WHAT IS THE ASSOCIATION OF CERTIFIED FRAUD EXAMINERS?
The Association of Certified Fraud Examiners is an international 80,000-member, professional organization dedicated to fighting fraud and white-collar crime. With offices in North America and Europe - and chapters around the globe - the Association is networked to respond to the needs of anti-fraud professionals everywhere.
WHAT IS A CERTIFIED FRAUD EXAMINER?
A Certified Fraud Examiner (CFE) is a specialist educated and trained in the detection and deterrence of a wide variety of white-collar crimes. All CFEs must meet the rigorous criteria for admission into the Association of Certified Fraud Examiners. Thereafter, they must exemplify the highest moral and ethical standards and must agree to abide by the Association's Code of Professional Ethics.
WHO BELONGS TO THE ASSOCIATION OF CERTIFIED FRAUD EXAMINERS?
Members of the Association specialize in a wide range of fields, including fraud investigation; criminology; internal and external auditing; loss prevention and security; forensic accounting; law; law enforcement; investigation at the local, state, and federal levels; education; and others, as well as students of these fields.
HOW DO I BECOME A CFE?
Becoming a Certified Fraud Examiner is not an easy task. Only Associate Members of the ACFE can be eligible for certification. To achieve the CFE designation, you must meet the following requirements:
- Be of high moral character
- Meet the minimum academic and professional requirements
- Pass the Uniform CFE Examination
- Maintain required Continuing Professional Education (CPE)
- Agree to abide by the Bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners
Further details on how to become a CFE can be found by going to the Become a Member page of the ACFE website.
If you meet the requirements, you may begin preparing for the CFE exam. The ACFE offers a self-study course and a 4-day, instructor-led course. Candidates may also study on their own using the Fraud Examiner's Manual.
Finally, you will apply for and take the CFE Exam. The CFE Exam tests your knowledge and expertise in the four primary areas of fraud examination:
- Financial Transactions & Fraud Schemes
- Fraud Prevention & Deterrence
The National ACFE's website outlines detailed steps on becoming a CFE (the application process, preparing for the exam, etc.).
WHERE AND HOW OFTEN IS THE CFE EXAM OFFERED?
The CFE Exam was designed to be convenient for professionals with hectic schedules. The entire exam is administered on your computer in your own office or home using a browser to connect via a link.
WHAT IS THE BEST WAY TO PREPARE FOR THE CFE EXAM?
Each individual has their own learning style. If cost is not a constraint, the 4-day, instructor led course is recommended. The CFE Exam Prep self-study course is less costly and provides software to structure the preparation, including practice tests. The least costly option is to read and study the Fraud Examiners Manual.
WHERE CAN I LOOK FOR CFE JOBS?
The ACFE website provides a list of current job openings and other job-related tools such as job alerts and posting your resume. Non-members have limited access. To reach the career center and job board, click here.
DO I HAVE TO BE A MEMBER OF THE ACFE NATIONAL TO JOIN THE ST. LOUIS CHAPTER?
No, you do not.
WHAT ARE THE BENEFITS OF CHAPTER MEMBERSHIP?
Certified and associate members of the Association of Certified Fraud Examiners are eligible for chapter membership. Chapter membership costs $30 annually or $15 for students and retirees. Membership includes an annual free networking event, reduced cost for the bi-monthly chapter meetings and events, and helps support chapter events and scholarships. Other benefits include the opportunity to network with local area fraud professionals and gain professional organization experience by volunteering with the chapter.
WHERE CAN I FIND THE ST. LOUIS CHAPTER APPLICATION FORM?
You can join our local chapter by clicking here.
HOW DO I CONTACT THE NATIONAL ORGANIZATION TO JOIN?
You can visit their website at www.acfe.com, contact [email protected], or call 800-245-3321.
WHAT ARE THE CONTINUING PROFESSIONAL EDUCATION (CPE) REQUIREMENTS?
CFEs must obtain a minimum of 20 hours of Continuing Professional Education (CPE) every year to stay current in their profession. At least 10 hours must be related to the detection and deterrence of fraud and 2 hours must relate directly to Ethics. CFEs are required to certify CPE compliance by the end of their anniversary month either (1) online or (2) by calling a Member Services Representative at (800) 245-3321 (USA & Canada only) or +1 (512) 478-9000. A CFE's anniversary month is the month membership is renewed each year.
WHAT ARE SOME EASY WAYS TO OBTAIN CPES?
- Attend local Chapter events
- Attend the annual Institute of Internal Auditors (IIA) / ACFE Multi-Track event in March
- Refer to the ACFE website for various training options, including self-study
- Take the quiz in the monthly ACFE Fraud magazine
HOW CAN I GET A COPY OF MY CPE CERTIFICATE?
If you have not received a CPE certificate within two weeks of attending a chapter event, please contact us.
I REGISTERED FOR AN EVENT, BUT AM UNABLE TO ATTEND. WHAT DO I DO?
If prior to the cancellation date, email your full name, event title, date, and the reason for the cancellation to [email protected]. We will refund your registration in the same way you originally paid. If you do not cancel your registration and you do not attend the event, you will not receive a refund. If on or after the cancellation date, you may have someone attend in your place. The St. Louis ACFE asks that you notify the Chapter at [email protected] so that we can adjust the registration records accordingly.
HOW DO I UPDATE MY CONTACT INFORMATION FOR THE ST. LOUIS CHAPTER?
HOW DO I UPDATE MY CONTACT INFORMATION AT ACFE HEADQUARTERS?
Members can change their own information by going to the ACFE website and logging in to the Members Only area. Changes take about 24 hours to be completed.