CFE EXAM Coach Newsletter
October 2013

Dear John Smith,



Whether you are at the beginning or the end of your journey toward becoming a CFE, as your dedicated CFE Coach, I will help you with tips and encouragement along the way. CFEs who recently passed the Exam agree that the CFE Exam Prep Course is the best study tool available. The CFE Exam Prep Course software is designed to evaluate your strengths and weaknesses, helping you better prepare for the CFE Exam. It also provides instantaneous scoring, full-text answers for every question, and the flexibility of completing the course on your schedule.


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



CFE EXAM Coach Newsletter

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

CFE Exam Coach

Study Tips


TIP #1 - How do I begin studying with the CFE Exam Prep Course?

First, we recommend you begin the Prep Course by answering all questions in the database correctly at least once. If you incorrectly answer a question, it will return to the question pool and you will be asked it again at a future time.

As an option, you may start by taking the Pre-Assessment. The Pre-Assessment 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 #2 - Is it true or is it false?

If any part of the question is false, then the entire statement is false. However, if part of a statement is true, the entire statement is not necessarily true. Read through each statement carefully and pay attention to the qualifiers and keywords.

Study Video




ACFE Program Director, Bruce Dorris, offers advice on how to take an active role in studying. The questions on the CFE Exam Prep Course mirror the format of the CFE Exam itself.

TIP #3 - You should guess when you are not sure. Why?Because if there are four answer options, you have a one-in-four chance of getting that question right. If you have ruled out one or two options as wrong, your chances are even higher. But if you do not guess, you have no chance at all. If you guess five times, you might get one or two more right.

TIP #4 - Motivation. Make sure that you prepare well in advance before taking the CFE Exam so that you can focus all your energy on doing well. Follow up on the priorities you have set for yourself, and don't let others, or other interests, distract you from achieving your goal to become a CFE.

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

Upcoming CFE Exam Review Courses

Austin, TXsold out
November 4 7, 2013

Miami, FL

January 27 – 30, 2014

Las Vegas, NV

February 24 – 27, 2014

Washington, DC Details coming soon

March 17 20, 2014

Phoenix, AZ

April 28 – May 1, 2014

New York, NY

July 14 17, 2014

Chicago, IL

August 18 21, 2014

Nashville, TN - Details coming soon

October 27 30, 2014


Austin, TX
November 4 7, 2013

CFE Highlight

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

Did You Know?

When taking the CFE Exam, you can review a section in the CFE Exam Prep Course before taking that Exam section, but once you start the Exam, you cannot flip back and forth between the Prep Course and the Exam.


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.

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: CFE References

Post: Just curious what happens to a timed out question. If it has been answered, will the answer be judged and if so counted in the total score. Or will the question is canceled all together?

Response: Dear Shahrukh, thank you for your question. If you have selected an answer and the question times out before moving to the new question, whichever answer you selected will be judged and will be counted in the total score. The question is NOT canceled altogether unless you did not select any answer prior to the question timing out.

If you have any additional questions, please contact Member Services at 1 800-245-3321 or +1 512-478-9000.


Best regards,


Justin Dillon, CFE
Lead Member Services Representative
Association of Certified Fraud Examiners

Study Tips


The August 2013 CFE Frame Winner is Peyton F.

Quiz question:

If two or more defendants in the same case are indicted separately, they must be tried separately.

A. True
B. False

The correct answer is:
B - False

Sometimes the prosecution will seek to try several defendants at once. It does not matter how they were indicted. If the prosecution tries to consolidate these trials, the defendants can file a motion for severance requesting the judge to grant separate trials.

*There will be more chances to win a CFE Frame in future CFE Exam Coach Newsletters.

CFE EXAM Coach Newsletter
Fraud IQ Test

IQ #1 - If any part of a substantial tax underpayment is the result of fraud, then which of the following penalties might be assessed by the Internal Revenue Service?

A. 25 percent of the underpayment
B. 75 percent of the underpayment

C. 50 percent of the underpayment
D. 100 percent of the underpayment


IQ #2 - All of the following are basic methods used to prove illegal payments EXCEPT:


A. Secretly infiltrating ongoing transactions
B. Turning on an inside witness

C. Making inquiries of the Internal Revenue Service (IRS)
D. Identifying and tracing through audit steps


IQ #3 - The difference between tax avoidance and tax evasion is:


A. The former is unlawful and the latter is lawful
B. There is no difference because neither is lawful
C. The former is civil and the latter is criminal
D. The former is lawful and the latter is unlawful



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:


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 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..

Association of Certified Fraud Examiners, ACFE, the ACFE logo, CFE Exam Prep Course, Certified Fraud Examiner and CFE are trademarks owned by the Association of Certified Fraud Examiners, Inc.

ACFE Global Headquarters: 716 West Avenue, Austin, TX, 78701-2727 USA

© 1988-2013. All rights reserved.