Why CFE Certification Matters in the Field of Fraud Examination

Why CFE Certification Matters in the Field of Fraud Examination

The primary task of a certified fraud examiner is to find evidence of fraud or other financial crimes in financial records is the task of a Certified Fraud Examiner (CFE), a certified professional. They not only detect, investigate, forbid, and mitigate fraudulent activities, but they also develop preemptive measures to prevent malicious actors from entering businesses. 

Certified fraud examiners work for both financial and non-financial institutions with a crucial set of responsibilities, including-

• The prevalence of financial fraud, which defrauds investors of millions of dollars and can also affect a country’s economy, is mushrooming at a fast pace. CFEs are trained and encompass the skills, and best practices, and leverage the latest tools & technology to identify different frauds and proactively address them before they permeate deeper into the organizations. 
• The most common kind of asset theft, disbursement fraud occurs when a company employee uses their position and status to make an illegal payment. A CFE can successfully identify these types of malicious activities. Moreover, as a CFE is skilled at designing methods of fraud examination, they can leverage historical data to identify fraud-related patterns and create strategies to avoid their recurrence.
• A CFE is qualified to recognize and assist auditors in identifying instances of tax evasion while practicing fraud examination. As tax evasion is regarded as one of the worst criminal offenses, its proactive identification and mitigation can prevent organizations from suffering massive financial losses. 
• One of the most complex types of fraud is internet fraud, which works its way up to gain a great deal of access to a person’s or company’s financial, document, and personal information. Internet fraudsters target organizations and people as their victims by leveraging a range of tactics, such as phishing, viruses, and vishing to steal personal information. A CFE not only detects these types of threats but also makes staff members aware of how to monitor instances of online deception through training sessions. 

According to ACFE research, 16% of companies and 26% of organizations have started incorporating biometrics into their anti-fraud strategies. As CFEs have access to ACFE’s resource library and frequently network with the best in the anti-fraud examination industry, they are always one step ahead with evolving solutions to assist organizations in successfully identifying, assessing, and preventing fraudulent incidents. 

Netrika Consulting supports the anti-fraud examination industry with its instructor-led CFE Course for professionals

Netrika is the only authorized partner of ACFE in India that offers the CFE certificate program to help professionals pass the CFE test successfully while expanding their professional exposure, and reputation, increasing their marketability and job security overseas. 

We support the anti-fraud examination industry to consistently help organizations detect, report, and prevent risks that threaten their safety landscape. Our instructor-led training program comprises one of the best learning management systems (LMS), which allows users to take multiple mock exams before taking the actual test. We provide more than thirty-two hours of live, online interactive training with an ACFE-authorized trainer. We also expertly organize your study schedule to guarantee that you earn your CFE within the allotted time limit.