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Nearly 50,000 anti-fraud professionals are members of the ACFE, and more than 20,000 of them have proven their dedication to the profession by obtaining the Certified Fraud Examiner credential. An indicator of expertise in the prevention, detection, and deterrence of fraud, the CFE is globally preferred among employers in both business and government.
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.
Click on a link below to find out how the ACFE supports the Certified Fraud Examiner careers of its many members:
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CFE Skill Set
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The CFE process focuses on four bodies of knowledge critical to the fight against fraud: Financial Transactions; Investigation, Law, and Criminology. CFEs have the ability to:
- Understand how fraud is committed and how it can be identified;
- Examine books and records to detect and trace fraudulent transactions;
- Interview suspects to obtain information and confessions;
- Write investigation reports, advise clients as to their findings, and testify at trial; and
- Understand the underlying factors that motivate individuals to commit fraud.
What do CFEs do?
Certified Fraud Examiners (CFEs) perform a variety of services in many different industries throughout all sectors of an organization. They are part accountant, part investigator, part attorney, and part criminologist.
Job Title Examples
- External Auditor
- Internal Auditor
- Forensic Accountant
- Audit Specialist
- Information Systems Auditor
- Audit Consultant
- Management Consultant
- Technical Specialist
- Financial Analyst
- Financial Specialist
- Special Agent
- Private Investigator
- Legal Investigator
- Security Consultant
- Director of Loss Prevention
- Fraud Analyst
- Fraud Investigator
- Risk Manager
- Tax Manager
- Bankruptcy Analyst
- Compliance Officer
Industries with Highest Percentages of CFEs
Service
- Public Accounting, Accounting, and Bookkeeping
- Services Management Consulting
Financial
- Banking & Financial Institutions
- Insurance Carriers, Agents, Services
Government
- State and Provincial
- Federal and National
Types of Services Performed
- Examine records for fraud
- Interview suspects
- Write reports
- Present investigation findings
- Testify in court
- Conduct background checks
- Investigate employee theft
- Forensic accounting
- Data recovery
- Conflict of interest investigations
- Insurance claim investigations
- Financial statement analysis
- Business valuation
- Calculate damages
- Litigation support
- Corporate investigations
- Locate hidden assets
- Reconstruct accounting records
- Computer forensics
- Transaction analysis
- Review of financial statements
- Litigation support
Compensation of CFE Professionals
According to the 2008 Compensation Guide for Anti-Fraud Professionals, the CFE credential correlates with significantly increased levels of compensation. On average, CFEs participating in the survey earned nearly 22% more than someone without the CFE distinction.
See our 2008 Compensation Guide for comprehensive compensation information for US based anti-fraud professionals.
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