How Do I Crack the CFE Exam?
- August 12, 2022
- Posted by: Raghav
- Category: Blogs
A CFE course defines the standard of excellence in a professional in the preclusion, decreeing, and investigation of fraudulent incidents. CFE, being a gold standard in the anti-fraud professional world distinguishes a professional with skills that become unique and globally acceptable.
With a reputation for enhancing a professional’s marketability and enhancing job security, the CFE exam becomes the utmost important criterion to gain worldwide recognition. While the CFE course merges the complex dealing of financial transactions, fraud prevention, deterrence, and in-depth knowledge of legal matters, the CFE exam is not an easy nut to crack.
It takes diligence, inherent skills, moral character, and the required educational and professional criterion, to gain the CFE credentials. ACFE makes the necessary training and education available to the aspirants who wish to become a Certified Fraud examiners. The aspirant can refer to these resources and plan a schedule while following the requirements to crack the CFE exam.
- Use the Fraud Examiners Manual
The CFE course manual is an outstanding reference guide for professionals to practice the topics while preparing for the CFE exam. The manual offers complete anti-fraud education, describing the latest fraud examination systems, methods, techniques, and procedures. Moreover, it is easily available for download on the official ACFE page.
- Discussion Forums
ACFE members can visit the discussion conference of the CFE exam, where people post their course and exam-related problems, and concerns and receive feedback from other ACFE members, and experts. An aspirant can also join study groups where people with similar goals discuss the CFE course concepts. This method will help professionals gain better insight into the CFE syllabus and help them achieve good scores in the exam.
- Evaluate Progress with Practice Test
Once you are done with your preparation, it’s time for you to evaluate your learnings, before you appear for the actual examination. For this, it is always advisable to sit for mock tests that will not only give you a clear picture of the real exam but also boost your confidence and make you aware of the areas for improvement.
- Follow the 5 simple steps required by ACFE
While you prepare for the exam using a different strategy, it is important to the ACFE rules and requirements, in order to take the exam. These requirements can be summed up in 5 simple steps:
- Become a member of ACFE, before taking the CFE exam and earning the credentials.
- Prepare for the CFE exam by grasping thorough knowledge in its 4 major areas: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence.
- Identify and adhere to the educational and professional and other eligibility for the CFE exam.
- Apply for the CFE exam with the right documentation
- Take the exam (all sections) within 30 days from receiving the exam key
CFEs must earn at least 20 hours of Continuing Professional Education (CPE) every 12 months, pay annual membership dues, and CFE certification costs and follow the ACFE Code of Professional Ethics and the ACFE Code of Professional Standards.
While, knowing the CFE Exam is the first step to your advancing career journey, understating its format and starting preparation for the exam must be followed immediately. To assist in this journey, Netrika offers the best-in-business certified training professionals with vast experience in the fraud investigation and prevention arena to guide this process and provide expert training.