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How many times can I take the exam for fraud examiner certification?
- December 29, 2023
- Posted by: firstname.lastname@example.org
- Category: Blogs
A Certified Fraud Examiner (CFE) is a recognised expert in the prevention, detection, and deterrence of fraud in the anti-fraud community. Offered by the Association of Certified Fraud Examiners (ACFE), this credential holds CFEs to the highest standards. Each exam to obtain the CFE certification is conducted through a Prometric system, where each section is treated as a separate exam and must be scheduled as a separate appointment. A candidate can take all four sections in person at an examination centre, remotely, or by combining the two methods. From the moment a candidate their application, it is valid for two years. However, if you have not completed the CFE Exam after two years, your application will be cancelled, and you will need to submit a new application, application fee, and supporting papers.
The application price for the CFE Exam includes one remote proctoring attempt for each exam section. You will be charged an additional fee for each exam segment if you choose to take your examinations at a testing centre. The same is true for retakes: the ACFE’s retake fee covers the cost of a remote proctored session, but there is an extra charge if a testing centre is employed.
Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence are the four areas of the CFE Exam. Each section of the CFE Exam will take you two hours to complete. Even though the overall exam time is almost eight hours, you are not expected to complete all four portions in one sitting. You may take each portion of the exam at your convenience, as long as you complete all sections within 60 days. Adding to this, every 12 months, CFEs must obtain at least 20 Continuing Professional Education (CPE) credits, pay annual membership dues, and observe the ACFE Code of Professional Ethics and the ACFE Code of Professional Standards.