What topics are on the CFE-FT exam?

Accounting Concepts 7.5%

1.1

Fundamental Accounting Framework

4 subtopics

1.1.1The Accounting Equation

1.1.2Balance Sheet/Statement of Financial Position

1.1.3Income Statement Analysis

1.1.4Statement of Cash Flows

Learning Objectives

Understand the fundamental accounting equation and its application
Analyze financial statements for completeness and accuracy
Identify components and purposes of core financial statements
Recognize relationships between financial statements

1.2

Accounting Methods and Frameworks

2 subtopics

1.2.1Cash vs. Accrual Accounting

1.2.2Accounting Frameworks (GAAP, IFRS)

Learning Objectives

Distinguish between cash and accrual accounting methods
Understand major accounting frameworks and their applications
Recognize when different frameworks are required
Identify implications of framework selection on fraud detection

Domain Hands-on Skills

Reading and interpreting financial statementsCalculating key financial ratiosIdentifying accounting red flagsApplying accounting equation to transactions

Common Mistakes to Avoid

Confusing cash and accrual basis results
Misclassifying balance sheet items
Failing to understand GAAP vs. IFRS differences
Overlooking statement interrelationships

Financial Statement Fraud 7.5%

Asset Misappropriation: Cash Receipts 7.5%

Asset Misappropriation: Fraudulent Disbursements 7.5%

Asset Misappropriation: Inventory and Other Assets 3%

Corruption 7.5%

Theft of Data and Intellectual Property 7.5%

Identity Theft 3%

Financial Institution Fraud 7.5%

Payment Fraud 7.5%

Insurance Fraud 3%

Health Care Fraud 3%

Consumer Fraud 7.5%

Cyberfraud 7.5%

Contract and Procurement Fraud 7.5%

How do I earn the Cfe - Financial Transactions and Fraud Schemes certification?

Official Pathway Guidance

Track: Fraud Examination

Prerequisites

Required
Required
Required

Next Steps

Advanced CFE Specializations
ACFE offers specialized training and certificates in areas like healthcare fraud, cryptocurrency fraud, and digital forensics
Certified Internal Auditor (CIA)
Certified Information Systems Auditor (CISA)

Current Level

cfe-ftFinancial Transactions and Fraud SchemesRequired Section
cfe-lawLawRequired Section
cfe-investigationInvestigationRequired Section
cfe-preventionFraud Prevention and DeterrenceRequired Section

Alternative Paths

Certified in Financial Forensics (CFF)
Certified Forensic Accountant (Cr.FA)
Certified Anti-Money Laundering Specialist (CAMS)
Certified Computer Forensics Examiner (CCFE)

Career Progression

Entry Level Roles

Fraud Analyst
Compliance Analyst
Internal Auditor

Mid Level Roles

Fraud Examiner
Forensic Accountant
Fraud Investigator
Compliance Manager

Senior Level Roles

Chief Compliance Officer
Director of Internal Audit
VP of Fraud Prevention
Forensic Accounting Partner

Certification Maintenance

Recertification Options:
Complete 60 CPE credits over 3-year period (20 per year minimum)Maintain ACFE membership in good standingPay annual recertification feeAdhere to ACFE Code of Professional Ethics

How do I study for the CFE-FT Exam?

Practice the Cfe - Financial Transactions and Fraud Schemes with our Exam Simulator

Free practice questions, exam guides, and real exam‑style explanations in our Planet Cert simulator.

Official Resources

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Free Resources

CFE Exam Content Outline 2023PDF CFE Exam Candidate HandbookPDF ACFE Fraud Resource CenterWebsite ACFE Blog - The Fraud ExaminerBlog/Magazine

What's changed on this exam?

Technology Coverage

Cryptocurrency Fraud

Increasingly covered in Domain 13 (Consumer Fraud) and Domain 14 (Cyberfraud)

Generative AI Fraud Schemes

Expected to be integrated into Domain 14 (Cyberfraud) in future updates

Real-Time Payment Fraud

Covered extensively in Domain 10 (Payment Fraud)

Data Analytics and Benford's Law

Tested in Domain 2 (Financial Statement Fraud) for analytical procedures

Industry Trends

Remote work increasing insider threat risks (Domain 14 relevance)
Rise in procurement fraud due to supply chain disruptions (Domain 15)
Elder fraud schemes proliferating with aging population (Domain 13)
Financial statement fraud scrutiny increasing post-pandemic (Domain 2)
Healthcare fraud schemes evolving with telehealth growth (Domain 12)
Cryptocurrency fraud creating new examination challenges (Domains 13, 14)

Who should take this exam?

Required Prerequisites

Meet CFE eligibility requirements
Have a Bachelor's degree or higher from an accredited institution OR equivalent professional experience

Recommended Experience

At least two years of professional experience in fraud-related field
Understanding of basic accounting principles
Knowledge of fraud examination fundamentals

Experience Level: Intermediate

How do I register & what's the exam fee?

Exam Cost	$475 USD
Testing Centers	Prometric
Online Proctoring	Not Available

How long is the certification valid?

Valid For	3 years
Recertification	Earn 20 Continuing Professional Education (CPE) credits per year Maintain ACFE membership in good standing Pay annual recertification fee

Cfe - Financial Transactions and Fraud Schemes

What's Included

Complete Exam Package

Multiple Exam Modes

Lifetime Updates

Money Back Guarantee

Exam Details