The CFE Exam is designed with the four major disciplines that comprise the fraud examination body of knowledge:
Fraud Prevention & Deterrence — tests your understanding of why people commit fraud and ways to prevent it. Topics covered in this section include crime causation, white-collar crime, occupational fraud, fraud prevention, fraud RISK ASSESSMENT, and the ACFE Code of Professional Ethics.
Financial Transactions & Fraud Schemes — tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. To pass Financial Transactions & Fraud Schemes, you will be required to demonstrate knowledge of the following concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.
Investigation — includes questions about interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.
Law — ensures your familiarity with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser and expert witness matters.
Exam – 4 sections
It will take approximately 10 hours to complete the CFE Training Exam. Each section is allocated a maximum of 2.6 hours to complete.
Number of Question – Each section
Each of the four exam sections has 125 questions and you will have a maximum of 75 seconds to answer each question.
Duration to complete all the four sections
You have 30 days to complete all four sections of the CFE Exam and submit it to the ACFE for grading. You must complete each section in one sitting, but you do not have to complete all four sections at once.