Certified Fraud Examiner (CFE) Exam Preparation
Develop the knowledge to detect, investigate and prevent fraud.
About this course
Develop the knowledge to detect, investigate and prevent fraud. Across twenty days, about 120 hours of training, you will work through the four sections of the CFE exam: financial transactions and fraud schemes, law, investigation, and fraud prevention and deterrence.
Case studies show how schemes are concealed and uncovered, how evidence is gathered and reported, and how organisations build lasting anti-fraud controls. Practice exams for each section help you plan your revision. Exam fees are separate and paid to the exam provider.
What you'll learn
- Recognise the main types of occupational fraud, including financial statement fraud, asset misappropriation and corruption
- Explain other fraud schemes such as money laundering and cyber fraud
- Describe the legal elements of fraud and the principles of evidence and testimony
- Plan a fraud examination and gather documentary and digital evidence
- Conduct effective interviews and trace illicit transactions and assets
- Explain why people commit fraud and how organisations deter it
- Design fraud risk management programmes and anti-fraud controls
- Apply professional ethics and prepare for all four sections of the CFE exam
Curriculum
- The four exam sections
- Building a study plan
- Question technique
- Fictitious revenues and timing differences
- Improper asset valuation
- Concealed liabilities and improper disclosures
- Detecting financial statement fraud
- Cash and inventory schemes
- Billing, payroll and expense schemes
- Bribery and conflicts of interest
- Procurement fraud
- Money laundering
- Cyber fraud and identity theft
- Fraud against financial institutions
- Consumer and contract fraud
- Legal elements of fraud
- Criminal prosecution
- Rights of individuals during an examination
- Basic principles of evidence
- Civil litigation
- Testifying as a witness
- Planning and conducting a fraud examination
- Collecting documentary evidence
- Digital forensics basics
- Sources of information
- Interview techniques
- Data analysis for fraud detection
- Tracing illicit transactions and assets
- Writing the examination report
- Why people commit fraud
- The fraud triangle
- Behavioural red flags
- Occupational fraud patterns
- Corporate governance and fraud
- Fraud risk assessment
- Fraud prevention programmes
- Management and auditor responsibilities
- Ethics for fraud examiners
- Professional standards
- Confidentiality and conflicts
- Practice exams for each section
- Reviewing weak areas
- Exam-day preparation
Who it's for
Auditors, accountants, investigators and compliance officers who want to specialise in fraud examination.
Before you start
- Experience or study in accounting, auditing, investigation, law or compliance is recommended
- Candidates should check the current eligibility requirements published by ACFE
Prepares for
Part of these Alalamia diplomas
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