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Exam Number : CFEX
Exam Name : Certified Fraud Examiner (CFEX)
Vendor Name : ACFE
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A Certified Fraud Examiner (CFE) is a leader in the anti-fraud community, noted as a specialist in the prevention, detection and deterrence of fraud. CFEs represent the highest standards held by the ACFE

Before earning the CFE Credential, you are required to pass the CFE Exam. The CFE test tests your knowledge of the four major areas that comprise the fraud examination body of knowledge:

Financial Transactions and Fraud Schemes — tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.

Law — ensures your familiarity with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser, and expert witness matters.

Investigation — includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.

Fraud Prevention and Deterrence — tests your understanding of why people commit fraud and ways to prevent it. courses covered in this section include crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional Ethics.

Explanation of Certification Process
• Requirements
• Explanation of test Process
• Investigation Techniques
• Planning the Investigation
• Interview Theory and Application
• Analysing Documents
• Data Analysis and Reporting Tools
• Computer Forensics
• Covert Examinations
• Sources of Information
• Tracing Illicit Transactions
• Reporting Standards
• Examination on Investigation Techniques
• Overview of the Legal System
• Criminal Prosecutions for Fraud
• Basic Principles of Evidence
• Individual Rights During Examinations
• Civil Justice System
• Law Related to Fraud
• Testifying as an Expert Witness
• Securities Fraud
• Money Laundering
• Bankruptcy Fraud
• Examination on Law Related to Fraud Accounting Concepts
• Financial Statement Fraud
• Consumer Fraud
• Healthcare Fraud
• Financial Institution Fraud
• Check and Credit Card Fraud
• Insurance Fraud
• Fraudulent Disbursements
• Inventory and Other Assets
• Cash Receipts
• Bribery and Corruption
• Theft of Intellectual Property
• Computer and Internet Fraud
• Public Sector Fraud
• Contract and Procurement
• Fraud Examination on Financial Transactions and Fraud Schemes
• Understanding Behaviour
• White-Collar Crime
• ACFE Code of Professional Ethics
• Managements Responsibilities
• Auditors Responsibilities
• Corporate Governance
• Fraud Prevention Programs
• Fraud Risk Assessment
• Fraud Risk Management
• Examination on Fraud Prevention and Deterrence



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ACFE Examiner test prep

affiliation of certified Fraud Examiners | CFEX VCE exam and Free test PDF

what is the affiliation of licensed Fraud Examiners (ACFE)?

The term association of licensed Fraud Examiners (ACFE) refers to a firm that became created to combat fraud and deception in enterprise practices. The organization was centered in 1988 and is headquartered in Austin, Texas. it is the accrediting company for experts who have the certified Fraud Examiner (CFE) designation.

The ACFE is additionally the governing physique of the area's certified fraud examiners. The association offers its individuals with schooling, equipment, and working towards geared toward aiding its members in their efforts.

Key Takeaways
  • The association of licensed Fraud Examiners is a company that became created to fight fraud and deception in company practices.
  • The ACFE is the accrediting company for experts with the licensed Fraud Examiners designation.
  • it's also the governing physique of the area's licensed fraud examiners.
  • The association provides its contributors with education, equipment, and working towards geared towards aiding its contributors in their efforts.
  • figuring out the affiliation of licensed Fraud Examiners (ACFE)?

    The association of licensed Fraud Examiners was centered in 1988 and is based in Austin, Texas. The company additionally has offices in London and Tokyo. With practically ninety,000 members with chapters around the world, the ACFE is the area's largest anti-fraud firm and premier provider of anti-fraud practicing and education.

    ACFE members come from distinctive professional backgrounds and have obligations, but they're often interested in fraud detection and prevention. They work closely with diverse fraud and legislation enforcement companies to cut back white-collar crime and different sorts of company fraud. Membership offers people entry to tools and profession building, along with profession guide and networking opportunities. experts can also take the examination to become a CFE.

    The licensed Fraud Examiner (CFE) is a professional certification accessible to fraud examiners who behavior forensic audits and tune down monetary crimes, among other duties. CFEs have a distinct set of knowledge that don't seem to be present in some other profession box or self-discipline. They mix advantage of advanced fiscal transactions with an figuring out of strategies, legislations, in addition to how to get to the bottom of allegations of fraud. CFEs are field to periodic carrying on with skilled education requirements in the same method as certified public accountants (CPAs).

    The CFE test checks experts' expertise in four distinctive areas including economic transactions and fraud schemes, law, investigation, and fraud prevention and deterrence. The examination is taken at a Test Center or at a personal location using their online proctoring device and is closed-book. look at various-takers aren't allowed any notes and must permit a web digital camera right through the examination. members have 60 days to finished the test and are allowed to take each and every part for a highest of three tries except they move. A rating of 75% in each and every area is required to flow the exam.

    Many professional industries employ CFEsβ€”as an instance, corporate accountant Cynthia Cooper become behind the crew that found WorldCom's accounting fraud.

    The association's dreams are to do the following:

  • supply participants with proper certification with the aid of administering the CFE exam
  • environment industry standards by way of requiring mandatory recertification and carrying on with education
  • setting up and administering a code of ethics and behavior
  • acting as a CFE consultant
  • featuring management within the business
  • particular issues

    in accordance with the ACFE site, those with the CFE designation customarily earn 34% more than their counterparts who haven't bought the certification. however the U.S. Bureau of Labor statistics (BLS) would not have a separate class for fraud examiners, it does have one for financial examiners.

    in response to the web site, these gurus evaluation files to observe inaccuracies and confirm that financial statements are compliant as per economic and governmental guidelines. The median annual salary for a monetary examiner became $eighty one,430 in 2020 or $39.15 per hour. The outlook for the occupation is expected to develop 18% within the 10-12 months duration between 2020 and 2030β€”a lot quicker than typical in comparison to different professions.




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