Certification Industry: Fraud Examiner
Certificate Name: Certified Fraud Examiner (CFE)
Certificate Issuing Authority: Association of Certified Fraud Examiners (ACFE)
Certification Price: $400 USD
Certificate Validity: Need to be renewed every year
The Certified Fraud Examiner (CFE) credential is recognized and accepted worldwide as the standard of professional excellence. The Association of Certified Fraud Examiners (ACFE) offers this unique certification to excel in the anti-fraud profession.
Who Should Apply?
The CFE credential is highly acknowledged in hiring practices of businesses, government entities and law enforcement agencies. Moreover, the CFEs earn 34% more than their non-certified colleagues. Every candidate should abide by the requirements mentioned below in order to apply for the CFE exam.
Associate member of the ACFE in good standing.
The Point System
In order to be certified, a candidate must have a minimum of two years professional experience and 50 points.
(If a candidate does not have a Bachelor's degree, they may substitute two years of fraud-related professional experience for each year of academic study.)
Professional Experience (2 years)
Candidates lacking two years of professional experience can still take the CFE Exam as long as they have a minimum of 40 total qualifying points.
Be of high moral character.
Agree to abide by the bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners.
The CFE Exam consists of four Sections.
Financial Transactions and Fraud schemes
Fraud Prevention and Deference
Number of Questions: 125 questions per Section (Total: 500)
Exam Time: 2 hours 5 minutes per section (Total: 8 hours)
Passing Percentage: 75%
For more details about the CFE exam, log on to Association of Certified Fraud Examiners - Details of the CFE Exam.
Time Taken To Prepare For The CFE Exam
A candidate has 30 days to complete all four sections of the CFE Exam. In order to pass the CFE Exam in 30 days, a candidate needs to study 15 hours a week.
For more details, log on to How to Become a Certified Fraud Examiner | Qualifications.