What is the Association of Certified Fraud Examiners?

The Association of Certified Fraud Examiners is an international, 25,000-member, professional organization dedicated to fighting fraud and white-collar crime. With offices in North America and Europe - and chapters around the globe - the Association is networked to respond to the needs of anti-fraud professionals everywhere.

What is a Certified Fraud Examiner?

Certified Fraud Examiner (CFE) is a specialist educated and trained in the detection and deterrence of a wide variety of white-collar crimes. All CFEs must meet the rigorous criteria for admission to the Association of Certified Fraud Examiners. Thereafter, they must exemplify the highest moral and ethical standards and must agree to abide by the Association's Code of Professional Ethics.

Who belongs to the Association of Certified Fraud Examiners?

Members of the Association specialize in a wide range of fields, including fraud investigation; criminology; internal and external auditing; loss prevention and security; forensic accounting; law; law enforcement; investigation at the local, state, and federal levels; education; and others, as well as students of these fields.

How do I become a CFE?

Becoming a Certified Fraud Examiner is not an easy task. Only Associate Members of the ACFE can be eligible for certification. To achieve the CFE designation, you must meet the following requirements:

  • Be of high moral character
  • Meet the minimum educational and experience requirements
  • Pass the Uniform CFE Examination
  • Maintain required Continuing Professional Education (CPE)
  • Pay annual Association dues
  • Agree to abide by the Bylaws and Code of Professional Ethics of the Association of Certified Fraud Examiners
  • Further details on how to become a CFE can be found by going to the Become a Member page of the ACFE website.

Where and how often is the CFE Exam offered?

The CFE Exam was designed to be convenient for professionals with hectic schedules. The entire exam is administered on your computer in your own office or home from software that is mailed to you from the Association.

Where can I find the Middle Tennessee Chapter application form?


What are the continuing professional education requirements?

CFEs must obtain a minimum of 20 hours of Continuing Professional Education (CPE) every year to stay current in their profession. CFEs are required to certify CPE compliance by the end of their anniversary month either (1) online or (2) by calling a Member Services Representative at (800) 245-3321 (USA & Canada only) or +1 (512) 478-9000. A CFE's anniversary month is the month membership is renewed each year.

(Source: http://www.acfe.com/maintaining-credential.aspx)

What are the benefits of Chapter Membership?

Certified and associate members of the Association of Certified Fraud Examiners are eligible for chapter membership. Chapter membership costs $25 annually or $50 for three years. Members can attend luncheons, which include one hour of CPE, for $10; the cost for non-members is $20. Members are able to register for some training before the general public. Membership includes two annual socials. One is a members only luncheon in December. The other is held on a June evening. The member may bring a guest to the June Social.

How serious is the problem of fraud?

According to the 2010 Report to the Nations:

The Impact of Occupational Fraud

  • Survey participants estimated that the typical organization loses 5% of its annual revenue to fraud. Applied to the estimated 2009 Gross World Product, this figure translates to a potential global fraud loss of more than $2.9 trillion.
  • The median loss caused by the occupational fraud cases in our study was $160,000. Nearly one-quarter of the frauds involved losses of at least $1 million.
  • Small organizations are disproportionately victimized by occupational fraud. These organizations are typically lacking in anti-fraud controls compared to their larger counterparts, which makes them particularly vulnerable to fraud.

(Source: http://www.acfe.com/rttn-highlights.aspx.)

Contact us

Address: P.O. BOX 198361 Nashville, TN 37219

Email: info@middletennesseecfe.org

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