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New CFE CPE Requirements
A new CFE's next step will be to earn CPE to maintain the CFE. It is important that CFEs obtain CPE of at least the minimum required amount every year to stay current in their profession. CPE Requirements CFEs will need to complete 20 hours per twelve month period. At least 10 of these 20 hours must relate directly to the detection and deterrence of fraud and at least 2 hours must relate directly to Ethics. Up to 10 CPE hours in excess of the minimum requirements may be carried forward from one CPE year to the next CPE year to meet the requirements of the following year. CPE credits earned prior to certification are not eligible for rollover, including the CPE earned from the CFE Exam Prep Course or the live CFE Exam Review Course. How much CPE do I need to earn and when is it due? A new CFE is exempt from CPE requirements from the day they become certified through their next anniversary month. Therefore, each new CFE will have a different exemption timeframe based on when they became certified and when their anniversary month occurs. For example:
Mark became a CFE in July 2009. His anniversary month is October. Mark is exempt for the remainder of the 2009 CPE October anniversary year which ends in his anniversary month of October 2009. Mark’s first reporting period to earn CPE will be the 2010 CPE year and will run between November 2009 and October 2010, based on his anniversary month.
Sally became a CFE in January 2010. Her anniversary month is July. Sally is exempt for the remainder of the 2010 CPE July anniversary year which ends on her anniversary month of July 2010. Sally’s first reporting period to earn CPE will be the 2011 CPE year and will run between August 2010 and July 2011, based on her anniversary month.
Bob became a CFE in December 2010. His anniversary month is January. Bob is exempt for the remainder of the CPE year the 2010 CPE January anniversary year which ends on his anniversary month of January 2011. Bob’s first reporting period to earn CPE will be the 2012 CPE year and will run between February 2011 and January 2012, based on his anniversary month.
Visit ACFE.com/CPE for your specific CPE requirements.
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