How to Get CFE Certification

The Association of Certified Fraud Examiners has recognized the CFE (Certified Fraud Examiner) as a worldwide credential (ACFE). With the help of this qualification, a person gains the comprehensive professional knowledge necessary for fraud investigation, prevention, detection, and deterrence. Financial transaction and fraud schemes, law, investigation, and fraud prevention and deterrence are the four study areas that make up this qualification. Together, the four parts share a wealth of information on the mentioned activity, including the best practices, Dos and Don'ts, and numerous tools and strategies.

A step-by-step tutorial for how to get CFE Certification (Certified Fraud Examiner) is provided below:

Become a CFE Member

To take the exam and obtain your CFE certificate, you must join. To become an associate member, you must pay a nominal fee of $60. The cost of electronic membership is $60, which is enough to sit for the CFE Exam.

Create your Account

You will get an email from ACFE after paying your membership dues instructing you to access your account and establish your password by clicking the link in the email.

CFE Exam Application

After making an account. Great!! After login in, go to the "My account" area and select the "CFE Exam Application" tab on the fourth tab down. This tab displays the status of your application, which will progressively alter once you provide the necessary data and documents by using the "Edit" option.

Check your Eligibility

It is now time to "Prequalify and Purchase CFE Exam" by giving the necessary details on your school history and work experience. 40 points are required to sit for the test, and 50 points are required to receive a certification. When you provide your academic details and work experience, the site will instantly compute your score. In general, receiving your degree and having two years of professional experience will provide you the necessary points to qualify.

Also Read: CFE Certification Guide

Apply for Exam

Post your pre-qualification with the necessary points after submitting the aforementioned information. You must now pay a $450 examination fee for each of the four portions. Once you've paid the exam price, you'll be one step closer to receiving your certificate. You must provide three professional references together with your proof of education in the format required by ACFE. Any professional relation you have, such as an ex- or present coworker, your reporting manager, or a CFE, can sign a reference letter for you.

You must now be prepared for your exam since ACFE will only need five days to assess your application and give you the go-ahead to take the test.

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Give Your Exam

You will receive an email from ACFE with the subject line "Thank you for your interest in obtaining the CFE certificate." Your application to take the test has been approved, and it will be valid for two years from the day you submitted it. To take the CFE test during this time, you must keep your membership valid.

You have 60 days after your application is accepted to complete the four module papers. Any remaining modules will be deemed to have failed.

You will receive a link to schedule your examinations in the mail.

You can select a home-based test with online proctoring, in which case a proctor will be assigned to you and will assist you before, during, and after the exam. Remember that while the CFE is not at all an open book test, he or she will also be watching you during the exam to make sure you are not cheating at all.

You may also decide to go to a test center to take your examinations. You have a choice.

The dates and times for the tests must be chosen independently for each module.

GET THE EXAM SCHEDULE CONFIRMATION

You'll get an email letting you know when your exam is.

ATTEND THE EXAM

So now that you're prepared, it's time to take the test and do your best. It is significant to note that CFE advises against administering more than two tests in one day. You can deliver examinations back-to-back the next day, up to two exams per day, or take a break for a few days or weeks, but you must give all four exams within 60 days after the exam application's clearance.

As I previously indicated, you may take examinations whenever and anywhere you choose as long as you have a suitable Wi-Fi connection, laptop or computer, webcam, and microphone since your voice and video will be captured and analyzed before your results are announced.

You may arrange the components in any order you choose. The ACFE does not limit the number of people who can take the test to one to four.

Now that exam day has arrived, you are prepared, have turned on your computer, and are signed into your account. Each test will include 100 objective questions that must be answered in 2 hours without a break.

Each of the four components will follow a similar pattern.

You can finish the test after completing all four sections, and then ACFE will receive it and announce your results within a few more days.

You Have Passed All Four Sections Of CFE Exam.

This email will only be sent to you in a few days. With all your hard work that has paid off, you will have obtained this certification.

If the email said something else, don't panic; you have three chances to pass all four sections, and for each try, you must pay $100 for each section that you fail. Once cleared, a section cannot be provided again. In the unfortunate event that you are unable to pass all four portions in your combined three attempts, you will need to pay another $450 exam fee and retake all four sections.

Submitting the Declaration

You will now be required to submit a declaration form, which you must once more have a Chartered Accountant, a former or current coworker, or a CFE sign. Obtain signatures, then upload. The hard copy of your certificate and a charming CFE badge will be sent to you by postal mail when ACFE has additional 7–10 days to validate all the papers you have provided to date.