Together, Reducing Fraud Worldwide
CFE Skill SetThe 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 ExamplesExternal AuditorInternal AuditorForensic AccountantAudit SpecialistInformation Systems AuditorAudit ConsultantManagement ConsultantTechnical SpecialistFinancial AnalystFinancial SpecialistSpecial AgentPrivate InvestigatorLegal InvestigatorSecurity ConsultantDirector of Loss PreventionFraud AnalystFraud InvestigatorRisk ManagerTax ManagerBankruptcy AnalystCompliance Officer
Industries with Highest Percentages of CFEs
Public Accounting, Accounting, and Bookkeeping
Services Management ConsultingFinancial
Banking & Financial InstitutionsInsurance Carriers, Agents, ServicesGovernment
State and ProvincialFederal and National
Types of Services Performed
Examine records for fraudInterview suspectsWrite reportsPresent investigation findingsTestify in courtConduct background checksInvestigate employee theftForensic accountingData recoveryConflict of interest investigationsInsurance claim investigationsFinancial statement analysisBusiness valuationCalculate damagesLitigation supportCorporate investigationsLocate hidden assetsReconstruct accounting recordsComputer forensicsTransaction analysisReview of financial statementsLitigation support
Compensation of CFE Professionals
The 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.
How Does the CFE Support Your Career?
CFE Skill Set
Resources for Passing the CFE Exam
Test Your Knowledge
Frequently Asked Questions
© 2013 Association of Certified Fraud Examiners, Inc. All rights reserved.