Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
Last Update November 22, 2024
Total Questions : 141
Our Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence exam questions and answers cover all the topics of the latest Certified Fraud Examiner - Fraud Prevention and Deterrence Exam exam, See the topics listed below. We also provide ACFE CFE-Fraud-Prevention-and-Deterrence exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of ACFE CFE-Fraud-Prevention-and-Deterrence resources to help you understand the topics covered in the exam, such as Certified Fraud Examiner video tutorials, CFE-Fraud-Prevention-and-Deterrence study guides, and CFE-Fraud-Prevention-and-Deterrence practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.
| Exam Name | Certified Fraud Examiner - Fraud Prevention and Deterrence Exam |
| Exam Code | CFE-Fraud-Prevention-and-Deterrence |
| Actual Exam Duration | The ACFE CFE-Fraud-Prevention-and-Deterrence Exam is a computer-based exam that consists of 500 multiple-choice questions. Candidates are given 120 minutes to complete the exam. |
| What exam is all about | The ACFE CFE-Fraud-Prevention-and-Deterrence exam is a certification exam offered by the Association of Certified Fraud Examiners (ACFE) that tests the knowledge and skills of professionals in the field of fraud prevention and deterrence. The exam covers topics such as fraud prevention, detection, investigation, and reporting, as well as legal and ethical issues related to fraud. Passing the exam demonstrates a high level of expertise in fraud prevention and deterrence, and is recognized as a valuable credential in the field. |
| Passing Score required | The passing score required in the ACFE CFE-Fraud-Prevention-and-Deterrence exam is 75%. |
| Competency Level required | The ACFE CFE-Fraud-Prevention-and-Deterrence Exam requires a high level of competency in fraud prevention and detection. Candidates should have a strong understanding of fraud schemes, internal controls, risk management, and investigative techniques. They should also be familiar with legal and ethical considerations related to fraud prevention and detection. Additionally, candidates should have experience in the field of fraud prevention and detection, either through education or work experience. The exam is designed for professionals who are responsible for preventing, detecting, and investigating fraud in their organizations. |
| Delivery of Exam | The ACFE CFE-Fraud-Prevention-and-Deterrence exam is an online, computer-based exam. |
| Language offered | CFE-Fraud-Prevention-and-Deterrence Exam. However, based on the exam's content and purpose, it is likely that the language used in the exam is technical and specialized, with a focus on fraud prevention and detection terminology, concepts, and practices. The language may also include legal and regulatory terms related to fraud prevention and deterrence. |
| Cost of exam | You can visit the official website of ACFE to get the latest pricing information. |
| Target Audience | The ACFE CFE-Fraud-Prevention-and-Deterrence certification is designed for professionals who are involved in fraud prevention, detection, and investigation. This includes: 1. Fraud examiners 2. Internal auditors 3. Risk management professionals 4. Compliance officers 5. Law enforcement officials 6. Attorneys 7. Forensic accountants 8. Investigators 9. Security professionals 10. Financial analysts 11. Business owners and managers 12. Consultants The certification is suitable for individuals who work in various industries, including banking, insurance, healthcare, government, and non-profit organizations. It is also beneficial for those who want to enhance their knowledge and skills in fraud prevention and detection. |
| Average Salary in Market | The ACFE's 2020 Compensation Guide for Anti-Fraud Professionals, the median salary for Certified Fraud Examiners (CFEs) in the United States is $100,000. This can vary depending on factors such as location, industry, and experience. |
| Testing Provider | You can visit the official website of the Association of Certified Fraud Examiners (ACFE) to register for the exam and obtain study materials. Additionally, you can also check with authorized training providers or exam centers for further assistance. |
| Recommended Experience | According to the ACFE website, the recommended experience for the CFE-Fraud-Prevention-and-Deterrence exam includes a minimum of two years of professional experience in fraud prevention and deterrence. This experience can be in areas such as fraud examination, auditing, law enforcement, accounting, or other related fields. Additionally, candidates should have a strong understanding of fraud prevention and detection techniques, as well as the legal and regulatory environment surrounding fraud. |
| Prerequisite | To take the ACFE CFE-Fraud-Prevention-and-Deterrence exam, candidates must meet the following prerequisites: 1. Be an ACFE member in good standing. 2. Have a bachelor's degree or equivalent from an accredited institution. 3. Have at least two years of professional experience in fraud prevention, detection, or investigation. 4. Agree to abide by the ACFE Code of Professional Ethics and the Bylaws and Policies of the ACFE. 5. Submit two professional references. 6. Pass a background check. |
| Retirement (If Applicable) | It is recommended to check with the official website of ACFE or contact their customer support for the latest updates on the exam. |
| Certification Track (RoadMap): | The certification track or roadmap for the ACFE CFE (Certified Fraud Examiner) - Fraud Prevention and Deterrence exam includes the following steps: 1. Meet the eligibility requirements: Candidates must have a bachelor's degree or equivalent, two years of professional experience in fraud prevention and deterrence, and be a member of the Association of Certified Fraud Examiners (ACFE). 2. Study for the exam: Candidates must study the ACFE Fraud Examiners Manual and other recommended materials to prepare for the exam. 3. Register for the exam: Candidates must register for the CFE-Fraud-Prevention-and-Deterrence exam and pay the exam fee. 4. Take the exam: The CFE-Fraud-Prevention-and-Deterrence exam is a computer-based exam that consists of 125 multiple-choice questions. Candidates have four hours to complete the exam. 5. Pass the exam: Candidates must score at least 75% on the exam to pass. 6. Obtain certification: Once candidates pass the exam, they will receive the CFE-Fraud-Prevention-and-Deterrence certification from the ACFE. 7. Maintain certification: To maintain their certification, CFEs must complete 20 hours of continuing professional education (CPE) each year and adhere to the ACFE's Code of Professional Ethics. |
| Official Information | https://www.acfe.com/details-exam-preparation.aspx |
| Take Self-Assessment | Use ACFE CFE-Fraud-Prevention-and-Deterrence Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
| Section | Weight | Objectives |
|---|---|---|
| Financial Transactions and Fraud Schemes - | Tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters. | |
| Law | Ensures your familiarity with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser, and expert witness matters. | |
| Investigation | includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing. | |
| Fraud Prevention and Deterrence | Tests your understanding of why people commit fraud and ways to prevent it. Topics covered in this section include crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional Ethics. |
TESTED 22 Nov 2024
