Before taking the CFE exam, an accomplished CFE Exam application with supporting documentation should be submitted. An individual must then pass the rigorous 500-item exam administered by the ACFE, which tests your knowledge on the four major disciplines of fraud examination.
- Fraud Prevention and Deterrence – Topics include crime causation, white-collar crime, fraud prevention, occupational fraud, fraud risk assessment, and the ACFE Code of Professional Ethics
- Financial Transactions and Fraud Schemes – Concepts include basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.
- Investigation – Includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.
- Law – Covers the legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser and expert witness matters.