud Analyst
  • :: Fraud Investigator
  • :: Risk Manager
  • :: Tax Manager
  • :: Bankruptcy Analyst
  • :: Compliance Officer
  • :: Legal Investigator
  • :: Private Investigator
 

The CFE Exam – What to Expect

To become a CFE, you must pass a rigorous examination administered by the Association of Certified Fraud Examiners (ACFE), meet specific education and professional requirements, exemplify the highest moral and ethical standards, and agree to abide by the CFE Code of Professional Ethics. The CFE Exam is a Windows-based application in CD-ROM format. The exam has a number of sophisticated controls to ensure integrity and each exam is generated from a master database.  No two tests are alike. It will take approximately of 10 hours to complete the CFE Exam. The examination consists of 500 questions divided into four sections:

  • ::  Fraud Examination and Investigation
  • ::  Criminology and Ethics
  • ::  Financial Transactions
  • ::  Legal Elements of Fraud

Each section is allocated a maximum of 2.6 hours to complete.  Each question has a time limit of 75 seconds, and each section contains 125 questions.

How do I get ready to take the CFE exam?

The Utica College and Online Masters in Economic Crime Management will prepare you to sit for the CFE exam. For more information about the Economic Crime and Fraud Management MBA online, please call toll-free (866) 295-3106 and speak with a Program Manager.  For more information about becoming a CFE or the required exam, please visit the ACFE website.

The Utica College Online Bachelors in Economic Crime Investigation will prepare you to sit for the CFE exam. For more information, Request More Information or call toll-free (866) 295-3106 and speak with a Program Manager. For more information about becoming a CFE or the required exam, please visit the ACFE website