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Ask The Expert

Hossam M. Abd El-Rahman

Title	Certified Fraud Examiner "CFE" Exam
Add Date	13/9/2009
Sent By	Ahmad
Position	AML Officer
Area	Fraud
Query	Dear Mr.Hossam, I can see from your experience that you are a CFE, my question is, in your opinion, is it a must for me to have a financial background in order to go for a CFE certificate, or i can manage it even if my background is Legal? Looking forward to hear from you.
Answered By	Hossam M. Abd El-Rahman
Answer	Dear Ahmad, Thanks a lot for your question, please find below the answer: The CFE Exam covers the following four areas: * Criminology & Ethics - The purpose of this section is to test your knowledge of criminological concepts and to evaluate your understanding of the underlying ethics of the fraud examination profession. This part includes administration of criminal justice, theories of crime causation, theories of fraud prevention, crime information sources, and ethical situations. * Financial Transactions - This section tests your knowledge of the types of fraudulent financial transactions incurred in accounting records. To pass this section, you will be required to demonstrate knowledge of these concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters. * Fraud Investigation - This section includes questions in the following areas: interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing. * Legal Elements of Fraud - This section ensures that you are familiar with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser and expert witness matters. Thank you for using ACC "ASK THE EXPERT" Service. Best Regards, Hossam Abd El-Rahman Allied Compliance Consultants "ACC

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