A Complete Comprehensive Roadmap to Fraud Examiner Certification

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Fraud Examiner Certification

Are you interested in combating fraud for a strong case by bringing evidence-based arguments and the right witnesses to the court? Or do you have a bombardment of crime reports and documentation to review? If your answer is yes, then you must hear the term certified fraud examiner. To become the best candidate for this domain, you need to enroll yourself for fraud examiner certification. 

This Ideal career helps you to grow to the advanced level of your career. 

This article answers your concerns, as it includes the complete knowledge of how one can attain fraud examiner certification, what are the prerequisites, its importance, what are the potential offerings, and much more.

How to become a Certified Fraud Examiner (CFE)?

Before answering the above-asked questions, one should know what a certified fraud examiner is. A certified fraud examiner is a certification which is launched by the Association of Certified Fraud Examiners (ACFE). The specified certifications are specially designed for those who have to deal with fraud and white-collar crime investigations. These professionals follow advanced ethical standards to ensure fraud prevention across multiple industries and sectors. 

The Certified Fraud Examiner (CFE) certification is created to give upgraded knowledge regarding legal fraud elements, advanced fraud prevention, and investigation techniques, different fraud schemes, and complex financial misconduct. It also plays an important role in dealing with fraudulent activities.

Overview of CFE Certification Exams

Exam pattern and Associated times:

The syllabus of CFE Certification exam is divided into four different sections: Fraud Prevention & Deterrence, Financial Transactions & Fraud Schemes, Investigation, and Law

Total Questions: Per Section are 100

Time limit: to complete each section is 2 hours

Passing Percentage: Questions of each section are 75% and the unanswered questions are marked as incorrect.

Cost for Certified Fraud Examiner (CFE) Certification:

The overall cost for Certified Fraud Examiner (CFE) certification: $450.

Retake Exam Details:

Retake fees: $100 per section failed. 

(But if you are registered for the CFE Exam Review Course then your retake fees will be $50.)

The instructions appear on your exam scoreboard. 

You can retake the attempt each section three times only.

Test and Result Procedure:

It is a Computer-based exam that is monitored by the Prometric Testing Center.

In the next 24 hours, you will get a scoreboard through an email delivered by Prometric. Otherwise, you can check them through their score report portal by simply entering your last name and confirmation phone number. 


Core Focus Areas of CFE Certification:

The following table explains the subdomains of 4 different sections of the course outline of Certified Fraud Examiner (CFE) Certification.

Section Domain Weightage
Financial Transactions & Fraud Schemes Accounting Concepts 5-10%
Financial Statement Fraud 5-10%
Asset Misappropriation: Cash Receipts 5-10%
Asset Misappropriation: Fraudulent Disbursements 5-10%
Asset Misappropriation: Inventory and Other Assets  1-5%
Corruption 5-10%
Theft of Data and Intellectual Property  5-10%
Identity Theft 1-5%
Financial Institution Fraud  5-10%
Payment Fraud  5-10%
Insurance Fraud 1-5%
Health Care Fraud 1-5%
Consumer Fraud 5-10%
Cyberfraud 5-10%
Contract & Procurement Fraud 5-10%
Law Overview of the Legal System 5-10%
The Law Related to Fraud 10-15%
Bankruptcy Fraud 5-10%
Securities Fraud 5-10%
Money Laundering 10-15%
Tax Fraud  1-5%
Individual Rights During Examinations 10-15%
Criminal Prosecutions 10-15%
Civil Actions 5-10%
Basic Principles of Evidence 5-10%
Testifying  5-10%
Investigation Planning and Conducting a Fraud Examination 5-10%
Collecting Evidence 1-5%
Interview Theory & Application  10-15%
Covert Operations  5-10%
Sources of Information  15-20%
Data Analysis & Reporting Tools  5-10%
Digital Forensics 5-10%
Tracing Illicit Transactions  10-15%
Report Writing  5-10%
Fraud Prevention & Deterrence Understanding Criminal Behavior 5-10%
White-Collar Crime 15-20%
Corporate Governance  5-10%
Management’s Fraud-Related Responsibilities  5-10%
Auditors’ Fraud-Related Responsibilities  5-10%
Fraud Prevention Programs 10-15%
Fraud Risk Assessment  10-15%
Fraud Risk Management 5-10%
Ethics for Fraud Examiners  10-15%

Target Audience

The certification is developed to help those professionals whose background experience is in accounting, Fraud Managers, Controllers, Finance, and Auditors.

Requirement for taking CFE Certification:

The basic requirements for entering into the examination for Certified Fraud Examiner (CFE) Certification are explained below:

  • One should have a bachelor’s degree from an accredited University.
  • Need two years of experience in the Fraud examination.
  • With a College Degree, you are required to have four years of experience.
  • Prior Experience should be from the detection of fraud deterrence.

Moreover, in terms of skills, they should possess diverse capabilities in handling legal issues and fraud allegations and devising the most effective and recent anti-fraud programs to resolve these issues. 

Specification for CFE Membership

  • Should fulfill academic and professional and have associated membership from ACFE.
  • They need to follow the Code of Ethics to pursue their desired certification.

Demand for CFE professionals

The demand for CFE professionals is increased in the market by leaders of organizations, regulators, stakeholders, and investors. The main purpose of hiring them is to prevent, deal with, and investigate the market free from Fraud and unethical activities. They perform duties in various domains, such as fraud consultant, security investigation, forensic accounting, and auditing.

Job Outlook for CFE’s Certification

Following is the job outlook, one can opt after completing the CFE Certification

  • Financial Planning and Analysis
  • Accounting & Pricing Analyst
  • Investment & Financial Analysts

Platform offering Certified Fraud Examiner (CFE) Certification

The Association of Certified Fraud Examiners (CFE) is an active global community of anti-fraud professionals who pursue their careers in detecting, exploring, and finding useful solutions to deal with all types of fraud. This website is the authentic platform to become the best-certified fraud examiner (CFE) in the world.

Almost 60,000 CFEs are registered in this certification, they have different background experiences from other professional fields. The ACFE helps most professionals to find advanced careers in their field.

Potential Outcomes of Certified Fraud Examiner (CFE) Certification:

Following are some potential outcomes of Certified Fraud Examiner (CFE) Certification:

  • This certification develops advanced skill sets while keeping you updated regarding the most recent trends and industry standards. 
  • It leads you to stand out in your industry by becoming a successful candidate for anti-fraud careers.
  • It offers Certified Fraud Examiners (CFEs) a competitive edge as compared to non-certified individuals. 
  • It enables professionals to investigate fraud allegations, resolve financial disputes, direct anti-fraud controls, and act as experts in conducting financial investigations.

How to start your journey towards becoming a more skilled CFE?

Following are the steps to pursue your certification journey to become excellent Certified Fraud Examiner (CFE) Certification:

1. Becoming a Member of the ACFE Organization

The Association of Certified Fraud Examiners (ACFE) offers their top-notch anti-fraud training programs and resources. To pursue a career as a CFE in the fraud industry, one needs to become a member of the ACFE organization. Once you get yourself enrolled on the ACFE website, you will ultimately get all access to their offered CFE credentials

The original website is granting the following benefits for becoming a member:

  • It permits all access to their CFE qualification credential
  • You will get all training and exam preparation at one umbrella
  • Get regular updates on the incident through Fraud Magazine
  • Increases chances of global networking prospects
  • Avail chance of joining Free webinars to attain advanced knowledge of CFE Certification 
  • You can become a member of the job board and career center to open new doors for career growth.

2. How to start your Certified Fraud Examiner’s Certification Preparation?

After signing up for membership, you can start your preparation for the CFE Exam. This certification is specifically designed for anti-fraud professionals who are curious about detecting the causes of any fraudulent activities and delivering the most suitable solution to save the companies from reputational disasters. Moreover, if you are preparing for your CFE Exam, it will build a smooth career which is beneficial for you and the people you serve.  

In addition to this, the original platform created three distinguished exam preparation packages that are aligned with your desired requirements and specifications.

i) Self-Study Online Available Program

If you are looking for some self-studied and online assistance for the Certified Fraud Examiner’s Certification, then you can opt for their self-study online program. In this online course, you can access their complete CFE Exam preparation course packages. They have the below-mentioned study materials 

  • 1,400 Study Questions that lead to complete and satisfactory concept practice
  • 500 different lessons help in gaining detailed knowledge and concepts of each topic
  • 800 flashcards and knowledge checker to make grasping the content easier for you
  • Authentic direct links to the Fraud Examiners Manual are available for source material.

More on: the CFE Certification Exam Preparation Course

ii) In-person Seminars available for offering real-time experience:

Another platform is available for making your preparation journey smooth. In In-person Seminars, the instructors are offering live coaching sessions for mastering your concepts regarding the CFE Exam. This category gives you a chance to have clear direction and structure for grasping the exam topic more easily. This type of service will deliver you the following benefits:

  • Get organized content and detailed study materials regarding this particular exam.
  • Course lectures are conducted 4-days a week.
  • There is an interaction session conducted with experienced instructors for clear guidance, organized study sessions, and review materials. 
  • Get an idea for testing practical applications on each fraud topic.
  • At the end of the day, you will get a hard form exam to examine and evaluate your understanding related to the topic.

iii) Self-Directed Course is also designed for you

The last category from which you can get your preparation done is through a self-directed course which is available in the Fraud Examiners Manual body. This manual provides you with complete guidance for anti-fraud professionals. Moreover, with this manual, you can consult online available resources to make this preparation journey easy for yourself. These manuals are available in hard and soft copy on the website. 

You will get the following benefits:

  • Updated knowledge about the anti-fraud field.
  • Detailed overview of country and regional standards.
  • Retrieve this information through internet-connected devices.
  • You will get complete access for around one year.

3. Register for the CFE Exams:

To apply to the CFE exam, you need to know about the following mentioned basic eligibility requirements:

  • Firstly you need to register yourself on the original websites
  • Then you will check your eligibility score, this score depends upon your education and fraud-related work experience. 

i) Educational Requirements

  • If you have a single bachelor’s degree, you will easily qualify for around 40 points.
  • If you don’t have any prior degree for this, you have to opt for two years of professional experience in the fraud department. 
  • You can also get 20 points based on a two years-college degree, but here you need 4 years of work experience to fulfill educational requirements.
  • You must have a degree from a certified institution for higher learning.

ii) Fraud-Related Work Experience

  • If you have experience in the desired field, you will attain some earning points

Moreover, you need to know that 40 marks are the criteria for being eligible to take the CFE Exam but you need at least 50 marks to become a Certified Fraud examiner (CFE). 

  • The third requirement is to have some work experience in investigation, detection, and fraud deterrence If you have direct or indirect experience in detection of fraud deterrence. You need to have at least two years of experience with a 50-point minimum, then you will be eligible to get full CFE credentials.
  • After passing the above-mentioned requirements, you need to test your understanding of four major domains. These domains are more related to fraud examination bodies, which include, law, investigation, financial transactions and fraud schemes, and fraud prevention and deterrence. 
  • Lastly, you need to accept the code of professional ethics to start your journey as a CFE.

These above-mentioned requirements are measured through an eligibility calculator. To check this, you need to share proof of your background experience, educational proof, and professional recommendations.

4. Take the exams

After registering and fulfilling the requirements of exam details, the next step is to take the exams. The exam is conducted online and is usually delivered and evaluated by the Prometric Testing Center. You need to answer each question, the questions are in the form of MCQs, and the passing criteria for each section is 75%.

5. Get your desired Certification

After passing each section, the ACFE’s certification committee sits together to analyze exam results. You will receive certification through email if you become eligible or fulfill the requirements of a Certified Fraud Examiner.

Effective Preparation Tips and Strategies

Having proper plans, tips, and strategies can help you assess your preparation before taking the CFE Certification exams. The following mentioned tips help you to score maximum:

Tips and Strategies

1. Reviewing the “Getting Started” Module

This Getting Started module at the ACFE platform offers you an overview of preparation certification courses, features, and tailored options and tools specially designed for you. This will help you understand the course, which will ultimately lead to an effective study experience.

2. Set a proper study plan

If we set our end goal, it will help us score well in our CFE examination. For this, you need a study schedule with a proper deadline mentioned in the planner. This will work as an aid for better-examining progress reports towards completing your course.

3. Use offered customized features of the ACFE Platform

The ACFE platform offers a “Today’s Knowledge Goal” feature which helps you in meeting study deadlines and regulating your progress report. The report of your study progress appears in the organization’s Study plan.

4. Make short and long notes, and add bookmarks and highlights

If you start making short and long notes of each lecture, highlighting some important stuff, it will make your cramming easier for you.

5. Design innovative and attractive flashcards

This technique helps you examine your preparation. You can add key concepts and different terminologies to memorize your stuff.

6. Use comprehensive dumps and practice questions

One can also purchase the Fraud Examiner Manual from the ACFE platform. It is a well-added addition and the best supplementary study material that will complement your preparation

7. Enroll yourself in the ACFE 90-days Challenge

If the above-mentioned techniques are very difficult for you to follow, then you can join the 90-day challenge of ACFE, it will boost your confidence and support.

Certified Fraud Examiner (CFE) Certifier: Salary Prospects

According to Zip Recruiter, the average base salary of a CFE Certifier is $147,203 per year. But this pay scale varies according to specified locations, some of which are mentioned below:

City Average Pay Scale
Berkeley, CA $191,771
Bailey’s Crossroads, VA $182,353
Daly City, CA $181,489
San Mateo, CA $175,818
Richmond, CA $174,315
Bellevue, WA $171,686


The Certified Fraud Examiner (CFE) Certification acts as a valuable asset for pursuing a professional career in Fraud analysis roles. ACFL’s comprehensive curriculum, complete guidance, and assistance in preparation help you as a gateway to a successful and promising career. Just by investing some time and effort in certification preparation, work as an aid for attaining global networking prospects and new opportunities.

Frequently Asked Questions (FAQs)

The Certified Fraud Examiner (CFE) Certification exam is easy to pass, but for this, you need to put in some dedication and hard work. The preparation strategies and valuable guidance from the ACFE platform help candidates pass the exam on their first attempt.

The CFE Certification increases your pay scale up to 17% in the market as compared to non-certified colleagues.

Certified Fraud Examiners are those professionals who strategically examine financial documentation to explore any chances of fraud. They prepare reports, conduct criminal and civil investigations, and act as expert witnesses for a trial.

If one has a proper weekly study plan, he only needs 60 days to study for the CFE Certification.

To start your career as an excellent fraud examiner, you need to have the following qualities.

  • Have specific professional skills (Either attained through training or field experience) 
  • Keep oneself updated about all legal aspects of fraud detection. 
  • Persistent and dedicated to performing job duties.

The passing score rate for each section of CFE Certification is 75%. However, according to some resources, there is a 1 to 2% decrease experienced over the year 2023, and the passing rate was 70.5% in 2023 which is less than the 2022 passing score rate.



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