CFE EXAM Coach Newsletter
July 2013

Dear John Smith,

 

 

As the fraud examination profession continues to gain momentum worldwide, pursuing the CFE credential is now more beneficial to your career than ever before. If you are currently on the path to certification, you probably have many questions. How does the certification process work? What do I need to do? How do I carve time out of my busy schedule to study? This monthly newsletter addresses your questions and concerns, while providing you with helpful tips, insight, and examples.

I am your resource to help you stay on track toward your CFE certification. Please feel free to contact me anytime.

CFE EXAM Coach Newsletter

Good luck,
CFE EXAM Coach NewsletterAngela R. Archie, CFE

CFE Exam Coach

Study Tips

 

TIP #1 - Preparing for the CFE Exam begins with a conscious decision to start studying. We recommend that you begin studying with your strongest area to develop a comfort level with the material and the Prep Course process. To begin a session, select one of the four main sections and begin answering the questions. After you choose an answer and click the Submit Answer button, the answer you chose, along with the correct answer, will be displayed in a bar in the middle of the screen.

TIP #2 -  Do I have to take the Pre-Assessment? No, you do not have to take the Pre-Assessment; it is optional and can only be taken one time. It is designed to identify your topical strengths and weaknesses, which will allow you to structure your work with the CFE Exam Prep Course effectively and efficiently.

TIP #3 - The Fraud Examiners Manual gives you a more detailed explanation of the answer to each study question. ,

 

In this videoACFE Vice President - Education, John D. Gill, J.D., CFE, offers advice on how to take advantage of the Fraud Examiners Manual, which is included with your CFE Exam Prep Course.

TIP #4 - Stay focused. This is the key to a good understanding. If you are studying at home, choose an area that will serve as your study headquarters. Make sure you have good lighting, minimal distractions, and enough room to be comfortable. Disconnect your home phone, turn off your cell phone do whatever you can to stay focused on your studies.

Upcoming CFE Exam Review Courses

 

Chicago, IL
August 26 - 29, 2013

Washington, DC
September 9 - 12, 2013

New York, NY
October 7 - 10, 2013

Austin, TX
November 4 - 7, 2013

 

CFE Highlight

This month we highlight CFE Exam Review Course participant Leah Lewis. Ms. Lewis shares her experience of how she prepared for the CFE Exam.

Congratulations to all members who became Certified Fraud Examiners in the last 60 days. More

 

Study Tips

Did You Know?

ACFE Members can receive a 10% discount and receive $75 off any ACFE training event by enrolling in the Auto Dues Service. With this service you will be able to save time and set up your membership dues to be paid automatically. Call Member Services for more information: (800) 245-3321 or +1 (512) 478-9000.
Sign up today and save!

 

CFE EXAM Coach Newsletter
Prep Forum

Visit the CFE Exam/Prep Discussion Group to exchange ideas about studying for the CFE Exam. Log in to reply or post your own question. Take a look at recent posts:

Topic: CPE Prep Course (International vs. US Version)

Post: Anyone has concern about which version should buy for self-study? I want to know the difference between these two versions: CFE staff informed me that US/Canada versions "are written specifically for the legal environments in each respective country."

I assumed this means the difference is only in the Law section. For the other three sections, they are the same. Am I correct?

If this is the case, what is the content in the International Law section?

I am eager to know about it because I have a dilemma here: I am working out of the US now, for a US company, and it is very likely I will go to the US or Canada to pursue my future career in about one year. Therefore, it is really hard for me to decide which version I should take.

Please help.

Response: Dear Yan Ma, Thank you for your question. Yes, the other three sections are essentially the same. If you are not sure which country you will be working in primarily, I would suggest that you purchase the International edition. Instead of focusing on laws specific to a country (like the US and Canadian editions do) the International Edition focuses on broad legal concepts that are applicable many places around the world.

If you have any additional questions, please call us at +1 512-478-9000 or email us at memberservices@ACFE.com.

Best regards,

Justin Dillon, CFE
Member Services Assistant Manager
Association of Certified Fraud Examiners

Submitting Your CFE Application

1. Fill out the certification application. You may also apply online by using the following link: Apply Online

2. Include proof of your education.

3. Include three CFE Candidate Recommendation Forms.

4. Submit application and documents to Membership Admissions at ACFE Headquarters.

5. Attach a passport-size photo of yourself to the application form.

Click here for more information about the application process.

Bookstore Feature

Data Analysis for Corporate Fraud Risk

ACFE Member Price: U.S. $25 Non-Member Price: U.S. $29

CFE EXAM Coach Newsletter
Fraud IQ Test

IQ #1 - During a fraud risk assessment, the assessment team should consider:

 

A. Internal controls that might have been eliminated due to restricting efforts
B. Opportunities for collusion
C. The inherent limitations of internal controls
D. All of the above

 

IQ #2 - According to the COSO Internal Control model, an organization's information system should provide channels for upstream communication.

 
A. True
B. False

 

IQ #3 - Which of the following is NOT one of the steps an organization should take as part of the risk assessment process, as laid out by COSO?

 

A. Ongoing monitoring of the risk management strategy

B. Analyzing potential risk of violations

C. Setting organizational objectives
D. Developing a strategy to manage risks

 

 

Online Courses

Now available in a convenient online format. Expand your anti-fraud knowledge with our comprehensive self-study CPE courses written by the ACFE Research Team and other anti-fraud experts.

These self-paced courses allow you the flexibility to study at anytime from anywhere you have Internet access.

Visit us online: ACFE.com/Shop

FAQ

Get answers to the most frequently asked questions about the CFE Exam Prep Course, including tips on installing the program, exporting files, and more.

 

Contact the Coach

Ask questions or make suggestions. As your dedicated CFE Coach, I am available to answer all of your questions about the CFE Exam. You may send me an email or call me at (800) 245-3321 / +1 (512) 478-9000.

Member Resources

Local Chapters
ACFE chapters are organized by members who reside in a particular geographic region (i.e., a city or country) and share an interest in the detection and deterrence of fraud.

Study Tip Archives
Click Here to view videos of study tips from previous editions of the CFE Exam Coach Newsletter.

Share This Resource

Search ACFE's online resource for fraud articles and information. Click here.

CFE EXAM Coach Newsletter

The Association of Certified Fraud Examiners is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 65,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. 
Visit ACFE.com for more details.

The CFE Exam Coach Newsletter is published once a month by the Association of Certified Fraud Examiners. Click here to be removed from the ACFE's CFE Exam Coach mailing list. Please allow five business days for unsubscribe requests to be processed. To begin receiving your own copy of the CFE Exam Coach Newsletter, please click here to subscribe..

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