What is the CFE certification?

What is a CFE Certification?

A CFE certification is widely recognised as the gold standard for preventing the global danger of organisational fraud. This credential focuses on anticipating the activities of fraudsters and allows the fraud examiner to take a proactive approach, limiting the repercussions of fraud. The CFE Certification creates a culture of continuous improvement that identifies, recognises, and responds to fraud risk directing the strategy to root cause analysis. 

A CFE certification credential is offered by ACFE (Association of Certified Fraud Examiners), the world’s largest anti-fraud organisation that equips professionals with skills, knowledge and best practices to combat fraudulent activities. The CFE certificate is a globally acknowledged, respected, and accepted professional excellence standard that provides verifiable proof of anti-fraud expertise.

The CFE certificate not only advances the career of a professional in the anti-fraud domain, but it also contributes to global anti-fraud efforts in safeguarding businesses. A CFE Certificate is the product of extensive training that teaches persons about fraud prevention and deterrence, as well as financial transactions, fraud schemes, investigation, and law.

What is the role of a Certified Fraud Examiner?

A CFE certificate holder is responsible for three important functions: locating evidence of fraud, conducting interviews with witnesses, victims & perpetrators and writing reports, and proactively analysing the fraud risk of an organisation. 

A CFE certification holder investigates and collects evidence of fraudulent activities, including but not limited to financial relationships, and financial data. They commonly work with law enforcement personnel and help businesses organise their efforts to detect and prevent fraud. A certified fraud examiner may create, implement, and maintain fraud detection policies and technologies. 

Key Elements of a CFE Certification

The CFE certification online or offline course incorporates the main subjects of fraud prevention and deterrence, financial transactions & fraud schemes, investigation and legal elements of fraud. Obtaining the CFE certification demonstrates that the professional has a deep understanding of financial transactions, fraud schemes and its related domains. To obtain a CFE certification, an aspirant must meet the following requirements:

1. Educational Qualifications: Aspirants must hold at least a bachelor’s degree from an accredited institution. 
2. Professionals Credentials: An aspirant must have at least two years of professional experience in a fraud-related field, which can include but is not limited to fraud investigation, auditing, accounting or law. 
3. Code of Ethics: To obtain the CFE certification, a professional needs to adhere to the ACFE code of ethics and professional standards which emphasise integrity, confidentiality and objectivity.
4. CFE Exam: Once an aspirant meets the eligibility criterion and has thoroughly prepared for the exam, they can appear for the exam which consists of four sections and need to pass each section. 

Professionals who obtain the CFE certification once, need to maintain their credentials by staying updated on the latest trends, best practices and developments in fraud investigation and deterrence. 

Take a stride towards becoming a Certified Fraud Examiner

Netrika works with ACFE India to provide the CFE certification exam course across industrial verticals with its extensive training packages. We are a world leader in providing customised training packages delivered by subject matter experts with considerable industry expertise.

Our CFE certificate programme gives participants worldwide professional recognition and boosts their employment marketability. Netrika’s instructor-led CFE training course empowers and raises awareness for both professionals and organisations, allowing them to thwart new frauds and reduce the danger of existing ones.