Introduction

The Certified Fraud Examiner (CFE) designation is the premier credential for professionals committed to detecting, preventing, and deterring fraud. This comprehensive training course is tailored to prepare participants for the CFE exam by covering all four key sections of the Fraud Examiners Manual. The program combines expert-led instruction, practical insights, and exam strategies, ensuring participants are equipped to pass the CFE exam and excel in their careers as fraud examiners.

Course Objectives

By the end of this course, participants will be able to:

1. Understand the structure, content, and requirements of the CFE exam.
2. Master key concepts and principles across the four sections of the Fraud Examiners Manual.
3. Apply knowledge to real-world fraud scenarios through case studies and practice questions.
4. Develop effective test-taking strategies and time management skills for the CFE exam.
5. Gain confidence and competence to pursue a career in fraud prevention and detection.

Who Should Attend?

This course is ideal for:

• Aspiring fraud examiners preparing for the CFE certification exam.
• Auditors, accountants, and compliance professionals specializing in fraud prevention.
• Investigators and law enforcement officers involved in financial crimes.
• Risk management and corporate governance professionals.
• Business leaders and consultants responsible for implementing anti-fraud strategies.

5-Day Training Outline

Day 1: Introduction and Section 1 – Financial Transactions and Fraud Schemes

• Overview of the CFE Exam: Structure, Format, and Requirements
• Key Topics for Section 1:
  • Types of Fraud: Occupational, Financial Statement, Asset Misappropriation
  • Red Flags of Fraudulent Financial Transactions
  • Investigative Techniques for Detecting Financial Fraud
• Practice Questions for Section 1
• Case Study: Analyzing Fraudulent Financial Statements

Day 2: Section 2 – Law

• Key Topics for Section 2:
  • Legal Elements of Fraud
  • Understanding Civil and Criminal Law in Fraud Cases
  • Rules of Evidence and Court Procedures
  • Fraud-Related Legislation: FCPA, AML, and Whistleblower Laws
• Practice Questions for Section 2
• Workshop: Preparing Legal Documentation for Fraud Cases

Day 3: Section 3 – Investigation

• Key Topics for Section 3:
  • Conducting Effective Fraud Investigations
  • Interviewing Techniques and Detecting Deception
  • Using Technology in Fraud Investigations
  • Report Writing and Documentation Best Practices
• Practice Questions for Section 3
• Group Exercise: Planning and Conducting a Fraud Investigation

Day 4: Section 4 – Fraud Prevention and Deterrence

• Key Topics for Section 4:
  • Establishing Anti-Fraud Programs and Controls
  • Understanding Ethical Behavior and Fraud Risk Factors
  • Fraud Risk Management Strategies
  • Corporate Governance and Fraud Prevention Frameworks
• Practice Questions for Section 4
• Interactive Activity: Designing an Anti-Fraud Program

Day 5: Exam Strategies, Mock Tests, and Final Preparation

• Comprehensive Review of High-Yield Topics Across All Sections
• Exam Strategies:
  • Managing Time and Stress During the Exam
  • Tips for Navigating Complex Questions
• Full-Length Mock Exam: Simulating the CFE Exam Environment
• Review of Mock Exam Results and Feedback
• Capstone Activity: Solving a Comprehensive Fraud Case

Course Outcome

Participants will leave this course with a deep understanding of all four sections of the CFE exam, equipped with the tools and strategies to succeed. Beyond exam preparation, participants will gain practical insights and real-world knowledge to prevent, detect, and deter fraud, ensuring their effectiveness as Certified Fraud Examiners in their professional roles.