[jam6478]

Hello all-

I have recently passed my last section of the CPA Exam and will soon have alot of spare time on my hands, as my winter internship will be over in a few weeks and the final semester of my MAcc program will not begin until the middle of May. I will then start working as a full-time associate in the beginning of October (with the summer semester concluding in mid-August).

Point is, I will be working in audit and have always been intrigued by the Certified Fraud Examiner certification. With a significant amount of time on my hands, is it worth it to give it a shot? I’ve heard that it only requires 1-2 months of studying and is much less difficult than the CPA. Also, with a B.S. in Accounting, will I be eligible to sit for the exam (I will have 139 credits and only internships as work experience)?

Thanks!

FAR - 77
REG - 83
AUD - 87
BEC - 83

[Anonymous]

Search CFE on here and check out the responses…you certainly will not need 1-2 months to prepare. Perhaps 1-2 weeks of doing the test bank questions. I do not think that anyone actually reads the manual that they offer.

As for the eligibility requirements, see below:

Academic Requirements
Generally, applicants for CFE certification have 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. For example, if you successfully attended college full-time for only two years, you would need an additional four years of professional experience to meet the education requirements.

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. Candidates lacking two years of professional experience can still take the CFE Exam as long as they have a minimum of 40 total qualifying points. Once the individual has fulfilled their 50-point minimum and two years of professional experience they will be awarded the CFE credential.

[Author]

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