What Skills Do CFEs Bring to Corporate Security Teams?

A certified fraud examiner is an expert in the areas of fraud detection, investigation, and mitigation. The world’s largest organization dedicated to investigating cases of fraud, ACFE (Association of Certified Fraud Examiners), grants the CFE certification to professionals who meet its eligibility criteria and abide by its code of conduct. CFEs are adept at transaction corporate security investigation & maintenance, financial record analysis, and forensic auditing. 

In this blog, we dive into the skills that a CFE brings to corporate security teams. 

Fraud Detection and Prevention: CFEs possess strong analytical skills that allow them to scrutinize financial records and identify patterns reflective of suspicious activities. They comprehensive training enables them to conduct thorough fraud detection and prevention assessment, thus ensuring robust anti-fraud models in place for resilient corporate security. 

Regulatory Knowledge: The ACFE resources and training equip CFEs with the strategies to stay updated on the evolving regulatory compliance across industry verticals. Therefore, they support the corporate security teams in developing and implementing policies that adhere to regulatory standards and ensure that fraud risks are adequately addressed during security audits.

Ethical Leadership: A certified fraud examiner has to abide by the ethical code of conduct of ACFE (Association of Certified Fraud Examiners), the largest anti-fraud organization in the world. Therefore, a CFE is adept at providing guidance on ethical decision-making, while upholding the integrity of an organization. This is a crucial element under corporate security teams, as developing a culture of vigilance and accountability helps them motivate the employees report suspicious activities. 

Interdisciplinary Coordination: CFEs work closely with different departments in a organization. This includes HR, legal, production, and operations. Therefore integrating a CFE in a corporate security team helps them to address risks more comprehensively with coordinated efforts and higher efficiency. They also share their skills and knowledge with the team members, improving the overall capabilities of a resilient corporate security. 

A CFE Certificate is the result of comprehensive training that provides insights into financial transactions, fraud schemes, investigation, and law, and equips an individual for fraud prevention and deterrence. By predicting patterns in a fraudulent incident, CFEs maintain a proactive strategy that reduces the consequences of fraud to maintain corporate security. CFEs established an ecosystem for continuous improvement that assesses, finds, and addresses fraud risk. And the staggering statistic provided by ACFE, which states that over 75% of Fortune 500 corporations employ at least one CFE, reflects this. This also reveals how frauds are becoming more widespread and impacting, and how integrating a CFE in corporate security teams can prove to be a necessary mark of high competence, fraud resilience and professionalism.