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How can you pass the cfe exam
- June 21, 2023
- Posted by: marketing@netrika.com
- Category: Blogs
CFE Exam Preparation
A Certified Fraud Examiner (CFE) is a professional in the field of anti-fraud. He/she is well-known for his/her expertise in the prevention, deterrence, and investigation of fraudulent practises. CFEs have abilities that no other expert in the anti-fraud community can match. They combine sophisticated accounting affairs with in-depth understanding of legal issues, investigative expertise, and how to identify and prevent fraud. CFEs all across the world work to protect the global economy by finding fraud and putting mechanisms in place to prevent it from happening in the first place.
How to pass the CFE Exam?
Before you may earn a CFE certificate, you must take and pass a CFE examination. You can take the Certified Fraud Examiner Exam online at your leisure using a computer and can study from the resource library of ACFE or CFE question bank with a multitude of questions and answers to help you prepare for all four CFE modules thoroughly. ACFE provides the training and knowledge required for an individual to become a Certified Fraud Examiner
To be eligible to take and pass the CFE Exam, you must meet the following requirements:
- Become a member of the Association of Certified Fraud Examiners: Join the ACFE and obtain the relevant Certified Fraud Examiner exam application form.
- Prepare for the Certified Fraud Examiner Exam by using the tools provided on the ACFE website. You can also take the CFE Exam Review course, which is a four-day instructor-led programme that covers all you need to know to pass the exam and become a recognised CFE. You can learn and revise on your own by obtaining the Fraud Examiners document, a 2,000-page document that explains the procedures and processes of the examination. This guide offers recommendations for CFE exam questions and answers.
- Applying for the Certified Fraud Examiner Exam: To take the exam, you must complete the CFE Exam application form online at the ACFE’s website. The online application for the Certified Fraud Examiner exam is divided into four sections: qualifications, experience and character, signature statement, and payment.
- You must also submit supporting documentation to the certification portal on ACFE’s website. Your photo, evidence of education, credentials of experience, and professional recommendations are among the supporting documents. Once this application is finished, it will be reviewed within 3-5 working days and you will be contacted by email.
- You Must Pass the CFE Exam: Before you may be awarded a certificate, you must pass the examination. The examination is broken into four components based on anti-fraud practises. The exam will be assessed by the ACFE’s competent authorities as soon as you pass it. After being accepted, you will be a fully certified Certified Fraud Examiner.
- Format of the CFE Examination: The ‘Multi-Choice Format’ or ‘Multiple-Choice Question Format’ and the ‘True/False Question Format’ are the general formats for the questions on the CFE Exam. CFE Exam participants must select the correct answer from four options labelled a, b, c, and d in the Multi-Choice Question Format. In the True/False Question Format, CFE Exam applicants must select ‘True’ if the statement is correct or ‘False’ if the statement is incorrect. You will only be able to see one question at a time on the screen during the CFE exam, though there will be a provision on the screen to go to the next question if you so wish. You have the option of answering the questions chronologically, that is, in the order they are displayed, or randomly as you go. The number of questions you attempted and the number of questions left unanswered will be displayed on the screen. You choose one of the finest answers by typing the letter or using your mouse to select one of the possibilities. Each question can only have one answer.
- Taking the CFE Exam: Your knowledge of the CFE course will be examined in four major sections. Each segment contains a total of one hundred questions, with a time limit of 75 seconds for each question to be answered. You must complete and submit all sections for grading within thirty days of inserting your exam activation key. Once you begin the exam, you must finish each section. You are not required to complete all of the questions from the four sections in a single session. It is best to take one section at a time. You must pass each section of the Certified CFE Exam in three attempts.
Netrika partners with the ACFE to develop certified fraud examiners for a risk-free workplace
Netrika in collaboration with ACFE, the global leader in anti-fraud training, offers a specialised training programme that includes substantial industry exposure. Our CFE certificate programme provides verified proof of expertise and experience, demonstrating a high level of skill, knowledge, and professionalism.
Netrika empowers and raises awareness for both professionals and organisations through an expert and experienced instructor-led CFE training session. It aids your anti-fraud professional path in preventing potential fraud and reducing risks in organisations.
FAQ (Frequently Asked Questions)
What is cfe full form?
A Certified Fraud Examiner (CFE) is a professional certification available to fraud examiners.
Who is eligible for CFE?
The Eligibility Points System
Many CFE credential applicants have a minimum of a bachelor's degree (or equivalent) from an institution of higher learning, earning 40 qualifying points. No specific field of study is required.
Is CFE recognized in India?
Yes, the CFE credential is recognized and accepted worldwide as the standard of professional excellence.
How valuable is CFE certification?
Certified Fraud Examiners (CFEs) possess unique expertise in preventing and detecting fraud, and are highly valued by organizations spanning all industries, sectors and sizes. CFE has emerged as the gold standard in the area of fraud.