CFE Exam Pass Rate

When one aspires to be a recognized and approved Certified Fraud Examiner (CFE), it is a laudable thing that suggests a dedication to fighting fraud and promoting propriety in the financial industry and business. However, in general, the CFE exam is known to be challenging, with a pass rate of around 50–60%. arning the Certified Fraud Examiner (CFE) certification is an excellent step towards achieving your goal of a scaling career in a myriad of investigation-related profiles.Yet, those who seek this qualification are often left with one question: What is the CFE pass rate?

ACFE (Association of Certified Fraud Examiners), the body in charge of conducting the fraud examiner certification test does not officially publish the CFE pass rate. Still, it is worth mentioning that over time, the CFE examination pass rate has been stated to range from 70% to 80%. It should however be noted that this statistic is influenced by several factors. The level of preparedness among candidates is one important aspect. Candidates who study exam materials extensively and take ample time practicing for the exams will have higher chances of passing. In addition, changes in the examination format or content might affect pass rates. However, ACFE does not reveal the particular percentage for each examination period. Read more.

Certified Fraud Examiner Pass Rate

Certified Internal Auditor focuses on risk management, internal control, governance, business analysis, audit preparation, and reporting. To successfully obtain the certified fraud examiner designation with a higher pass percentage, candidates have to appear and complete four test categories. The minimal passing score for each exam part is 74. If you pass any of the four examinations, you will receive a conditional credit valid for 36 months following the test date. According to historical data, the Part 1 CFA exam has the greatest success rate, which decreases until the Part 3 exam. 

To avoid having to retake all of the tests, you must pass the remaining ones within that time range. ACFE gives the candidate the liberty to take the CFE exam at home.

Certified fraud examiner course comprises-

• Fraud Prevention and Deterrence
• Financial transactions.
• Fraud schemes.
• Investigation and Law

The CFA exam consists of multiple-choice questions, item sets, and essay questions. A candidate has two and a half hours for each test category, and every part contains a total of 125 questions. The certified internal auditor exam has three parts:

• Part 1: The Essentials of Internal Auditing
• Part 2: Practice of Internal Auditing
• Part III: Business Knowledge for Internal Auditing

However, there are several strategies that candidates can use to improve their success probabilities in this challenging CFE exam. First and foremost, thorough preparation is essential. Take advantage of ACFE-provided study materials like the Fraud Examiners Manual and online review courses. Allocate dedicated studying hours together with making a study timetable that entails covering all examination topics comprehensively. Moreover, practice tests can be used to familiarize oneself with how the test is usually structured hence helping one know areas that need more revision while preparing for an exam.