Certified Fraud Expert
CFE is administered by AAIFM (The American Association for Investment and Financial Management); one of the most renowned associations for financial management and investment in the United States. By earning CFE candidates demonstrate that they have mastered the forensic accounting and fraud examination body of knowledge, obtained the skills of Fraud Expert, and committed to AAIFM core values and code of ethics. Earning your CFE designation not only broadens your skill set, it demonstrates a standardized level of industry knowledge, making you a recognized leader in forensic accounting and fraud examination.
CFE Certification Preparation
If you are studying in order to prepare for the CFAE exam; AAIFM provides candidates with training sessions for many of the exam questions. AAIFM also provide thorough training for the exam modules using its learning system through authorized training providers and prometric centers worldwide.
AAIFM CFE Recertification
Once you have passed the CFE exam and received your certification, you will need to stay up to date on developments in forensic accounting practices. To prove you have maintained and updated your forensic accounting knowledge and skills, AAIFM requires that you recertify every 4 years. (please refer to recertification for more info)
• A passing score on the CFE Examination.
• Bachelor Degree in any field and;
• A minimum of two years experience in any related forensic accounting area (Fraud, corporate control, Risk management, Internal Control…).
• A Minimum of 25 hours of fraud, forensic accounting approved training.
The CFE (Certified Fraud Expert) examination is a 3-hour exam, 50 MCQs and multiple essay and case study analysis questions examination. The exam is given in booklet form.
Part I : Investigating Forensic Accounting
1: Why the world Needs forensic Accountants
2: Steering Your Career toward Forensic Accounting
3: Getting to know the most Common Fraud Schemes
4: Forensic Accounting Minus the Fraud
Part II : The Anatomy of Occupational Fraud
5: Cooked Books: Finding Financial statement Fraud
6: Investigating Inventory Fraud
7: Examining Revenue Recognition Problems
8: Studying Securities Fraud
Part III : It’s All in the Family: Fraud against Individuals
9: Divorce with a side of Fraud
10: Protecting Estates, Trusts, and the Elderly
11: Recognizing Real Estate Fraud
Part IV : Meeting Your Methods of Investigation
12: Walking through the Investigation Process
13: Tracing the Flow of Money
14: Going to the Source: Obtaining Records 1
5: Tapping into Electronic Evidence
16: Who Wants to know? Reporling on Your Findings
17: Preparing for Trial: Business Litigation
18: Organizing Evidence and Serving as an Expert Witness
19: Peeking Inside Federal Government Fraud Cases
Part V: Preventing Occupational Fraud
20: Helping Small Businesses Prevent Fraud
21: Assisting Larger Businesses with Fraud Prevention
22: Keepong Employees Honest (and Happy)
23: Applying Technology to Fraud Prevention
Part VI: The Part of Tens
24: Ten Entertaining Portrayals of Fraud
25: Ten Fairly Common-and Unsuspected-Frauds
26: Ten Truly Strange Fraud Stories