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USA
Certified Fraud Examiner (CFE) Examination
600 questions
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About this exam
The Certified Fraud Examiner (CFE) Examination is ACFE’s professional certification exam for people who investigate, detect, and prevent fraud, including auditors, accountants, compliance specialists, investigators, and financial-services professionals. It is not a general banking license or an entry-level hiring test; candidates pursue the CFE credential to demonstrate fraud-examination knowledge. In banks and insurance organizations, that knowledge can apply to employee misconduct, customer and claims fraud, financial reporting concerns, and investigations involving suspicious transactions.
The CFE exam covers four sections: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. Candidates take and pass each section separately. For a bank or insurance focus, review financial statement fraud, asset misappropriation and inventory fraud, corruption and conflicts of interest, and billing, disbursement, and payroll schemes. Preparation calls for understanding how schemes work and how evidence is investigated—not just memorizing terms. Check ACFE’s current exam materials for the latest format, policies, and certification requirements.
How to prepare for the CFE Examination
- Map your study plan to all four exam sections, then give extra review time to financial transactions and schemes relevant to banks and insurers, such as claims fraud, inventory theft, billing schemes, and financial statement manipulation.
- Use timed multiple-choice practice to identify weak areas, explain why each answer is right or wrong, and revisit the underlying concepts rather than memorizing answer patterns.
- Use the current ACFE CFE Exam Candidate Handbook and official preparation materials to confirm the exam structure, eligibility rules, policies, and recommended topic coverage.
FAQ
Who is eligible to take the CFE Examination?
Eligibility is based on ACFE membership and a point-based assessment that considers education and professional experience. Certification also has professional-experience and other requirements. Because requirements can change, review the current ACFE Candidate Handbook before applying.
What is the format of the CFE Examination?
The exam has four separately completed sections: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. It is administered as a computerized exam. Check ACFE’s current materials for details about timing, question format, and exam policies.
What subjects should I study for the CFE exam?
Study all four exam sections, including fraud schemes and financial transactions, legal aspects of fraud, investigative methods, and fraud prevention and deterrence. Candidates interested in banking or insurance should also review topics such as claims and billing schemes, asset misappropriation, corruption, and financial statement fraud.