CFE Skill Set
The CFE process focuses on four bodies of knowledge critical to the fight against fraud: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. 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
Information Systems Auditor
Director of Loss Prevention
Industries with Highest Percentages of CFEs
Public Accounting, Accounting, and Bookkeeping
Services Management Consulting
Banking & Financial Institutions
Insurance Carriers, Agents, Services
State and Provincial
Federal and National
Types of Services Performed
Examine records for fraud
Present investigation findings
Testify in court
Conduct background checks
Investigate employee theft
Conflict of interest investigations
Insurance claim investigations
Financial statement analysis
Locate hidden assets
Reconstruct accounting records
Review of financial statements
Compensation of CFE Professionals
The ACFE's 2015/2016 Compensation Guide is a comprehensive report on compensation for anti-fraud professionals in multiple industries, functional areas and levels of seniority. According to this guide, Certified Fraud Examiners (CFEs) are earning significantly more than non-certified professionals without the CFE credential.
The information contained here is based on a global salary survey conducted by an independent research group, Western Management Group, and completed by anti-fraud professionals worldwide. Professionals with the CFE credential earned 23 percent more in salary than professionals in comparable positions who do not hold the globally-preferred designation.
The 2015/2016 Compensation Guide for Anti-Fraud Professionals is now available to the public as a FREE downloadable resource.
How Does the CFE Support Your Career?
CFE Skill Set
Resources for Passing the CFE Exam
Test Your Knowledge
Frequently Asked Questions