CFAE® : Certified Forensic Accounting Expert

CFAE is administered by AAIFM (The American Association for Investment and Financial Management); one of the most renowned associations for financial management and investment in the United States. By earning CFAE candidates demonstrate that they have mastered the forensic accounting and fraud examination body of knowledge, obtained the skills of Forensic Accounting Expert, and committed to AAIFM core values and code of ethics. Earning your CFAE designation not only broadens your skill set, it demonstrates a standardized level of industry knowledge, making you a recognized leader in forensic accounting and fraud examination.

CFAE Certification Preparation

If you are studying in order to prepare for the CFAE exam; AAIFM provides candidates with training sessions for many of the exam questions. AAIFM also provide thorough training for the exam modules using its learning system through authorized training providers and prometric centers worldwide.

AAIFM CFAE Recertification

Once you have passed the CFAE exam and received your certification, you will need to stay up to date on developments in forensic accounting practices. To prove you have maintained and updated your forensic accounting knowledge and skills, AAIFM requires that you recertify every 4 years. (please refer to recertification for more info)

Requirement:

  • A passing score on the CFAE Examination.
  • Bachelor Degree in any field and;
  • A minimum of two years experience in any related forensic accounting area (Fraud, corporate control, Risk management, Internal Control…).
  • A Minimum of 25 hours of forensic accounting approved training.

Exam Format:

The CFAE (Certified Forensic Accounting Expert) examination is a 3-hour exam, multiple essay and case study analysis questions examination. The exam is given in booklet form.

Exam Outline:

Part I : Investigating Forensic Accounting

  1. Why the world Needs forensic Accountants
  2. Steering Your Career toward Forensic Accounting
  3. Getting to know the most Common Fraud Schemes
  4. Forensic Accounting Minus the Fraud

Part II : The Anatomy of Occupational Fraud

  1. Cooked Books: Finding Financial statement Fraud
  2. Investigating Inventory Fraud
  3. Examining Revenue Recognition Problems
  4. Studying Securities Fraud

Part III : It’s All in the Family: Fraud against Individuals

  1. Divorce with a side of Fraud
  2. Protecting Estates, Trusts, and the Elderly
  3. Recognizing Real Estate Fraud

Part IV : Meeting Your Methods of Investigation

  1. Walking through the Investigation Process
  2. Tracing the Flow of Money
  3. Going to the Source: Obtaining Records
  4. Tapping into Electronic Evidence
  5. Who Wants to know? Reporling on Your Findings
  6. Preparing for Trial: Business Litigation
  7. Organizing Evidence and Serving as an Expert Witness
  8. Peeking Inside Federal Government Fraud Cases

Part V: Preventing Occupational Fraud

  1. Helping Small Businesses Prevent Fraud
  2. Assisting Larger Businesses with Fraud Prevention
  3. Keepong Employees Honest (and Happy)
  4. Applying Technology to Fraud Prevention

Part VI: The Part of Tens

  1. Ten Entertaining Portrayals of Fraud
  2. Ten Fairly Common-and Unsuspected-Frauds
  3. Ten Truly Strange Fraud Stories

Inquiries:

Please e-mail us at info@aaifm.org for any other inquiries. For international candidates; please contact our authorized representatives in your region.

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