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Duration 70 hours
Course Outline
Introduction
- Overview of the CFE credential
- Breakdown of the four primary domains of the CFE exam
- Effective study strategies and recommended resources
Fraud Fundamentals
- Defining fraud and classifying its various types
- The fraud triangle: Pressure, Opportunity, and Rationalization
- Introduction to occupational fraud patterns
Basics of Financial Transactions
- Core accounting and auditing concepts
- Interpreting financial statements
- Understanding key financial transaction cycles
Overview of Fraud Schemes
- Methods of asset misappropriation
- Corruption-related schemes
- Financial statement manipulation
Asset Misappropriation Details
- Cash theft methods
- Theft of inventory and other assets
- Billing and payroll fraud schemes
Financial Statement Fraud
- Revenue recognition manipulation
- Inadequate or improper disclosures
- Asset valuation fraud
Legal Aspects of Fraud
- Navigating the legal system
- Key elements of fraud and associated offenses
- Distinguishing between civil and criminal fraud
Fraudulent Financial Transactions
- Money laundering practices
- Bankruptcy fraud
- Securities fraud
Legal Considerations in Examination
- Evidence collection and preservation protocols
- Procedures for expert witness testimony
- Understanding the legal rights of the accused
Regulatory Framework
- Implications of the Sarbanes-Oxley Act
- Foreign Corrupt Practices Act compliance
- Anti-money laundering regulations
Fraud Investigation Methods
- Planning and executing fraud examinations
- Advanced interviewing techniques
- Strategies for gathering evidence
Investigative Tools and Tactics
- Digital forensics applications
- Surveillance methodologies
- Undercover operations
Data Analysis in Investigations
- Leveraging data analytics for fraud detection
- In-depth analysis of financial statements
- Recognizing red flags
Reporting and Testimony
- Drafting investigative reports
- Preparation for trial proceedings
- Presenting testimony in court
Establishing Fraud Prevention Programs
- Conducting fraud risk assessments
- Implementing strong internal controls
- Fostering an ethical culture within organizations
Exam Review and Practice
- Recap of key concepts across all four exam sections
- Practice questions and exam-taking strategies
- Final question and answer session
Summary and Path Forward
Requirements
- Familiarity with fundamental accounting principles and financial transaction processes
Target Audience
- Individuals aspiring to become fraud examiners
- Professionals working in accounting, auditing, law enforcement, and compliance roles
- Internal audit specialists
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