Together, Reducing Fraud Worldwide

  •  CFE Skill Set

    skill-set.jpgThe 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
    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 

     

    2013-compensation-guide-thumb.jpgThe ACFE's 2013/2014 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, Industry Insights Inc., and completed by 5,486 anti-fraud professionals worldwide. Professionals with the CFE credential earned 25 percent more in salary than professionals in comparable positions who do not hold the globally-preferred designation.

     

    The 2013/2014 Compensation Guide for Anti-Fraud Professionals is now available to the public as a FREE downloadable resource.