Certified Fraud Examiner (CFE) Preparation

• Basic knowledge of accounting principles and financial transactions

Audience

• Aspiring fraud examiners
• Professionals in accounting, auditing, law enforcement, and compliance
• Internal auditors

A Certified Fraud Examiner (CFE) is a professional who is trained and certified in detecting, investigating, and preventing fraud.

This instructor-led, live training (online or onsite) is aimed at advanced-level professionals who wish to gain a comprehensive understanding of fraud examination concepts and prepare for the Certified Fraud Examiner (CFE) exam.

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

• Gain comprehensive knowledge of fraud examination principles and the fraud examination process.
• Learn to identify, investigate, and prevent various types of financial fraud schemes.
• Understand the legal environment related to fraud, including the legal elements of fraud, relevant laws, and regulations.
• Acquire practical skills in conducting fraud investigations, including evidence collection, interviewing techniques, and data analysis.
• Learn to design and implement effective fraud prevention and deterrence programs within organizations.
• Gain confidence and knowledge to successfully pass the Certified Fraud Examiner (CFE) exam.

Format of the Course

• Interactive lecture and discussion.
• Lots of exercises and practice.
• Hands-on implementation in a live-lab environment.

Course Customization Options

• To request a customized training for this course, please contact us to arrange.

Introduction

• Introduction to the CFE credential
• Overview of the four main areas of the CFE exam
• Study strategies and resources

Understanding Fraud

• Definition and types of fraud
• The fraud triangle: Pressure, Opportunity, Rationalization
• Overview of occupational fraud

Financial Transactions Basics

• Basic accounting and auditing concepts
• Understanding financial statements
• Introduction to financial transaction cycles

Fraud Schemes Overview

• Asset misappropriation schemes
• Corruption schemes
• Financial statement fraud

Asset Misappropriation Schemes

• Cash theft
• Inventory and other asset theft
• Billing and payroll schemes

Financial Statement Fraud

• Revenue recognition schemes
• Improper disclosures
• Asset valuation fraud

Legal Elements of Fraud

• Understanding the legal system
• Elements of fraud and related offenses
• Civil and criminal fraud

Fraudulent Financial Transactions

• Money laundering
• Bankruptcy fraud
• Securities fraud

Legal Considerations in Fraud Examination

• Evidence collection and preservation
• Expert witness testimony
• Legal rights of the accused

Regulatory Environment

• Sarbanes-Oxley Act
• Foreign Corrupt Practices Act
• Anti-money laundering regulations

Fraud Investigation Techniques

• Planning and conducting fraud examinations
• Interviewing techniques
• Gathering evidence

Investigative Tools and Techniques

• Digital forensics
• Surveillance
• Undercover operations

Data Analysis in Fraud Investigations

• Using data analytics to detect fraud
• Analyzing financial statements
• Identifying red flags

Reporting and Testifying

• Writing investigative reports
• Preparing for trial
• Testifying in court

Developing Fraud Prevention Programs

• Creating a fraud risk assessment
• Implementing internal controls
• Promoting ethical behavior in organizations

 Exam Review and Practice Test

• Review of key concepts from all four sections
• Practice questions and test-taking strategies
• Final Q&A session

Summary and Next Steps