Everything You Need to Know about the CFE Exam (by ACFE)
What is ACFE?
The ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education.
This denotes proven expertise in fraud prevention, detection and deterrence. CFEs across the globe help protect the global economy by contributing to fraud prevention and implementation of approach and methodology to prevent fraud from occurring in the first place itself.
Whether internal or external, the threat posed by these cybercriminals is real. Threats include the disruption of operations, the wrongful transfer of funds and the theft of intellectual property, confidential information or other critical assets.
Who can be a CFE?
To become a Certified Fraud Examiner (CFE), one must meet the following requirements:
- Be an Associate Member of the ACFE in good standing.
- Meet minimum academic and professional requirements (Undergraduate Degree + Master's degree or Professional Designation(s) and Professional Experience)
- Be of high moral character
- Generally, applicants for CFE certification 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 meet the education requirements.
Where do you get this certification in India?
Value addition after becoming a CFE?
- Increased Remuneration Package than their non-certified colleagues
- Advance your career – CFE certification is documented evidence of expertise and experience, representing a high level of skill, knowledge and professionalism.
- Enhance your marketability and job security
- Gain professional visibility and credibility – The CFE is accepted worldwide as the standard of excellence in the anti-fraud profession.
- Distinguish yourself from your peers – The CFE credential is recognized in the hiring and promotion policies of leading organizations, including the FBI, the U.S. Department of Defense and the U.S. Securities and Exchange Commission (SEC).
- Impact your company’s bottom line – ACFE research indicates that organizations with CFEs on staff uncover fraud 50 percent sooner and experience fraud losses that are 62 percent smaller than organizations that do not have CFEs on staff.
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