CFE Online Training and Certification

Domain 1: Accounting Concepts

Percentage of Exam: 5–10%

1.    The accounting equation

2.    Balance sheet/statement of financial position

3.    Income statement/statement of financial performance/statement of operations/profit-and- loss statement/statement of changes in financial position

4.    Statement of cash flows

5.    Cash vs. accrual accounting

6.    Various accounting frameworks (GAAP, IFRS, etc.) and when they are used

Domain 2: Financial Statement Fraud

Percentage of Exam: 5–10%

1.    What financial statement fraud is

2.    Types of financial statement fraud schemes

3.    Financial statement analysis

Domain 3: Asset Misappropriation: Cash Receipts

Percentage of Exam: 5–10%

1.    What cash skimming is

2.    Types of cash skimming schemes

3.    Cash skimming schemes: Prevention and detection

4.    What cash larceny is

5.    Types of cash larceny schemes

6.    Cash larceny: Prevention and detection

Domain 4: Asset Misappropriation: Fraudulent Disbursements

Percentage of Exam: 5–10%

1.    Types of register disbursement schemes

2.    Register disbursement schemes: Prevention and detection

3.    Electronic payment tampering: Prevention and detection

4.    Types of billing schemes

5.    Billing schemes: Prevention and detection

6.    Types of payroll fraud schemes

7.    Payroll fraud schemes: Prevention and detection

8.    Types of expense reimbursement schemes

9.    Expense reimbursement schemes: Prevention and detection

Domain 5: Asset Misappropriation: Inventory and Other Assets

Percentage of Exam: 1–5%

1.    Misuse of inventory and other assets

2.    Types of inventory theft schemes

3.    Concealing inventory shrinkage

4.    Inventory schemes: Prevention and detection

Domain 6: Corruption

Percentage of Exam: 5–10%

1.    What is corruption?

2.    Types of corruption schemes (e.g., bribery, kickback schemes, conflicts of interest)

3.    Methods of making illegal payments

4.    Corruption schemes: Prevention and detection

Domain 7: Theft of Data and Intellectual Property

Percentage of Exam: 5–10%

1.    Corporate espionage vs. competitive intelligence

2.    Sources of competitive intelligence

3.    How information is lost or stolen

4.    Safeguarding proprietary information from insider and external threats

Domain 8: Identity Theft

Percentage of Exam: 1–5%

1.    Types and methods of identity theft

2.    How identity thieves steal information

3.    Identity theft schemes: Prevention and detection

Domain 9: Financial Institution Fraud

Percentage of Exam: 5–10%

1.    Types of financial institution fraud schemes (e.g., new account schemes, loan and mortgage fraud schemes)

2.    Red flags of financial institution fraud

3.    Financial institution fraud: Prevention and detection

Domain 10: Payment Fraud

Percentage of Exam: 5–10%

1.     Types of payment fraud schemes (e.g., electronic funds transfer fraud schemes, payment card fraud schemes, mobile payment schemes)

2.     Payment fraud schemes: Prevention and detection

Domain 11: Insurance Fraud

Percentage of Exam: 1–5%

1.    Types of insurance fraud schemes (e.g., vehicle insurance schemes, agent/broker fraud)

2.    Red flags of insurance fraud

3.    Insurance fraud: Prevention and detection

Domain 12: Health Care Fraud

Percentage of Exam: 1–5%

1.     Types of health care fraud schemes (e.g., fraud by the insurance company/group, fraud by the patient, fraud by service providers)

2.     Health care fraud: Prevention and detection

Domain 13: Consumer Fraud

Percentage of Exam: 5–10%

1.      Types of consumer fraud schemes (e.g., advance-fee schemes, elder fraud, pyramid schemes, Ponzi schemes)

2.      Red flags of consumer fraud

3.      Consumer fraud: Prevention and detection

Domain 14: Cyberfraud

Percentage of Exam: 5–10%

1.     Information security goals and control objectives

2.    Types of electronic social engineering schemes (e.g., business email compromise, phishing)

3.    Types of malware (e.g., viruses, ransomware)

4.    Combatting insider threats

5.    Cyberfraud: Prevention and detection

6.    Responding to cybersecurity incidents

Domain 15: Contract and Procurement Fraud

Percentage of Exam: 5–10%

1.       Basic elements and phases of contracting

2.       Types of contract and procurement fraud schemes (e.g., collusion with employees, collusion among contractors, performance schemes)

3.       Red flags of contract and procurement fraud

4.       Contract and procurement fraud: Prevention and detection

Domain 1: Overview of the Legal System

Percentage of Exam: 5–10%

1.           Criminal, civil, and administrative actions for fraud

2.           Civil vs. common law systems

3.           Adversarial vs. inquisitorial processes

4.           Challenges in international cases

Domain 2: The Law Related to Fraud

Percentage of Exam: 10–15%

1.    Misrepresentation of material facts

2.    Breach of trust offenses

3.    Mail fraud and wire fraud

4.    False claims and documents

5.    Corruption (e.g., bribery, conflicts of interest) and related international rules and standards

6.    Perjury

7.    Conspiracy

8. Concealment of material facts/obstruction

Domain 3: Bankruptcy Fraud

Percentage of Exam: 5–10%

1.       Governance and management in bankruptcy proceedings

2.    Types of bankruptcy filings

3.    Role of key parties in bankruptcies (e.g., administrator/trustee, courts)

4.    Types of bankruptcy fraud schemes (e.g., bustout schemes, concealment of assets)

Domain 4: Securities Fraud

Percentage of Exam: 5–10%

1.       Securities laws and regulation

2.    International Organization of Securities Commissions (IOSCO) recommendations

3.    The role of self-regulatory organizations

4.    Components of investment contracts

5.    Types of securities fraud schemes (e.g., insider trading, unsuitable recommendations)

Domain 5: Money Laundering

Percentage of Exam: 10–15%

1.           Money laundering stages

2.       Methods of laundering money (e.g., using front businesses, emerging payment technologies, money services businesses)

3.       Components of anti-money laundering programs

4.       Anti-money laundering regulations and guidance (e.g., Financial Action Task Force [FATF] Recommendations)

Domain 6: Tax Fraud

Percentage of Exam: 1–5%

1.           Tax avoidance vs. tax evasion

2.    Common defenses to tax evasion

3.       Types of tax evasion schemes (e.g., income and wealth tax evasion, consumption tax schemes)

Domain 7: Individual Rights During Examinations

Percentage of Exam: 10–15%

1.       Employees’ duty to cooperate

2.    Employees’ contractual rights

3.    Whistleblower legal protections

4.    Employees’ rights in private actions vs. government actions

5.    Rules regarding searches and surveillance in the workplace

6.    Employees’ expectation of privacy

7.       Causes of action for violations of employee rights (e.g., invasion of privacy, intentional infliction of emotional distress, defamation, false imprisonment)

8.       Data privacy and transfer laws (e.g., General Data Protection Regulation [GDPR])

9.    Consequences for failure to preserve evidence

Domain 8: The Criminal Justice System

Percentage of Exam: 10–15%

1.       Corporate criminal liability

2.    International Covenant on Civil and Political Rights (ICCPR)

3.    Finders of fact in criminal cases

4.    Criminal proceedings, sentencing, and restitution

5.    Criminal discovery

6.    The burden of proof in criminal cases

7.    Prosecutorial discretion and bargaining agreements

8.    Corporate deferred prosecution agreements

9.    Appeals

Domain 9: The Civil Justice System

Percentage of Exam: 5–10%

1.       Beginning the civil action

2.    Civil discovery and discovery methods

3.    Preservation of evidence in civil litigation

4.    Securing assets before judgment

5.    Trial of a civil case

6.    The burden of proof in civil cases

7.    Counterclaims

8.    Alternative dispute resolution

9.    Civil remedies and recovering fraud losses

Domain 10: Basic Principles of Evidence

Percentage of Exam: 5–10%

1.       Direct vs. circumstantial evidence

2.    Admissibility of evidence (e.g., authentication, chain of custody)

3.    Impeachment

4.       Evidentiary privileges and protections (e.g., legal professional privilege, litigation privilege, waiver of privilege)

Domain 11: Testifying

Percentage of Exam: 5–10%

1.       Purpose of testifying expert witnesses

2.    Appointment of experts

3.    Qualifying to testify as an expert witness

4.    Direct testimony considerations

5.    Cross-examination considerations and techniques

Domain 1: Planning and Conducting a Fraud Examination

Percentage of Exam: 5–10%

1.           Definition of fraud examination

2.    Considerations in planning a fraud examination

3.           The basis of predication in fraud examination

4.    Developing a fraud response plan

5.    Preserving confidentiality in a fraud examination

Domain 2: Collecting Evidence

Percentage of Exam: 1–5%

1.           Types of evidence (e.g., documentary, digital, testimonial)

2.    Rules for the collection of evidence

3.    Methods of obtaining evidence

4.    Disposal of evidence

Domain 3: Interview Theory and Application

Percentage of Exam: 15–20%

1.       Purpose of the interview

2.    Planning for interviews

3.    Documenting the interview

4.    Questioning techniques (e.g., sequence of questions, question types)

5.    Interviewee’s legal and administrative rights

6.    Providing an introduction and building rapport

7.       Assessing the interviewee’s behavior (e.g., observing reactions, establishing a baseline, considering behaviors together)

8.       Dealing with resistance and difficult/volatile people

9.    Verbal and nonverbal clues to deception

10. Closing the interview

Domain 4: Interviewing Suspects and Signed Statements

Percentage of Exam: 10–15%

1.       Purpose of the admission-seeking interview

2.    Preparing the interview room

3.    Rules for admission-seeking interviews

4.    Asking admission-seeking questions

5.    Steps in an admission-seeking interview (e.g., making the accusation, countering responses)

6.    Rules for obtaining signed statements

Domain 5: Covert Operations

Percentage of Exam: 5–10%

1.    What a covert operation is

2.    Documenting covert operations

3.    Legal issues in covert operations (e.g., recordings, entrapment)

4.    Procedures and considerations when using sources and informants

Domain 6: Sources of Information

Percentage of Exam: 15–20%

1.       Uses of external sources of information in fraud examinations

2.       Types of public records (e.g., local government records, court records, corporate filings, securities records)

3.       Types of nonpublic records (e.g., credit reports, bank records)

4.    Methods for gaining access to nonpublic records

5.    Legalities of pretexting

6.    General Data Protection Regulation (GDPR) application

7.    Guidelines and use of online databases

8.    Use of internet sources (e.g., social media, deep web, dark web, archives)

9.    Documenting electronic evidence obtained online

Domain 7: Data Analysis and Reporting Tools

Percentage of Exam: 5–10%

1.    Data analysis functions and their applications (e.g., Benford’s law analysis, sorting, joining)

2.       Advanced data analysis (e.g., unstructured data and textual analytics, artificial intelligence, predictive modeling)

3.    Data visualization and reporting

4.    Phases in the data analysis process

Domain 8: Digital Forensics

Percentage of Exam: 5–10%

1.           Planning for digital evidence collection

2.    Types of files to be recovered

3.    Sources of digital evidence

4.    The phases of a digital evidence investigation

Domain 9: Tracing Illicit Transactions

Percentage of Exam: 10–15%

1.    The process of tracing illicit transactions

2.    Obtaining and examining bank records

3.       Types of financial records used to trace assets (e.g., correspondent banking, wire transfer records, electronic payment records, loan records, credit card records)

4.       Methods of tracing and analyzing financial transactions (e.g., asset method, expenditures method)

5.       Emerging technology implications in tracing illicit transactions

6.    Locating hidden assets

7.    Asset forfeiture/recovery

Domain 10: Report Writing

Percentage of Exam: 5–10%

1.       Characteristics and structure of a good report

2.    Purpose of a fraud examination report

3.       Rules and best practices for fraud examination reports (e.g., guidance pertaining to conclusions and opinions, attachments, audience)

4.       Providing follow-up and recommendations

Domain 1: Understanding Criminal Behavior

Percentage of Exam: 5–10%

1.       The use of punishment vs. reinforcement to modify behavior

2.    Theory of differential association

3.    Social control theory and social learning theory

4.    Differential reinforcement theory

5.    Rational choice theory

6.    Routine activities theory

Domain 2: White-Collar Crime

Percentage of Exam: 15–20%

1.       Organizational opportunity for white-collar crime

2.    Factors that contribute to white-collar crime

3.    Effects of white-collar crime on individuals and society

4.    Prosecutions for white-collar criminals

5.    Organizational vs. occupational crime

6.    Factors that contribute to organizational crime (e.g., structure, specialization, profit pressure)

7.    Ways organizations rationalize questionable conduct

8.    Ways to control organizational crime (e.g., compliance, deterrence)

9.    Components of the fraud triangle

10. Research and trends in occupational fraud

Domain 3: Corporate Governance

Percentage of Exam: 5–10%

1.       What corporate governance is

2.    The parties involved in corporate governance

3.    Establishing a corporate governance framework

4.    Principles of corporate governance

5.    Sources of corporate governance guidance (e.g., OECD, Treadway Commission)

Domain 4: Management’s Fraud-Related Responsibilities

Percentage of Exam: 5–10%

1.       Definition of internal control

2.    COSO’s five components of internal control

3.    Management’s responsibility for the anti-fraud program

4.    Elements of an effective anti-fraud compliance program

Domain 5: Auditors’ Fraud-Related Responsibilities

Percentage of Exam: 5–10%

1.       External auditors’ fraud-related responsibilities

2.    External auditors’ reporting requirements

3.    Financial statement materiality

4.    Internal control findings

5.    Internal auditors’ fraud-related responsibilities

6.       Internal auditors’ reporting requirements

7.    Government auditors’ fraud-related responsibilities

8.    Government auditors’ reporting requirements

Domain 6: Fraud Prevention Programs

Percentage of Exam: 10–15%

1.       Increasing the perception of detection

2.    Employee anti-fraud education

3.    Reporting programs and whistleblower protection programs

4.       Reinforcing an enterprise-wide anti-fraud culture (e.g., tone at the top, organizational structure, performance management and measurement, hiring policies)

5.       Response to and communication of fraud incidents

6.    Minimizing employee pressures to commit fraud

7.    Developing a formal anti-fraud policy

8.    Developing an ethics program

Domain 7: Fraud Risk Assessment

Percentage of Exam: 10–15%

1.       The role and objective of anti-fraud controls

2.    Types of anti-fraud controls

3.    Purpose and objectives of a fraud risk assessment

4.    Elements of an effective fraud risk assessment

5.    Types of fraud risks

6.    Steps in conducting a fraud risk assessment

7.    Ways to respond to residual risks

8.    Reporting the fraud risk assessment results

9.    The relationship between the fraud risk assessment and the internal/external audit functions

Domain 8: Fraud Risk Management

Percentage of Exam: 5–10%

1.       What risk management is

2.       Risk management frameworks (e.g., ISO 31000, COSO Enterprise Risk Management— Integrated Framework)

3.       Principles of fraud risk management

4.    Roles and responsibilities for fraud risk management

5.    Objectives of a fraud risk management program

6.    Defining risk appetite

7.    Fraud risk management program compliance and oversight

8.    Third-party fraud risk management

Domain 9: Ethics for Fraud Examiners

Percentage of Exam: 10–15%

1.       Purpose of a code of ethics

2.    Relationship between moral philosophy, ethics, and the law

3.    Implications of engaging in illegal or unethical conduct

4.    Identifying and avoiding conflicts of interest

5.    Integrity requirements

6.    Professional skepticism

7.    Giving opinions and drawing conclusions

8.    Dealing with privileged and confidential information

9.    Ensuring proper qualifications for engagements