Procedures
India Chapter
To earn your Certified Fraud Examiner (CFE) credential through the ACFE, there are several key steps to follow. Joining the ACFE India Chapter adds an extra layer of support and networking to enhance your journey. Here’s how you can get started:
Step 1: Meet the Eligibility Requirements
To become a CFE, you must have a minimum of two years of professional experience in a field related to fraud detection or deterrence, such as accounting, auditing, criminology, or law. A bachelor’s degree or equivalent is also required, but experience can sometimes substitute for education.
Step 2: Join the ACFE India Chapter
Tap into your local chapter. We offer CFE exam training to our members, access to resources, and mentorship. Joining the India Chapter offers localized support, events, and networking opportunities with peers who understand the unique challenges of fraud prevention in the region and will provide a support system as you prepare and take the CFE exam.
Step 3: Join the Global ACFE community
Becoming a member of the ACFE is a crucial step. As it is USA based, the exam documentations and proctoring will be done through them. As a CFE and member of the ACFE India Chapter, you’ll be part of both a global network of over 90,000 fraud professionals and a local community that understands the specific challenges in India. This dual membership provides unparalleled opportunities for professional growth, collaboration, and knowledge sharing.
Step 4: Prepare for the CFE Exam
The CFE Exam covers four key areas: Financial Transactions & Fraud Schemes, Law, Investigation, and Fraud Prevention & Deterrence. You can prepare using the ACFE’s official CFE Exam Prep Course, which is tailored to help you master these essential topics. The India Chapter also offers training and mentorship to support your exam preparation.
Step 5: - Appear and Pass the CFE Exam
The CFE Exam is rigorous, but with proper preparation, you can succeed. Once you feel ready to and sufficiently prepared to take the exam, submit your application form with:
- Proof of your qualification
- Proof of your work experience
- Recommendation from 2 persons who can vouch for your credentials
- Once your credentials have been verified by ACFE, an examination fee of USD 450 will have to be paid for the exam.
Details about the exam
- The exam consists of 400 objective multiple choice question formats divided into four sections. Therefore, one section of 100 questions has to be completed in 2 hours.
- There are no negative markings.
- You have 90 days from the time you start the first section to complete all the four papers. Successfully passing the exam is a testament to your knowledge and skills in the field of fraud examination.
- The examinations (held online, Prometric test centers in your city or appear online from your homes vide a remote proctoring system) can be attempted on any day throughout the year. A detailed process of the examination process is documented in the ACFE website (https://acfe.com/cfe-credential/about-the-cfe-exam)
- You need not clear all the 4 sections in one go. You are permitted 3 attempts for each of the section, in case you fail to clear any section. Additional exam fees may be charged for further attempts.
Step 6: Maintain Your CFE Credential
Once certified, CFEs must complete 20 hours of Continuing Professional Education (CPE) annually to stay current with industry developments. Joining the India Chapter helps you fulfill these requirements through paid/free local seminars, webinars, and other educational events that keep you updated on the latest in fraud prevention.
These steps ensure that you not only earn the CFE credential but also maintain it with the ongoing support of both the global ACFE organization and the ACFE India Chapter.
Please visit our membership dashboard to become a member, pay your annual dues, and obtain details on your membership account.
