Fraud has been a part of human society since man can remember. However, with the rise of globalization and technology in recent decades, this fraud has become more sophisticated and difficult to identify and prevent. Studies conducted show that in 2022, 70% of financial institutions worldwide lost $500k+ to financial fraud. Other studies show that in the UK alone, more than £1.2 billion was stolen through fraud in 2022. Other than the loss of valuable funds, loss of reputation, distortion of financial markets, etc. are just some other negative effects of financial fraud that can plague a business, country, and its citizens.
Therefore, for any business, protection from fraudulent schemes and financial fraud is indispensable and is something that cannot be taken lightly. This gives rise to many opportunities for those individuals interested in building a career in financial fraud detection and prevention!
What is CFE Certification?
The Certified Fraud Examiner qualification is one of the leading professional qualifications in fraud prevention and is issued by the Association of Certified Fraud Examiners (ACFE). It is widely recognized in 165 countries due to its comprehensive syllabus that helps professionals develop high-level skills in the different types of fraud schemes and the different laws that help fight against them. To learn more about the CFE Designation, you can also read our blog on “What is CFE certification? Is CFE certification worth it?”.
Benefits of Becoming a Certified Fraud Examiner
Gaining the Certified Fraud Examiner (CFE) designation can be a valuable career move for individuals interested in the field of fraud detection and prevention. Here are five compelling reasons why you should become a Certified Fraud Examiner:
1. Specialized Expertise:
The CFE certification equips you with specialized knowledge and skills in fraud detection, prevention, and investigation. This expertise is highly sought after by employers in various industries, including finance, healthcare, government, and more. As a CFE designation holder, you will be well-equipped to tackle fraud-related challenges effectively.
2. Career Advancement:
The Certified Fraud Examiner course enhances your professional credibility and can open doors to career advancement opportunities. Many employers prefer or require the CFE certification when hiring for roles related to forensic accounting, internal auditing, risk management, and compliance. It can also lead to a higher earning potential.
3. Global Recognition:
The Certified Fraud Examiner qualification is recognized and respected worldwide. Whether you work in your home country or aspire to pursue international opportunities, having the CFE designation can help you stand out from your peers and be competitive in the global job market.
4. Diverse Career Options:
CFEs can work in a variety of industries and sectors, including corporate organizations, government agencies, law enforcement, consulting firms, and more. This flexibility allows you to choose a career path that aligns with your interests and goals, from investigating financial fraud to preventing cyber fraud.
5. Contribution to Ethical Business Practices:
By becoming a CFE, you play a vital role in promoting ethical business practices and protecting organizations from financial losses due to fraud. Your work can have a significant positive impact on the integrity and reputation of the organizations you serve.
In summary, becoming a Certified Fraud Examiner can provide you with several benefits as discussed above. It is a credential that can set you on a path to a rewarding and impactful career in the field of fraud detection and investigation.
How to obtain CFE certification?
The following are the steps that you must follow to become a Certified Fraud Examiner.
Step 1: Become a member of the Association of Certified Fraud Examiners.
Step 2: Prepare for the CFE exam – The best way to prepare for the CFE certification syllabus and gain training for the CFE exam is with the help of Certified Fraud Examiner online courses. This is best accomplished through professional training course providers like Delphi.
Step 3: Apply for the CFE exam – This involves proving you meet the CFE certification eligibility requirements. For this, candidates will have to provide supporting documents and proof of their education and work experience requirements. Additionally, candidates will have to pay registration fees. To learn more about the CFE certification fees, visit our website.
Step 4: Pass the CFE exams.
Once you have passed the CFE Exams and met the CFE certification eligibility requirements, candidates can then apply to receive their CFE designation. However, a very important part of this process is getting the right CFE certification training that covers the concepts tested in the CFE exam. This is where Delphi Star Training Center comes in.
We are a professional training provider approved by the KHDA to provide high-quality training for globally recognized certifications like the Certified Fraud Examiner Program.
We provide thousands of practice questions, mock exams, and quizzes developed by trainers from around the world to help you prepare for your CFE exam. This is made possible by our excellent Learning Management System (LMS) that ensures 24×7 access to our class recordings and learning resources. Our expert trainers also ensure that you are motivated to study and are always willing to answer doubts and clear any confusion.
Join us at Edudelphi Education to enjoy an excellent learning environment and enroll in our Certified Fraud Examiner certification online training program to enjoy the benefits of becoming a Certified Fraud Examiner!