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The CFE certification is a documented proof of competence and experience, which represents a high level of skills, knowledge and professionalism. The Certified Fraud Examination (CFE) is capable in criminology in the same way that CPA is able in commerce. A graduate in criminology, forensic medicine, auditing, accounting or finance will be handicapped from a professional point of view if he has not completed a certified examination course in fraud.

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Reference: http://www.acfe.com/details-of-exam.aspx

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