A Certified Fraud Examiner (CFE) is a specialist in the detection and deterrence of a wide variety of white collar crimes, from discovering employees.or executives who misappropriate company assets, to assisting investors who are defrauded in the course of commercial transactions.
All Certified Fraud Examiners must meet the rigorous criteria for admission to the Association of Certified Fraud Examiners. They must exemplify the highest moral and ethical standards and must agree to abide by the bylaws of the Association of Certified Fraud Examiners "Code of Professional Ethics".
A Certified Fraud Examiner is responsible for resolving allegations of fraud, obtaining evidence, taking statements, writing reports, testifying to findings, and assisting in the prevention and detection of fraud and white collar crime. Following are a few examples of some typical CFE functions.
A Certified Fraud Examiner in private practice was retained to examine evidence of fraud and to testify in a $350 million securities fraud case.
His testimony helped recover $70 million.
A Certified Fraud Examiner employed in the internal audit department of a bank headed the investigation of a $125,000 embezzlement case. The Certified Fraud Examiner ultimately assisted authorities in the criminal prosecution of an officer of the bank.
A Certified Fraud Examiner in private practice provided litigation support to an attorney involved in the trial of a civil fraud case. The CFE's expertise helped the attorney win the case.
A Certified Fraud Examiner employed by the U.S. Government advised a federal agency on ways to improve its ability to detect fraud in contracts, which resulted in potential savings of millions of dollars.
