On the CFE Exam there are a few questions about the ACFE Code of Professional Ethics. The good news is that most of these questions are very straightforward and shouldn’t give you any trouble. Things like “don’t violate the law” or “don’t engage in conflicts of interest” are pretty self-explanatory. But there are two areas that I have found sometimes cause people a little confusion.Read More
If you have the CFE Exam Prep Course, the Prep Toolkit or are planning to get either of the two, we invite you to sign up for the 90-Day CFE Exam Challenge and earn your Certified Fraud Examiner (CFE) credential by June 30, 2019. The challenge arms you with study tips and peer support to help you stay motivated and on track to reach your professional goals. Our upcoming challenge starts Monday, April 1 and ends Sunday, June 30.Read More
In December, we finished up the latest 90-Day CFE Exam Challenge. Associate members joined the challenge and set a goal to prepare for and earn the CFE credential in 90 days. This is no small feat, and many participants put in hours of study time each week to meet this goal.Read More
If you want to earn your CFE credential within the next three months, then the 90-Day CFE Exam Challenge is exactly what you need to complete your next professional goal. It will start on Monday, April 2, and end on Friday, June 29. Within that time, you will work alongside your fellow associate members to prepare for and take the CFE Exam.Read More
John Loftis, CFE
ACFE Membership Communications Manager
I recently saw a discussion in the CFE Exam Preparation community about people who are resolving to earn their CFE credential in 2017. According to statistics, more than 30 percent of people give up on their New Year’s resolutions after the first two weeks of January. Many resolutions like better health, better finances or finding the love of your life are things that I unfortunately cannot help you with, but I can help you to create a plan that will put you on the path to passing the CFE Exam.
I read an article in Forbes this week called, 7 Secrets of People Who Keep Their New Year’s Resolutions. I noticed how many of these secrets could apply to the CFE Exam. Based on that article, below is a quick framework to help you avoid becoming one of the 30 percent and earn the CFE credential.
1. Specify your goals
One of the trendy concepts you have probably heard of is creating SMART goals i.e. making your goals Specific, Measurable, Achievable, Realistic and Time-based. You want to earn your CFE credential in 2017, but did you pick a deadline yet? Review the 30-, 60- and 90-day study plans. Pick one and stick with it.
2. Break it down
You have to study for the exam, complete the application process and finally take the exam. That can be intimidating. However, the process is much more manageable if you break it down into small chunks. Create mini-goals to help you along the way.
Here are some examples:
- Complete the Pre-Assessment by 1/24/2017
- Submit the CFE Exam application before 1/31/2017
- Answer all the questions in the Fraud Prevention section by 2/8/2017
3. Schedule it
When I studied for my CFE Exam, I decided I would study during my lunch hour. Every day for about three months, I packed my lunch, sat at my desk and studied. Maybe studying at lunch will not work for you, but it is important to choose a time and place, and study consistently.
4. Measure progress
The CFE Exam Prep Course includes tools for tracking your study progress. You can also use this chart to keep track of the time you spend studying.
5. Share your goals in the CFE Exam Preparation Community
Stop by the CFE Exam Preparation Community and share your goals. As the Forbes article mentions, social support is critical. Who better to share your goals with than colleagues around the world who are preparing to pass the CFE Exam?
6. Something is better than nothing
At the most recent Principles of Fraud Examination course taught by the ACFE, I was discussing CFE Exam preparation with a member. I told her that even if you only have time to answer 10 questions a day in the Prep Course, you are still moving forward. Some progress is better than no progress and you will be surprised how many questions you answer after you knock out those first 10 questions.
7. Get up when you slip up
If you miss a day, week or even a month of studying, do not give up. Revisit your mini-goals, adjust your deadlines and get going. You can do it!
Because I am a quote person, I will leave you with this:
“It does not matter how slowly you go as long as you do not stop.” -Confucius