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How To Prepare To Be A Fraud-Fighting Professional

How To Prepare To Be A Fraud-Fighting Professional

Regardless of the major you choose you should fulfill your elective requirements with courses in the topics. For example, if you are an accounting major you should probably take as many technology and behavioral type classes as you can. No candidate will possess all of the skills identified above. However the more of these skills you possess the better qualified you will be to find success as a fraud examiner in the future.

 

The Association of Certified Fraud Examiners has the following requirements for someone to become a certified fraud examiner.

Be an associate member of the ACFE in good standing

Meet minimum academic and professional requirements

Be of high normal character.

Agree to abide by the Bylaws and Code of Professional of the Association of Certified Fraud Examiners.

Academic Requirements

Generally applicants for CFE certification have a minimum of bachelor degree (or equivalent) from institution of higher learning no specific field of study is required. Id you do not have a bachelor’s degree you may substitute two years of fraud related professional experience to satisfy the education requirements.

Professional Requirements

At the time you are certified you must have at least two years of professionals experience in a field either directly or indirectly related to the detection or deterrence of fraud. The following categories are deemed acceptable as fraud-related experience:

Accounting and Auditing: You may qualify if you have experience as an accountant or auditor (e.g., internal auditor) and have certain responsibilities for the detection and deterrence of fraud by evaluating accounting system for weaknesses designing internal controls determining the degree of organizational fraud risk, interpreting financial data for unusual trends and following up on fraud indicators.

Criminology ND Sociology: Only those professionals with education or reaches in the fraud and white-collar crime dimensions of sociology or criminology may claim experience under this category. Am experienced background in general sociology fields is insufficient.

Fraud Investigation: Experience in the investigation of civil or criminal fraud or of white-collar crime for law enforcement agencies or in the private sector qualifies. Examples include federal state or local law enforcement (e.g., IRS, inspectors general and district attorney investigators). Insurance fraud investigation and fraud examiners working for corporations businesses or associations qualify as well.

Loss Prevention; Security directors for corporation and associations who deal with issues of loss prevention may claim this experience as credit. Security consultants  dealing  with fraud related issues also are eligible. Experience as a security guard or equivalent is not acceptable.

Law: Candidates with experience in the legal field might qualify provided the experience deals with some consideration of fraud. Examples include prosecuting lawyers fraud litigators, and other with an antifraud specialization.

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