Preparing For the Certified Fraud Examiners Exam

Posted by Kate Felicity on March 23rd, 2021

The Certified Fraud Examiner (CFE) is an individual who has been professionally trained to detect fraud. This professional examination is given by the American Society for Fraud Science and currently includes over 750 employees. The person who carries this certification must have at least a two-year degree from an accredited university or college, or an equivalent measure. In addition, the individual must also have at least five years of practical experience in a forensic investigation or forensics environment. The person must also pass the fraud examination written test administered by the American Society for Fraud Science.

The Certified Fraud Examiner exam is a mandatory qualification for fraud investigators. Fraud is a broad subject and there are many different areas where it could be examined, including forensics, information assurance, corporate accounting, insurance, investment banking, and the Internet. There are several different professional associations that offer training and examinations for Certified Fraud Examiners and all of them require an examination. These examinations are nationally recognized as having been created by a national standard.

Types Of Certified Fraud Examiners Certification for Certified Fraud Examiners, or CFE, is offered by many professional associations. While the exam is offered by most of these associations, it is also possible to take the exam online. Most online courses for the exam require a study guide and then there is the practical test. Taking the test online is convenient for anyone as there are no long commutes to and from an institution of higher learning.

Benefits Becoming a certified fraud examiner is a great career choice because the salary can be high. Graduates of accredited programs will generally begin making money within five years. Earning a certificate is not just about passing the exam, however; there are numerous benefits that you will receive by becoming a certified fraud examiner. You will receive excellent benefits including: great medical benefits and excellent retirement benefits. You will also have the opportunity to gain entry into various federal agencies, which may include: the Department of Labor, the National Security Agency, or the Federal Trade Commission.

Career Options While there are currently no specific career options for Certified Fraud Examiners, there are several employment options that could apply to individuals who have received this certification. There are several large accounting firms that hire CFE's as part of their team of fraud investigators. In addition, some private investigative firms also hire CFE's to perform their fraud investigations. There are also accounting firms that specialize in forensic accounting and have Certified Fraud Examiners on staff. In order to become a Certified Fraud Examiner, you must meet certain education and work experience requirements.

Types Of Courses Available Typically, individuals who are interested in becoming CFE's have two basic options: they can enroll in an online program that will allow them to sit for the Certified Fraud Exam, or they can enroll in an on-the-job training program at a local certified fraud examiner training center. To be able to take the exam and to earn the certification, an individual must first complete the Certified Fraud Examination (CFE) test. Once they pass the exam, they will be awarded CFE status. The test includes a writing and analytical essay, a business valuation, and a business decision analysis. In addition, an individual will have to successfully answer questions about the different areas of the examination.

Preparation Course For individuals who wish to become certified fraud examiners, they will first need to complete a preparation course. Generally, these preparation courses are offered by some of the major banks, accounting firms, and insurance agencies that participate in the examinations. A preparation course is designed to help test takers identify the types of issues that they will need to know and understand when they are taking the actual exam. It is also used to help them practice answering different types of questions that will be asked on the CFE exam. When taking this exam, it is very important for a test taker to make sure that they are comfortable and knowledgeable with the types of questions that they will face on the exam.

Once a person has successfully completed their preparation course, they will then need to sign an application for enrollment into their preferred accounting program. The Certified Fraud Examiner test is administered by several different agencies; in most cases, the exams are administered by the large nationwide banks and accounting firms. The exam is required in order to ensure that people employed in accounting have a high level of knowledge and understanding of accounting matters and the methods used to resolve financial disputes. If you are an aspiring fraud investigator, it is very important that you take the Certified Fraud Examiners examination.