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FAQ’s

No. ACFE conferences, seminars and self-study courses will provide you with Continuing Professional Education (CPE) credits, but will not affect the exam point system of becoming a CFE.

You can study on your own using the Fraud Examiners Manual and other additional reference materials.

The CFE Exam Prep Course focuses on four testing areas significant to the CFE Exam: Legal Elements of Fraud, Fraud Prevention and Deterrence, Financial Transactions, and Investigation Techniques. By providing typical exam questions, the program informs you whether your answer is correct and provides an explanation and study reference. The CFE Exam Prep Course contains 1,500 questions answers, and explanations. When you have answered all questions correctly and consistently scored at least 85% or more on the practice test for each section, you will be ready for the exam.

It will take approximately 10 hours to complete the CFE Exam. Each section is allocated a maximum of 2.6 hours to complete. Each of the four exam sections has 125 questions and you will have a maximum of 75 seconds to answer each question. You have 30 days to complete all four sections of the CFE Exam and return it to the ACFE for grading. You must complete each section in one sitting, but you do not have to complete all four sections at once.

You may take the CFE Exam any time during the year. When you have submitted your complete CFE Exam application and are prepared to take the CFE Exam you may request the exam. Your request for the CFE Exam will be fulfilled within 3-5 business days.

A photocopy of transcripts or certificates for any degrees earned and professional certifications acquired must be sent in along with your application. Translations will be required for any documentation not originally provided in English.

No. The CFE Exam Prep Course is designed for a single user, not for transfer or resale.

Yes. You can study for and take the CFE Exam even if you do not have two years of practical experience, as long as you reach the 40 point minimum on Section 2 of the exam application. However, please note that you will not become officially certified until you do have at least two years of practical experience either directly or indirectly related to fraud. Click here for full details.

No. CFE certification is a unique aspect of the ACFE.

Yes. The CFE credential is acknowledged globally and preferred by employers. Becoming a CFE immediately sets you apart from the competition and launches you to the top of your profession.

Fraud-related experience means that you have worked full-time in a position that contributes to the prevention, detection or deterrence of fraud. Fields related to fraud include: Accounting and Auditing, Criminology or Sociology, Investigation Techniques, Loss Prevention and Law. If you are unsure if your experience qualifies, please submit a brief summary with your application for review or click here for a more detailed explanation of the necessary qualifications.

The standards are set by the ACFE’s Board of Regents, who are elected by CFE members and drawn from our most experienced members.

No. The Certified Fraud Examiner (CFE) is a unique credential with its own requirements and standards. Your other certifications will be counted as part of the qualifying points system but will not automatically make you a CFE

Qualifications for becoming a CFE include having high moral character and meeting minimum professional and academic requirements