Calling Out CFE Delegates to Avail the Last Chance of Three Attempts Benefit!
- July 1, 2021
- Posted by: Netrika
- Category: Training and Certification
All these years, the risk and fraud industry has grown! While there are professionals who commit fraud, the Association of Certified Fraud Examiners (ACFE) is consistently paving way for the professionals who desire to make their careers in the anti-fraud industry. Through anti-fraud training and learning, ACFE aspires to increase the knowledge of anti–fraud professionals and support them worldwide. ACFE was laid down with the foundation to encourage students to pursue careers in the anti-fraud industry, clear the fraud examiner exam, and provide resources for research on the detection and deterrence of fraud in organisations.
The CFE credential is a powerful acronym for anti-fraud professionals as it levels up their designation and takes them a step further ahead in their professional life. The CFE credential denotes one’s expertise in fraud prevention, detection, and deterrence.
Through the four days of intensive training by ACFE authorised trainers at Netrika Consulting India, CFE delegates are trained to identify the red flags in any system that indicates evidence of fraud or fraud risk. After identifying the warning signs in a system, the fraud professional would mitigate and deter the chances of it with a strategic approach. According to the statistics, certified fraud examiners around the world help in the protection of the global economy by uncovering frauds and implementing processes to prevent fraud in the first place and then mitigate the risk and fraud in the industry.
The certified fraud examiner examination (CFE exam) is divided into four subjects. The four major disciplines comprise the fraud examination body of knowledge, i.e., Fraud Prevention and Deterrence, Financial Transactions and Fraud Schemes, Investigation, and Law.
Financial Transactions and Fraud Schemes — This subject test the understanding of the types of fraudulent financial transactions in accounting records.
Law — This subject ensures the familiarity with legal knowledge of conducting fraud examinations, including criminal & civil law (as applicable internationally), rules of evidence, rights of the accused & accuser, & witness matters.
Investigation — This subject teaches ways and means to conduct investigations in the right and ethical manner. It also deals with report writing which is very aspect of investigations.
Fraud Prevention and Deterrence — This subject tests the comprehension of why people commit fraud and ways to prevent it, and also controls need to be put to deter people from committing such frauds
The CFE certification impacts the bottom line of an organisation as CFEs tend to discover frauds 30% fasters than non-CFEs. Meanwhile, the delegates will be standing apart from their peers with their fraud examiner certificates. The CFE certificate increases the earnings of a professional as they earn 34% more than their non – certified colleagues. With global recognition, the CFE is accepted worldwide as the standard of excellence in the anti-fraud profession. Therefore, it enhances the marketability and job security of an anti-fraud professional internationally.
Meanwhile, the ACFE will soon be changing the current rule of three retakes to a single attempt from July 12. So, there is no point in waiting further to enrol for the course as very soon the chances of attaining CFE designation will be thinner and the cost of clearing the exam will be thrice than now.
Currently, the delegate gets three chances for all four subjects, and soon this advantage will be taken away!
Stop waiting for the next time, the right time is now!… Know more