Certified Fraud Examiner (CFE) Preparation Course

Certified Fraud Examiner (CFE) Preparation Course

Attain the skills and knowledge needed to pass the CFE Examination

CFEs have a unique set of skills that are not found in any other career field or discipline; they combine knowledge of complex financial transactions with an understanding of methods, law, and how to resolve allegations of fraud. Fraud examiners are also trained to understand not only how fraud occurs, but why.

 

Get the skills and knowledge you need to pass the CFE Exam by attending the CFE preparation course. This 42-hour, instructor-led live-online course will help you acquire the knowledge and concepts tested on the CFE Exam. This course can be combined with the CFE Exam Prep Course software, that can provide you with a great combination for passing the exam. 

 

The Certified Fraud Examiner (CFE) credential is recognized by numerous leading organizations all over the world. Certified Fraud Examiners (CFEs) have a unique set of skills that is not found in any other career field or discipline. They combine knowledge of complex financial transactions with an understanding of methods, law, and how to resolve allegations of fraud. Fraud examiners are also trained to understand not only how fraud occurs, but also why.

 

The Certified Fraud Examiner (CFE) credential is recognized in the hiring and promotion policies of numerous leading organizations all over the world.

Three Modules

These modules are also offered as individual courses

Fraud Investigation, Fraud Prevention and Deterrence

Commences 29 October
  • The course examines and describes the main methods of investigation in fraud which includes collecting evidence analyzing data and various methods of collecting information and tracing illicit transaction.

Legal Elements of Financial Fraud

Commences 20 November
  • The course will bring together understanding of complex financial transactions with an insight to law, methods, and ways resolve allegations of fraud.

Financial Transactions & Fraud Schemes

Commences 21 December
  • The course examines general accounting concepts and describes hundreds of the most common employee defalcation schemes, including financial statement fraud, asset misappropriation, bribery and corruption schemes.

Register to the Full CFE Preparation Course

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Industry Expert

Panayiotis is a professional with 18 years-experience in the Banking and Insurance Sectors. He is currently the CEO of a Risk Management Services Company of a large Advisory Group which specialises in advising matters regarding Risk and Compliance. Panayiotis is a holder of CySEC’s AML and Advanced Certificates, a Certified Anti-Money Laundering Specialist (CAMS), a Chartered FCSI at the Chartered Institute of Securities and Investments (CISI), a member of the Project Management Institute (PMI), a member of the Institute of Risk Management (IRM), a member of the Association of Certified Chartered Accountants (ACCA) and member of the Association of Certified Fraud Examiners (ACFE). He is also a HRDA accredited trainer. Moreover, he is awarded with the ISO31000 Lead Risk Manager certification, which is the standard for best practices for managing risks in a structured risk framework. He is also an accredited trainer by PECB body awarding ISO certificates. Panayiotis holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA as a Fulbright Scholar, a Master’s in Business Administration (MBA) and a Master’s in Public Sector Management (MPSM).

Panayiotis Antoniou

Programme Information
  • October 29, 2021 | 17:00-20:45
  • November 03, 2021 | 17:30-21:00
  • November 05, 2021 | 17:30-21:00
  • November 10, 2021 | 17:30-20:45
  • November 12, 2021 | 17:30-20:45
  • November 20, 2021 | 09:00-15:00
  • November 27, 2021 | 15:00-20:30
  • December 21, 2021 | 16:30-21:00
  • December 22, 2021 | 16:30-21:00
  • December 28, 2021 | 16:30-21:00
  • December 29, 2021 | 16:30-21:00

HRDA Subsidised: 441 + 219.45 (VAT)

Non-HRDA Subsidised: 1,155 + 219.45 (VAT)
Special fee for individuals who are not paying via a company: €650 + VAT

  • Define main methods of collecting evidence
  • Obtain interviewing skills with regards to fraud investigation
  • Gather information with regards to fraud investigation
  • Learn about ethical responsibilities of fraud examiners
  • Understanding white-collar crimes.
  • Learn about fraud prevention programs
  • Learn about main accounting concepts.
  • Understand the types of financial statements.
  • Learn about accounting principles and standards.
  • Analyse and recognize financial statement fraud.
  • Recognize various types of fraud schemes.
  • Obtain an overview of the financial system
  • Learn about the civil and criminal justice system
  • Understand the main concepts of money laundering
  • Learn to apply basic principles of evidence collected

Fraud Investigation, Fraud Prevention and Deterrence

Analyzing evidence

  • Collecting Evidence
  • Data Analysis and Reporting Tools
  • Digital Forensics

Interviewing

  • Interview Theory and Application
  • Interviewing Suspects and Signed Statements

Gathering Information

  • Covert Operations
  • Sources of Information
  • Tracing Illicit Transactions

Investigation Procedures

  • Planning and Conducting a Fraud Examination
  • Report Writing

Financial Transactions & Fraud Schemes

Accounting Concepts

  • Accounts and the Accounting Cycle
  • Journal Entries
  • Accounting Methods

Financial Statements

  • Balance Sheet
  • Income Statement
  • Statement of Changes in Owners’ Equity
  • Statement of Cash Flows
  • Users of Financial Statements

Generally Accepted Accounting Principles (GAAP)

  • S. GAAP
  • International Financial Reporting Standards
  • Departures from Generally Accepted Accounting Principles

Occupational Fraud Schemes

  • Cash Receipts Schemes
  • Corruption
  • Financial Statement Fraud
  • Fraudulent Disbursements
  • Inventory and other assets

Other Fraud Schemes

  • Consumer Fraud
  • Contract and Procurement Fraud
  • Cyberfraud
  • Financial Institution Fraud
  • Health Care Fraud
  • Identity Theft
  • Insurance Fraud
  • Payment Fraud
  • Theft of Data and Intellectual Property

Legal Elements of Financial Fraud

Overview of the legal system

  • Bankruptcy (Insolvency) Fraud
  • Law related to Fraud
  • Money Laundering
  • Securities Fraud
  • Tax Fraud

Practice and Procedure

  • Basic principles of evidence
  • Individual rights during examination
  • Testifying

Punishing Offenders

  • The civil justice system
  • The criminal justice system
  • Internal & External Auditors
  • Accountants
  • Lawyers
  • Risk Managers & Compliance Officers
  • Chief Operating Officers & Financial Controllers
  • Executive Management
  • Accounting and financial professionals
  • Internal and external auditors of both public and private sectors
  • Business owners
  • Professionals in banks and other financial institutions
  • Compliance Officers
  • Fraud officers

The programme is designed to assist participants to investigate fraud cases and understand the ethic principles with regards to fraud examination but also how to prevent fraud. The course will also prepare the participants for the CFE examination. It will provide the participants with the appropriate skills to conduct investigations with regards to fraud but also help them understand the main principles required for fraud prevention.

Certified fraud examiners uncover, prevent, and deter fraud. On the job, they study financial records for discrepancies and collaborate with law enforcement to bring criminals to justice. In this latter role, they testify during trials and submit evidence. Independent research shows that when a company or organization hires certified fraud examiners, that company uncovers fraud much faster and recovers more money than companies that do not employ them.

The CFE Exam consists of four sections: Financial Transactions and Fraud Schemes, Law, Investigation and Fraud Prevention and Deterrence. Candidates have 2 hours to complete each section of the CFE Exam. Although the total exam time is approximately 8 hours, applicants have 30 days from when they receive their CFE Exam Keys to finish the exam. Applicants may take each section of the exam at their own convenience if all sections are completed by the end of the 30 days. Each CFE Exam Key expires 24 hours after it has been entered.

Like many organizations that grant professional certifications, ACFE requires candidates to meet education and experience standards. ACFE, however, uses a unique point system to determine when candidates can take the exam and apply for certification. Some professionals may qualify to sit for the certified fraud examiner exam but still need additional experience before earning certification. Click here to review the CFE exam requirements

 

Your eligibility to be certified is based upon a point system, which awards credit for education and experience. All candidates certified by exam must have a minimum of two years fraud-related professional experience and 50 points. All points claimed for education must be from a recognized institution of higher learning.  View the Eligibility Calculator

The CFE Exam and submit all your documentation one month before you plan to take the CFE Exam.The CFE Exam online application consists of four qualifying sections: Qualifications, Experience and Character, Signature Statement and Payment.

 

The cost to take the CFE Exam is $450. If you have purchased the CFE Exam Prep Course Software, the fee is $350.  Apply Online Here

 

If you are unable to apply online, you may download the CFE Exam application and submit it by mail or email. For applications sent via fax, mail or email, allow an additional 7-10 business days for processing. This time frame is in addition to mail delivery times.

To earn the CFE credential, the candidate will need to:

 

  • Meet the entry requirements,
  • Register as an Associate member of the ACFE,
  • Submit the CFE exam application with proof of education and professional recommendations,
  • Pass the CFE Exam and
  • Possess 2 years of professional experience either directly or   indirectly related to fraud. The ACFE recognizes the following areas as qualified professional experience:
    • Accounting and auditing
    • Criminology and sociology (sociology is acceptable only if it relates to fraud.)
    • Fraud investigation
    • Loss prevention (experience as a security guard or equivalent is not acceptable)
    • Law relating to fraud
    • Other experience can qualify, but must be reviewed for applicability.

ACFE Membership is open to individuals of all job functions, industries and levels of experience who are interested in the prevention, detection and deterrence of fraud. The ACFE mission is to support members by providing access to the knowledge, resources and training they need to do their job now and at every stage of their career. Find out more here

This programme may be approved for up to 42 CPD units in AML, Financial Regulation and Fraud. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

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