CFE 1 PREP EXAM Financial Transactions and Fraud Schemes

What Will You Learn?

• Understand Financial Fraud:
• Gain a comprehensive understanding of the various types of fraud schemes, including asset misappropriation, bribery, and financial statement fraud.
• Understand how fraud impacts businesses financially and operationally.
• Identify Fraud Schemes:
• Recognize the red flags and behavioral indicators associated with different fraud schemes.
• Learn classification methods such as the Fraud Tree, which organizes fraud schemes into distinct categories.
• Detect and Prevent Fraud:
• Learn techniques for detecting fraudulent activities by leveraging auditing processes, interviews, and forensic tools.
• Understand how to develop and implement robust internal controls to prevent fraud.
• Analyze Financial Data for Fraud:
• Understand how fraudsters manipulate financial transactions and records to perpetrate fraud.
• Acquire technical skills to identify irregularities in financial statements and records.
• Understand the Fraud Triangle:
• Learn the three primary factors that lead to fraud: Pressure, Opportunity, and Rationalization.
• Investigate Fraud:
• Learn the key steps in fraud investigations, including evidence collection, forensic accounting, and documenting findings.
• Utilize Legal and Ethical Frameworks:
• Understand the legal considerations and ethical principles surrounding fraud examination and investigations.
• Master the CFE Exam Content for Part 1:
• Become familiar with exam-aligned concepts, terminology, and case studies.
• Prepare effectively to meet the ACFE's required standards for certification.