ASSOCIATION OF CERTIFIED FRAUD EXAMINERS

SOUTH AFRICAN CHAPTER

The ACFE Certification Process

How to obtain the Advanced Certificate: Forensic Practitioner (NQF 7)


Candidates who meet minimum academic and professional requirements as set by the ACFE International, may apply directly to the ACFE to sit for the CFE Exam. Successful completion of the  International ACFE Exam results in the award of the Certified Fraud Examiner (CFE) designation.

A. Requirements

To apply for the the CFE Exam, you must meet the following requirements:

  •  Be an Associate Member of the ACFE: Membership is a requirement to take the CFE Exam. If you are not already an Associate member of the ACFE, you must first become a member to pursue the CFE credential.
  • Minimum Academic requirements:
  • Generally, a minimum of a Bachelor’s degree (or equivalent) from an institution of higher learning. No specific field of study is required. If you do not have a Bachelor’s degree, you may substitute two years of fraud-related professional experience for each year of academic study.
  • Minimum Professional requirements: At the time you are certified, you must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud. For more information please visit: www.acfe.com
  • Be of high moral character
  •  Agree to abide by the Bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners

The Point System

Eligibility to be certified is based on a point system which awards credit for education, professional affiliations and experience. In order to be certified, a candidate must have a minimum of two years professional experience and 50 points. Points claimed for education must be from a recognized institution of higher learning. If an individual has more than 40 but less than 50 total qualifying points, they may apply to take the CFE Exam; however, certification will not be awarded until the individual has a total of 50 points or more and two years of professional experience. Points can be calculated online at www.acfe.com.

B. Enrolling for the CFE Exam

Step 1: Join the ACFE International body as an Associate member.

Step 2: The CFE Exam Application:

Submit the Exam application form and supporting documentation to the ACFE. This includes 3 CFE Candidate Recommendation Forms, proof of education, and the exam fee. It is recommended that South Africans write the International Exam as it holds an SAQA NQF accreditation, and sets the international standard.

The cost to take the CFE Exam is US $400 excluding the ACFE Fraud Manual and membership fee. If you have purchased the CFE Exam Prep Course ($754), you will receive a US $100 credit on the cost of the CFE Exam fee. Please note that these fees are subject to change, and you are advised to confirm the latest fee structure at www.acfe.com.

C. Preparing for the exam

It is important to take the time to prepare for the CFE Exam. Preparation for the CFE Exam can be done in various ways:

1)   Self Study

Study on your own using the Fraud Examiners Manual and additional reference materials. Approximately 90% of the Exam’s questions are derived from material contained in the Fraud Examiners Manual. The ACFE Fraud Manual can be ordered directly from the ACFE in either CD or download format. The chapter may also have these manuals available for sale

 2)   ACFE Prep Course

Study with the CFE Exam Prep Course, a computer self-study course produced by the ACFE.  The Prep Course mirrors the format of the actual exam and comes with a Money-Back Pass Guarantee. The Fraud Examiners Manual is included on the CD-ROM with the Prep Course.

3)   Tertiary Institutions

Many Universities offers diploma courses which serves as preparation for the CFE Exam.

4)   Private Training Providers

A number of local training providers offers short courses which may assist candidates in their preparations or as final review prior to taking the exam. Do note that the ACFE or ACFE SA chapter does not endorse or recommend any specific training provider.

5)    Through the ACFE SA Learnership

The Learnership consist of a workplace structured training programme (STP) and prescribed Training modules. On successful completion of the training program and the final International ACFE Exam it results in the award of the Certified Fraud Examiner (CFE) designation, and the  Advanced Certificate: Forensic Practitioner.

6)    Attend the Learnership Training

Members preparing for the CFE Exam who is not formally enrolled for the Learnership, may attend any or all of the training modules as either a means to preparation for the CFE Exam, or for general skills development. Note that only a limited number of seats per module will be available for delegates not registered on the Learnership. Competency certificates will be issued per module completed.

D. Taking the CFE Exam

The CFE Exam is a Windows-based application in CD-ROM format. The exam has a number of sophisticated controls to ensure integrity and each exam is generated from a master database. No two tests are alike.

E.    Pass the CFE Exam.

The CFE Exam is a Windows-based program that tests your knowledge and expertise in the four primary areas of fraud examination: Fraudulent Financial Transactions, Legal Elements of Fraud, Investigation Methods, and Fraud Prevention and Deterrence.

F. Final approval from the certification committee.

You will officially become a CFE once your exam and credentials are approved by the certification committee. Those who have attained the CFE credential will be invoiced at the CFE dues rate upon annual membership renewal.

G. SAQA Accreditation

Apply through the ACFE SA Chapter for the SAQA Certificate (NQF 7). Only available to ACFE SA Members.

ACFE, Association of Certified Fraud Examiners, CFE, Certified Fraud Examiner, the ACFE Seal and the ACFE Logo are trade marks exclusively owned by the Association of Certified Fraud Examiners, Inc.

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