Pass CFE Fraud Examiner – Financial Transactions and Fraud Schemes Exam Online & Pay After Pass

The Certified Fraud Examiner (CFE) credential, administered by the Association of Certified Fraud Examiners (ACFE), is a globally recognized professional qualification that signifies expertise in the anti-fraud field. While not a standalone certification, the Financial Transactions and Fraud Schemes section is a core component of the comprehensive CFE exam, testing a professional’s understanding of fraudulent financial activities, accounting principles, fraud schemes, and internal controls. Earning the CFE certification is vital for career advancement, distinguishing professionals in demanding roles such as forensic accounting, internal auditing, compliance, and fraud investigation. The credential offers enhanced career prospects, higher earning potential (an average of 34% more than non-certified peers), and global recognition. To pursue this respected qualification, candidates must meet specific prerequisites, including a minimum of a bachelor’s degree and relevant professional experience, and agree to abide by the ACFE’s Code of Ethics. The rigorous multi-part exam, including the Financial Transactions and Fraud Schemes section, ensures that certified individuals possess the comprehensive skills and knowledge required to prevent, detect, and deter fraud effectively.

The CFE examination, a critical step in obtaining this valuable accreditation, can be taken conveniently online through remote proctoring, allowing candidates to complete the exam from home. Alternatively, candidates can opt for a testing center for an in-person experience. It is crucial for candidates to rely on official and recommended study materials when preparing for the exam. Avoiding unofficial ‘brain dumps’ is highly advised, as exam questions are frequently updated, and these unauthorized resources often contain inaccurate information, leading to inadequate preparation and a high risk of failing the exam. The integrity of the certification is maintained through strict security measures and the ACFE actively works to combat the use of unauthorized materials. For those exploring exam help or contemplating hiring someone to do their exam due to the exam’s challenging nature and the need for accurate, up-to-date knowledge, understanding the format and relying on legitimate resources is paramount to achieving this significant professional credential.

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Frequently Asked Questions

Covering over 500+ of the top IT certifications around the world, we’re certain we have what you’re looking for.

The cost to take the CFE exam, which includes the Financial Transactions and Fraud Schemes section, is part of the overall CFE Exam Application fee, which is $475. This fee covers your first attempt at each of the four exam sections. Exam fees for certifications vary by country and also influenced by local taxes and currency exchange rates.

The Financial Transactions and Fraud Schemes section is one of four sections of the CFE exam. You are allotted two hours to complete this section.

The Financial Transactions and Fraud Schemes section of the CFE exam consists of 100 questions.

To pass the CFE exam, including the Financial Transactions and Fraud Schemes section, candidates must score 75% or higher on each of the four sections.

The CFE exam, including the Financial Transactions and Fraud Schemes section, is live-proctored and can be taken online through remote proctoring or in person at a testing center.

To be eligible to take the CFE exam, you must be an Associate Member of the ACFE in good standing and meet minimum academic and professional requirements. Generally, this requires a bachelor's degree (or equivalent) and professional experience related to fraud. Eligibility is determined by a points system, and you need a minimum of 40 points to take the exam.

This section tests your understanding of fraudulent financial activities. Topics include basic accounting and auditing theory, various fraud schemes (like financial statement fraud, asset misappropriation, bribery, and corruption), internal controls, and other related accounting and auditing matters.

The CFE certification is valid as long as you maintain your ACFE membership in good standing and fulfill continuing professional education (CPE) requirements annually (at least 20 hours of CPE, with specific requirements for fraud detection/deterrence and ethics).

The CFE certification exam consists of four sections, including Financial Transactions and Fraud Schemes. Each section is a separate, closed-book, closed-notes exam with 100 multiple-choice and true/false questions, with a two-hour time limit per section.

The ACFE recommends using their official study materials, such as the CFE Exam Prep Course and the Fraud Examiners Manual, which is the source of knowledge for all subject matter on the exam.

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