How to Become A CFE South Africa

The Certified Fraud Examiner is a credential awarded by the Association of Certified Fraud Examiners. The ACFE association is a provider of anti-fraud training and education.

Below are the steps to Become A CFE South Africa

Step 1 — Join the ACFE

You must be a member to take the CFE Exam and earn your CFE credential.

Step 2 — Prepare for the CFE Exam

Choose one of the following methods to prepare for the CFE Exam:

Study with the CFE Exam Prep Course. The CFE Exam Prep Course is a computer self-study course available in U.S. and International editions.

Attend the CFE Exam Review Course. This 4-day, instructor-led course provides the essentials needed to pass the CFE Exam and become a Certified Fraud Examiner.

Study on your own using the Fraud Examiners Manual. The Fraud Examiners Manual is a 2,000 page guide exploring examination techniques and procedures.

Step 3 — Apply for the CFE Exam

A complete CFE Exam application with documentation is required to take the CFE Exam. The CFE Exam application fee is $450. If you have purchased the CFE Exam Prep Course, the fee is $350.  

Apply for the CFE Exam online.

Submit the supporting documentation to complete your application.

Step 4 — Pass the CFE Exam

The CFE Exam tests your knowledge and expertise in the four primary areas of fraud examination: Financial Transactions & Fraud Schemes, Law, Investigation, and Fraud Prevention & Deterrence. 

Learn more about the CFE Exam.

Learn About Scheduling Your Exam.

How long does it take to become a CFE in South Africa?

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.

How much does CFE certification cost in South Africa ?

The cost to take the CFE Exam is R 6386.98. If you have purchased the CFE Exam Prep Course, the fee is R 4967.65. The Certification Portal allows you to manage your application by submitting documentation directly to the ACFE.

How much does a CFE make a year in South Africa?

Based on participant responses, the median total compensation for a CFE is R 1291589.35, compared to R 1036110.14 for a non-CFE. This represents a CFE premium of 25%.

How difficult is CFE exam?

No examination is difficult if you work hard and practice with the right material. All you need is a study guide for the Certified Fraud Examiner (CFE) exam. There are people in the Fraud Examiner Industry who might say that this examination is difficult and not easy to crack.

Is becoming a CFE worth it?

Because of this, becoming a Certified Fraud Examiner (CFE) can make you a valuable addition to any company. As a result, these companies experience fraud losses that are 62 percent smaller than organizations that do not have CFEs on staff!

Is CFE better than CPA?

As you probably already know, a CPA is an accounting professional who works with organizations to help them plan and reach their financial goals.

CFEs can come from a wider variety of professional backgrounds than CPAs, but a CFE accountant will probably work in the areas of forensic accounting or fraud auditing.

What is the difference between CFE and CFF?

The American Institute of Certified Public Accountants accredits Certified Public Accountants with a CFF that have fulfilled certain requirements and passed a written examination. However, there is one significant difference between a CFF and a CFE: the former requires that you first be a CPA.