Certified Fraud Examiner (CFE)
Definition
A professional credential awarded by the ACFE. It demonstrates competency across four domains: financial transactions and fraud schemes, law, investigation, and fraud prevention. The CFE exam is a computer-based, open-book test; candidates must also meet experience and educational requirements.
Related terms
- Chartered Accountant (CA)
- A professional accounting designation awarded by bodies such as ICAI (India), ICAEW (UK), ICAS (Scotland), ICAZ (Zimbabwe), and equivalent national institutes. CA...
- Engagement partner
- The senior professional who holds overall responsibility for a forensic audit engagement, manages the relationship with the client and legal counsel, reviews...
- Expert witness
- A person whose specialised knowledge is accepted by a court and who gives opinion evidence, not just factual evidence. Forensic auditors frequently...
- Objectivity
- The professional duty to form conclusions based on evidence alone, without allowing the client's preferred outcome, personal relationships, or financial incentives to...
- Predication
- The reasonable basis that justifies opening a fraud examination. The ACFE holds that no examination should begin without adequate predication, meaning a...
Explained in
- Roles and Qualifications of Forensic AuditorsA professional credential awarded by the ACFE. It demonstrates competency across four domains: financial transactions and fraud schemes, law, investigation, an...