CFE EXAM Coach Newsletter
May 2013

Dear John Smith,

Everyone has a different learning style that works best for them. Some people find success studying on their own, but many people prefer face-to-face instruction. If you are best motivated in a live classroom environment that allows you to ask questions and bounce ideas off others, the ACFE has a course just for you. The CFE Exam Review Course is a 3½-day, instructor-led learning event that will provide you with the essentials you need to pass the CFE Exam and become a Certified Fraud Examiner. This course, in combination with the CFE Exam Prep Course software, will provide you with an unbeatable combination for passing the exam.

Another benefit is that upon completion of the CFE Exam Review Course, you may now sign up to take the CFE Exam and earn your CFE credential within days. You will have on-site access to coaching and counseling from ACFE instructors as well as the CFE Exam Coach.

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 - Read each question carefully. While answering questions in the CFE Exam Prep Course it is important that you read all of the options and not stop when you come upon one that seems likely. If you are not certain of an answer, guess... but do so with caution. Eliminate some choices you know are incorrect, and then relate each remaining answer choice back to the question to see if it fits. Narrow down the choice to one or two alternatives, and then compare them and identify how they are different. Finally, make an informed choice.

TIP #3 - Answer all questions to the best of your knowledge. You should guess when you are not sure. Why? Because if there are four possible 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 - Qualify for the Money-Back Pass Guarantee. To qualify for the Money-Back Pass Guarantee, you are required to answer each question at least once. In addition, you must earn a score of 85% or better on all four sections of the practice exam.

ACFE Vice President - Education, John D. Gill, J.D., CFE, offers advice on how to qualify for the Money-Back Pass Guarantee as you prepare for the CFE Exam.

TIP #5 - Study intensively. If you only casually look at your material, you will only casually remember it. Your memory will usually help you to recall your strengths. What you knew yesterday, you will know tomorrow for the Exam. However, if you don't know it now, you can't expect to recall the information at Exam time. Study more intensively now to improve your knowledge base and to improve your chances of passing.

Upcoming CFE Exam Review Courses


Los Angeles, CA
July 22 - 25, 2013

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 Paul Vanek, CFE. Mr. Vanek shares his experience of how he prepared for the CFE Exam.

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



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..


Study Tips

Take the CFE Exam Coach Newsletter Quiz for a chance to WIN a FREE CFE Frame

Quiz question:
In cross-examination of an expert witness, the opposing counsel often will use the "Is it not true?" and "Would you agree with me?" approach. This technique of cross-examination is called:

A. Contradictory approach
B. Opposing sides theory
C. Sounding board
D. Hypothetical questions

** To qualify for a free CFE Frame, you must email the correct answer by June 10, 2013. Drawing will take place on June 12, 2013.

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 Exam Review Course

Post: Hi All, I just started studying for the exam with the Pre-Assessment test first, and am working my way thrugh the review questions. My question is: if I complete all the review questions in any section, can I still work on reviews afterwards? Say I finished all the questions, but I want to do another review from the same section, three weeks later. Does the module start all over again?

Thank you,

Response: Dear Adrian Bita, thank you for your question. Anytime you go to the Review Sessions tab, there are 4 options with different choices to choose from.

Option 3 says: "Include questions previously:" and then you have the follow options "Unanswered, Incorrectly Answered, Marked, and Correctly Answered."

If you would like to the review the questions again after you have answered them all, just click the box for Correctly Answered and then start a review session.

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

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

Faces of Fraud: Cases and Lessons from a Life Fighting Fraudsters

ACFE Member Price: U.S. $35 Non-Member Price: U.S. $49

CFE EXAM Coach Newsletter
Fraud IQ Test

IQ #1 -_______________ is comprised of the basic laws of rights and duties. When people refer to something that is "against the law," they are usually referring to this type of law.


A. Common law
B. Statutory law
C. Substantive law
D. Procedural law



IQ #2 - _______________ is the wrongful taking and carrying away of the personal property of another with the intent to convert it or to deprive the owner of its use and possession.


A. Conversion
B. Theft
C. Larceny
D. None of the above



IQ #3 - If the evidence clearly shows that a suspect has committed a crime, it is permissible for a Certified Fraud Examiner to testify that the suspect is guilty of that crime.


A. True
B. False




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
Discover what your local chapter can do for you! Click here for a list of ACFE Chapters around the world.

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.