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Training Programme for Certified Fraud Examiner
- By Chris Uba
- Published May 31st, 2011
- Business School
- Unrated
The growing incidence of fraud around the world has forced professional bodies to device ways of fighting the menace. One of these bodies is United States-based Certified Fraud Examiner (CFE), which trains and certifies people interested in joining the profession.
Globally preferred by employers, the Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection, and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFEs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place.
Members with the CFE credential experience professional growth and quickly position themselves as leaders in the global anti-fraud community. In fact, the ACFE’s 2010-2011 Compensation Guide for Anti-Fraud Professionals reveals that CFEs earn 22 per cent more than non-CFEs in similar jobs. To become a CFE, an individual must pass a rigorous test on the four major disciplines that comprise the fraud examination body of knowledge: Fraud Prevention and Deterrence, Fraudulent Financial Transactions, Fraud Investigation and Legal Elements of Fraud.
Before you may apply for the CFE Examination, you must meet the following requirements: be an associate member of the ACFE in good standing, meet minimum academic and professional requirements, be of high moral character and agree to abide by the Bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners.
With regard to academic requirements, applicants for CFE certification should have a minimum of a bachelor’s degree (or equivalent) from an institution of higher learning. No specific field of study is required. If you do not have a bachelor’s degree, you may substitute two years of fraud-related professional experience for each year of academic study. For example, if you successfully attended college full-time for only two years, you would need an additional four years of professional experience to qualify for the education requirements. When you apply, you will be awarded qualifying points for the specific level of education you claim. At the time you are certified, you must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud.
Globally preferred by employers, the Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection, and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFEs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place.
Members with the CFE credential experience professional growth and quickly position themselves as leaders in the global anti-fraud community. In fact, the ACFE’s 2010-2011 Compensation Guide for Anti-Fraud Professionals reveals that CFEs earn 22 per cent more than non-CFEs in similar jobs. To become a CFE, an individual must pass a rigorous test on the four major disciplines that comprise the fraud examination body of knowledge: Fraud Prevention and Deterrence, Fraudulent Financial Transactions, Fraud Investigation and Legal Elements of Fraud.
Before you may apply for the CFE Examination, you must meet the following requirements: be an associate member of the ACFE in good standing, meet minimum academic and professional requirements, be of high moral character and agree to abide by the Bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners.
With regard to academic requirements, applicants for CFE certification should have a minimum of a bachelor’s degree (or equivalent) from an institution of higher learning. No specific field of study is required. If you do not have a bachelor’s degree, you may substitute two years of fraud-related professional experience for each year of academic study. For example, if you successfully attended college full-time for only two years, you would need an additional four years of professional experience to qualify for the education requirements. When you apply, you will be awarded qualifying points for the specific level of education you claim. At the time you are certified, you must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud.
