Benefits of a Certified Fraud Examiner Certification

2. Gaining access to greater pay and better work opportunities

Certified Fraud Examiners receive a higher pay package than their peers because they are extremely knowledgeable and talented in researching fraudulent activity and implementing internal controls that prevent an organization from falling victim to fraudulent schemes. According to an ACFE survey, CFE certification holders earn 17% more than non-CFE certification holders. With the critical responsibilities and duties that a fraud examiner has in an organization, obtaining a professional qualification from the Association of Certified Fraud Examiners, the world’s largest anti-fraud organization, demonstrates your expertise to employers and thus gives CFE designation holders access to better job prospects. ACFE members also have access to a job site and a career center, which aid in the placement of Certified Fraud Examiners in forensic accounting and other industries.

As certified fraud examiners have a critical role to play in an organization’s security posture, obtaining certifications from a reputable third party such as ACFE, which specializes in anti-fraud practices and processes, leads organizations to have more faith and trust in CFE certification holders, allowing them to take on more responsibilities. This puts the certified fraud examiner certification holders in a stronger position to negotiate a higher salary and promotions within their organization.

3. Employment that provides a high level of job satisfaction

Certified Fraud Examiners can help deter criminal activity by identifying risks at an early stage and making it more difficult to collect funds by scamming individuals and organizations. They guarantee that their organizations have well-placed internal controls in place to prevent anyone from abusing business resources for their own benefit.

Studies suggest that organizations that use the expertise of CFEs tend to detect fraud 50% faster than those that do not. Certified Fraud Examiners also work with law enforcement to provide legal advice or testimony, and after obtaining other certifications, they may become private investigators. Thus, obtaining the Certified Fraud Examiner certification provides professionals with a high level of satisfaction for the important role they play in the continuous management of their organization and society.

4. Increase your professional credibility and reputation among peers.

Obtaining a CFE course designation from ACFE distinguishes you and gives you a competitive edge over your peers. Candidates can use this certification to demonstrate the breadth of their abilities and experience in the field of fraud examination to peers and colleagues. These increase colleagues’ faith in your professional competence and ability to handle difficult fraud cases, as well as your credibility among peers.

5. Possibilities for networking

ACFE is the world’s largest organization dedicated to combating fraudulent practices. Becoming a member of this organisation (which is mandatory for CFE certification) provides candidates with access to a wide range of information that might be useful in whichever field they work in. This provides networking and work collaboration opportunities with other certified fraud examiner members. Being a part of ACFE gives you exposure to its continuing professional education program, which includes live webinars and in-person events covering the latest trends and best practices in fraud prevention. These events are excellent opportunities to network and interact with other experts in your industry or area, thus expanding your career prospects across the globe.