How to Earn Your CFE Credential
- April 13, 2022
- Posted by: Raghav
- Category: Blogs
How to Earn Your CFE Credential
A Certified Fraud Examiner (CFE) is a revered professional who adds value to the organization and creates a proactive approach to averting frauds. CFEs are trained professionals who possess a distinct set of skills that are diverse in detecting, investigating, and preventing frauds. Certified fraud professionals are known worldwide to safeguard businesses from the devastating impact of forces that feed on vulnerability.
While a certified fraud examiner contributes a significant value to the businesses, their skills advance their career landscape with global exposure and a competitive edge. However, earning a CFE credential requires a professional to meet the criterion laid out by ACFE (Association of Certified Fraud Examiners).
The certification by ACFE provides access to world-class resources and anti-fraud training. This enables an aspirant to build expertise and stay informed on the best practices and latest trends. Moreover, a lucrative career is what stands ahead of a certified fraud examiner, upon obtaining the credentials.
Let us walk you through a step-by-step guide to obtaining a CFE certificate:
Step 1: Become an ACFE member
To obtain your CFE credential, you must join ACFE as a member, considering only ACFE members can earn a CFE credential.
Joining ACFE comes with added benefits that are exclusively designed to build your fraud examiner specialist career more diverse and dynamic while imparting expertise to advance your profile.
Step 2: Prepare for the CFE Exam
Once you obtain your ACFE membership, you would be required to start studying for your certified fraud exam. This begins with understanding the curriculum and taking up an instructor-led CFE training course that incorporates topics of investigations, law, financial transactions, and fraud prevention & deterrence.
The anti-fraud course gives insights into the expanding landscape of threats, the 5W 1H of fraud (What, Why, When, Where, Who, and How) and how can a certified fraud examiner prevent them. The course will help you save businesses from fraudsters and enable you to advance your professional career to new heights.
There are three ways an aspirant can study for the certified fraud exam, each of which is based on your schedule and needs.
Self-Paced, Online Learning:
For aspirants who wish to prepare for the exam at their own pace, the CFE prep course is suitable for their needs online. It includes practice questions and mock exams.
Learn in Real Time: This instructor-led classroom and online preparation method give a thorough understanding of the 4 topics in a span of 4 days.
Netrika being the only authorized training partner of ACFE offers the best-in-class training from industry experts. With its specialized training from experienced trainers, an aspirant acquires all the information they need to pass the exam.
Study On Your Own: If studying on your own is your desire, then ACFE offers a 2,000-page guide that provides complete knowledge to pass the exam.
Step 3: Apply for the CFE Exam
Upon successful completion of the CFE prep course, an aspirant is required to apply for the exam. They would need to submit the examination fee, and provide required documentation including educational qualifications, professional experience, and recommendations.
Step 4: Take the CFE Exam.
After applying for the exam with relevant documentation and submitting the fees, the aspirant has to take the exam to earn your CFE credentials.