CFE exam prep course

CFE exam prep course in India

Certified Fraud Examiner (CFE) certification is consistently scaling in the drive to be one of the most preferred professionals with relevant fraud backgrounds. Therefore, preparing well for the CFE exam must be on priority for those aspiring to gain the certification.

The CFE exam prep course streamlines your study patterns, helps you use time more efficiently, and lets you focus on areas that need more attention.

This article will focus on the aspects of the CFE exam, its eligibility, scope, and tips to prepare.

How do I become a certified fraud examiner in India?

To become a certified fraud examiner in India, a candidate must meet the following criterion:

  • Must be an ACFE associate member in good standing professionally with good moral character.
  • Must have a bachelor’s degree or equivalent.
  • Must have a minimum of 2 years of professional experience in relevant fields such as auditing, accounting, criminology, fraud investigation, loss prevention, legal expertise, or law enforcement. If the aspirant’s professional experience does not fall in the aforesaid categories but handles responsibilities relevant to fraud detection, investigation, and deterrence, then their experience would be indirectly qualified as fraud-related.
  • Must agree to abide by the Code of Professional Ethics by the Association of Certified Fraud Examiners (ACFE).

What are the eligibility criteria to appear as a Certified Fraud Examiner?

Aspirants looking to obtain the certified fraud examiner certification, have to meet the following eligibility criterion:

  • Must be an ACFE associate member in good standing professionally with good moral character.
  • Must have a bachelor’s degree or equivalent
  • Must have a minimum of 2 years of professional experience in relevant fields such as auditing, accounting, criminology, fraud investigation, loss prevention, legal expertise, or law enforcement. If the aspirant’s professional experience does not fall in the aforesaid categories but handles responsibilities relevant to fraud detection, investigation, and deterrence, then their experience would be indirectly qualified as fraud-related.
  • Should agree to abide by the Code of Professional Ethics laid down by the Association of Certified Fraud Examiners.

5 Tips to Help You Pass the CFE Exam

  1. Read the detailed explanation

When preparing for the CFE course, you must go through the detailed explanation that skims parts. The fraud examiner’s manual from ACFE clears all your doubts and assists your CFE certification journey when studied thoroughly.

  1. Take time to soak in all the information

While some concepts of the CFE course can turn complex for even the best, it is recommended not to juggle your way with modules, instead, take your time in grasping all the information.

  1. Break down the complex sections

The CFE exam has multiple choice and true/false questions. So, break down your preparation and actual exam strategy by picking the details that fit the exam pattern.

  1. Study intensively with strategies

Keep your study plan consistent, however, your schedule allows. Most importantly, remember that accuracy is as important as speed, so amalgamate both for a strategic CFE exam prep.

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CFE FAQs

Q: What is the scope of a certified fraud examiner in India?

A certified fraud examiner denotes proven experience in fraud detection, prevention and deterrence. Its scope extends to the investigation of fraudulent activities and gaining professional visibility and credibility in the following career verticals:

  • Fraud Investigation Officers and Analysts
  • Auditing (Internal & External)
  • Economic offences wing
  • Forensic and cyber-forensics services in the public and private sector
  • Compliance Officer
  • Certified Public Accountant
  • Grievance Investigator
  • Business Analyst

Q: How long does it take to complete CFE?

Usually, it might take CFE aspirants around 3-6 months to prepare and appear for the CFE examination. With the CFE review course, participants will be given a rigorous 4-weeks preparation period with mock tests and interactive learning sessions for each module. They are advised to take the exam can be by end of each session.

Q:How hard is the CFE exam?

CFE examination is not as difficult as assumed, if you prepare well in advance, work hard with the training and practice with the right material. To prepare for the examination, you need to have a study guide and carefully choose the study modules. If you have everything in place, the exam is not difficult to crack.Experts’ right resources and training would help you prepare well and strategize better for the examination.

Q: Is CFE a good certification?

CFE is one of the most popular and in-demand courses across the globe that offers insights into varied avenues such as fraud investigation, accounting, auditing, fraud prevention and deterrence. It boosts one’s career opportunities, develops the career graph, increases marketability, job security, safety, offers market visibility, credibility and distinguishes one from the peers. Becoming a CFE makes you a valuable addition to the company.

Q: How many questions are on the CFE?

The CFE Exam comprises a total of 400 questions divided into sections of sections, each section constituting 100 questions.

The four sections are:

  • Financial Transactions & Fraud Schemes
  • Law
  • Investigation
  • Fraud Prevention & Deterrence

Candidates get 2 hours to complete each section of the exam with an optimal five-minute break between each section. Candidates get a window of 60 days to complete the examination.