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The CFE-FTFS certification is highly regarded by employers and is recognized globally as a mark of excellence in the field of financial fraud investigation. Individuals who pass the exam are awarded the CFE-FTFS certification, which can help to enhance their career prospects and increase their earning potential. Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam certification also provides individuals with access to a network of like-minded professionals who are committed to upholding the highest standards of ethics and professionalism in the field of financial fraud investigation.
The Certified Fraud Examiner (CFE) - Financial Transactions and Fraud Schemes (FTFS) Exam is a certification exam offered by the Association of Certified Fraud Examiners (ACFE) that assesses the competence and knowledge of individuals in the field of financial fraud investigation. CFE-Financial-Transactions-and-Fraud-Schemes exam is designed for professionals who are interested in developing their skills in identifying and detecting financial fraud schemes, as well as investigating and prosecuting fraudsters.
The CFE-Financial-Transactions-and-Fraud-Schemes exam covers a wide range of topics related to financial transactions and fraud schemes, including financial statement fraud, money laundering, bribery and corruption, and cybercrime. CFE-Financial-Transactions-and-Fraud-Schemes exam consists of multiple-choice questions and is designed to assess the candidate's knowledge and skills in identifying and investigating financial fraud.
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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Syllabus Topics:
| Section | Weight | Objectives |
| Asset Misappropriation – Inventory and Other Assets | 5–10% | - Inventory theft and misuse
- Concealment of asset shrinkage
- Prevention and detection controls
|
| Internal Control and Fraud Prevention | 10–15% | - Fraud risk assessment
- Design of anti-fraud controls
- Control testing and evaluation
|
| Financial Statement Fraud | 10–15% | - Asset and liability misrepresentation
- Financial statement analysis techniques
- Improper disclosures
- Revenue recognition schemes
|
| Corruption Schemes | 5–10% | - Conflicts of interest
- Prevention and detection strategies
- Illegal gratuities and extortion
- Bribery and kickbacks
|
| Other Fraud Schemes | 10–15% | - Identity theft and financial crimes
- Insurance fraud
- Theft of data and intellectual property
- Healthcare fraud
- Procurement and contract fraud
|
| Basic Accounting and Auditing Concepts | 15–20% | - Internal control frameworks and objectives
- Financial statement components and relationships
- Fundamental accounting principles
- Auditing standards and procedures
|
| Asset Misappropriation – Fraudulent Disbursements | 15–20% | - Expense reimbursement fraud
- Electronic payment tampering
- Billing schemes
- Payroll fraud schemes
- Register disbursement fraud
|
| Asset Misappropriation – Cash Receipts | 5–10% | - Cash skimming schemes
- Cash larceny
- Prevention and detection methods
|