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Exam Information
Official specifications published by ACFE
Exam Format
120 min
100
75%
Professional
Registration
Prometric Testing Centers (worldwide) or online proctoring
Validity
CFE credential is valid for one year and must be maintained annually through CPE
Complete 20 CPE credits annually (10 fraud-related, 2 ethics-related); Remain in good standing with ACFE membership; Pay annual dues
CFE-FRAUD-PREVENTION Exam Topics and Domains
CFE-FRAUD-PREVENTION is organized into 9 weighted domains.
1
Understanding Criminal Behavior
10-15%
Behavior Modification Theories
The use of punishment vs. reinforcement to modify behaviorTheory of differential associationSocial control theory and social learning theoryDifferential reinforcement theoryRational choice theoryRoutine activities theory
Components of the Fraud Triangle
Pressure (Incentive/Motivation)OpportunityRationalization
2
White-Collar Crime
5-10%
Research and Trends in Occupational FraudACFE Report to the Nations findings
White-Collar Crime Fundamentals
Organizational opportunity for white-collar crimeFactors that contribute to white-collar crimeEffects of white-collar crime on individuals and societyProsecutions for white-collar criminals
Organizational vs. Occupational Crime
Organizational vs. occupational crime distinctionFactors that contribute to organizational crimeWays organizations rationalize questionable conductWays to control organizational crime
3
Corporate Governance
5-10%
Corporate Governance Fundamentals
What corporate governance isThe parties involved in corporate governanceEstablishing a corporate governance frameworkPrinciples of corporate governanceSources of corporate governance guidance
4
Management's Fraud-Related Responsibilities
5-10%
Internal Control Framework
Definition of internal controlCOSO's five components of internal control
Anti-Fraud Program Responsibilities
Management's responsibility for the anti-fraud programElements of an effective anti-fraud compliance program
5
Auditors' Fraud-Related Responsibilities
5-10%
External Auditors' Responsibilities
External auditors' fraud-related responsibilitiesExternal auditors' reporting requirementsFinancial statement materialityInternal control findings
Internal Auditors' Responsibilities
Internal auditors' fraud-related responsibilitiesInternal auditors' reporting requirements
Government Auditors' Responsibilities
Government auditors' fraud-related responsibilitiesGovernment auditors' reporting requirements
6
Fraud Prevention Programs
10-15%
Increasing the Perception of DetectionDetection visibility strategies
Employee Anti-Fraud EducationTraining program design
Minimizing Employee Pressures to Commit FraudPressure reduction strategies
Developing a Formal Anti-Fraud PolicyPolicy components
Developing an Ethics ProgramEthics program elements
Reporting Programs and Whistleblower Protection
Hotline implementationWhistleblower protection programs
Reinforcing an Enterprise-Wide Anti-Fraud Culture
Tone at the topOrganizational structurePerformance management and measurementHiring policies
Response to and Communication of Fraud Incidents
Incident response protocolsInternal and external communication
7
Fraud Risk Assessment
10-15%
Anti-Fraud Controls
The role and objective of anti-fraud controlsTypes of anti-fraud controls
Fraud Risk Assessment Process
Purpose and objectives of a fraud risk assessmentTypes of fraud risksSteps in conducting a fraud risk assessmentElements of an effective fraud risk assessmentWays to respond to residual risksReporting the fraud risk assessment resultsThe relationship between the fraud risk assessment and the internal/external audit functions
8
Fraud Risk Management
5-10%
Risk Management Fundamentals
What risk management isRisk management frameworksPrinciples of fraud risk management
Fraud Risk Management Program
Roles and responsibilities for fraud risk managementObjectives of a fraud risk management programDefining risk appetiteFraud risk management program compliance and oversightThird-party fraud risk management
9
Ethics for Fraud Examiners
5-10%
Code of Ethics Fundamentals
Purpose of a code of ethicsRelationship between moral philosophy, ethics, and the lawImplications of engaging in illegal or unethical conduct
Professional Conduct Standards
Identifying and avoiding conflicts of interestIntegrity requirementsProfessional skepticismGiving opinions and drawing conclusionsDealing with privileged and confidential informationEnsuring proper qualifications for engagements
How do I earn this certification?
Passing CFE-FRAUD-PREVENTION earns the Certified Fraud Examiner certification. It sits in the Fraud Examination and Financial Crimes track.
Practice with Precision
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How to study for this exam?
The most effective way to prepare for CFE-FRAUD-PREVENTION is by using the PlanetCert Simulator to practice questions and review detailed explanations.
What's changed on this exam?
Current Status
- ACTIVE
- Last content update: 2023
Who should take this exam?
This exam is typically taken by Fraud examiners and Internal auditors.
Requirement: ACFE Membership; Description: Must be an active ACFE member to apply for and maintain CFE credential
Requirement: Points-Based Qualification System; Description: Must accumulate 50 points from education and professional experience (40 points for bachelor's degree, 10 points for 2 years fraud-related experience, etc.)
Requirement: Professional Character; Description: Must be of high moral character and agree to abide by the ACFE Code of Professional Ethics
- Minimum 2 years of fraud-related professional experience
- Familiarity with accounting, auditing, or investigative concepts
- Understanding of legal and regulatory frameworks