Certified Fraud Examiner

Certified Fraud Examiner (CFE) is offered as a CERTIFICATE course examined by ACFE. A certificate of completion is issued upon completion of this course. For more information about this course, use the tabs below to navigate.

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Entry Requirements

KCSE Grade C and Above OR Holder of diploma in a relevant field OR Holder of A relevant Bachelors degree from a well recognized University

Duration: 8 Months

Delivery Method: Online

Fee Structure

Full Course Fees
Registration Fee KES 1,000.00 ($ 10.00)
Certification Fee KES 0.00 ($ 0.00)
Administration Fee KES 5,000.00 ($ 50.00)
Internal Exam Fee KES 10,000.00 ($ 100.00)
External Exam Fee KES 84,000.00 ($ 840.00)
Examining Body Membership Fee * KES 0.00 ($ 0.00)
Tuition Fee KES 60,000.00 ($ 600.00)
Fees Totals KES 160,000.00 ($ 1,600.00)
* Examining Body Membership Fee may be payable through us or directly to the Examining Body

All Fees are payable in lumpusm or in installments, for details see below.
Breakdown per semester,

Trimester Total Per Trimester
Trimester 1KES 80,000.00 ($ 800.00)
Trimester 2KES 80,000.00 ($ 800.00)
TotalKES 160,000.00 ($ 1,600.00)

NB: Fees are payable in 3 installments as detailed below:

The trimester fees of KES 80,000.00 ($ 800.00) is payable in 3 installments of KES 26,666.67 ($ 266.67)

Course Requirements

All fees are payable in installements, for details check FAQs

Practical Requirements (where applicable)

For courses that require practicals, a separate fee is chargable (not included in fee structure above) as follows:

  • Short courses - KES 5,000
  • Certificate courses - KES 7,500
  • Diploma courses - KES 10,000

Course Units/Overview

Course units

CFE001 Fraud Prevention And Deterrence

CFE002 Financial Transactions And Fraud Schemes

CFE003  Investigation

CFE004  Law

Unit IDUnit Name
CFE001Fraud Prevention And Deterrence
CFE002Financial Transactions And Fraud Schemes

Course Description

Certified Fraud Examiner Course

Course Description

Does it pain you when billions of money in Kenya evaporates in thin air without a trace and you end up paying for it through tax? Where does this money disappear to? How can I be able to detect before it disappears? Well, that’s where Certified Fraud Examiner (CFE) course from Finstock Evarsity College comes in handy.

The Certified Fraud Examiner Course offered at Finstock Evarsity College is an 8 month online program awarded by the Association of Certified Fraud Examiners (ACFE). The ACFE is a provider of anti-fraud training and education.

A certificate of completion is issued upon completion of the course

CFE training involves imparting knowledge of complex financial transactions and understanding of forensic methods, law, and of how to resolve allegations of fraud. Fraud examiners are trained to understand how and why fraud occurs.

This online course mainly aims at helping students know and understand fraud, how to identify it and  understand how the different fraudulent methods can reduce the risk of someone in the company costing a business millions in the long run. Certified Fraud Examiner Course provides valuable insight into fraud and money laundering for you to take advantage of.

This course is an information packed course which is broken down into 4 manageable modules. Each module provides you with valuable insight, information and advice that you can use daily to reduce the risk of your company being a victim of fraud and money laundering.

Course units

  • CFE001 Fraud Prevention And Deterrence
  • CFE002 Financial Transactions And Fraud Schemes
  • CFE003  Investigation
  • CFE004  Law

Why you should study CFE at Finstock Evarsity College

The Certified Fraud Examiner Course is packed with useful information that you can begin implementing and applying right away. Among the many advantages of the course are:

  • You can access training modules online 24 hours a day, seven days a week.
  • Modules can be accessed from any internet-connected device.
  • The course is divided into manageable information-packed modules.
  • Enjoy unlimited online access to modules.
  • Take advantage of the convenience of online support at all times.
  • At the end of the course, you will have chances to pass a multiple-choice test.
  • Download and print your certificate upon successful completion and passing.
  • Certificate accepted in the industry.
  • Certification can be verified online by employers and potential employers.
  • Career advancement.
  • Save the company by gaining valuable insight into fighting fraud and money laundering.
  • You save in costs by studiying with us. For instance

The direct cost of CFE for a nonmember who registers themselves directly with ACFE and doesnt go for online classes with Finstock Evarsity College is;

Total $1644 (Approximately ksh 273,040).

Our subsidised cost which includes scholarship is Ksh 160,000.

That means a savings of  ksh 113,040 (About 43% savings on total cost).

NB: This savings may reduce depending on macroeconomic circumstances (e.g forex fluctuation), it is therefore highly advised to register soonest and complete your course to avoid a crawback or reduction in savings

Additional Benefits  (on top of above cost savings) of studying online at Finstock Evarsity College

  • 3 free tutor led google meet session per unit and unlimited premium sessions for exam preparation
  • Hardcopy book for each unit.
  • Over 1000 selfmarking online questions for exam preparation
  • Internal online assignments, Internal Continous Assesment Tests and Internal online exams
  • Transcript and Certificate of Completion from Finstock Evarsity College
  • Free booking of ACFE membership and exams
  • Personalized  and Consistent and  Support from Evarsity Customer Care

Other OPTIONAL items that can be acquired at a separate cost by students and non-students of Finstock Evarsity are:

1. Hardcopy Question Banks for the 4 units-- each at $200 exclusive of shipping fee of $90

Request for link to purchase from our offcicial email  info@finstockevarsity.com

2. 4 CFE Handbooks ( for non Finstock Evarsity Student __each at $50  total $200 exclusive of shipping fees of $90)

Request for link to purchase from our official email  info@finstockevarsity.com

3. Videos on Selected complex topics ( For Students and Non students)--$200

Request for link to purchase from our official email  info@finstockevarsity.com

4. Exam and Membership Registration for Non Finstock Evarsity Students--$100

Request for link to purchase from our official email  info@finstockevarsity.com

Mode of Delivery

Home and/or office-based media employing a variety of self-instructional electronic and online self-study materials, such as; written self-instructional study modules, online interactive devices and self-tests, cloud-based content, videos of lectures mediated technical learning materials e.g. audiovisual and e-learning materials.

Benefits of a Certified Fraud Examiner

  • Increase your earnings – CFEs earn 31 percent more than their non-certified colleagues according to the 2017/2018 Compensation Guide for Anti-Fraud Professionals. There are numerous institutions in Kenya that employ Certified Fraud Examiners and they actually pay them between kes 150,000 and kes 300,000 per month. Senior and experienced Certified Fraud Examiners earn over kes 700,000 per month.
    • The question here is not whether you as a CFE will get employment, but who pays better than whom. The moment you are through with the course, you shall get several offers from many potential employers; it’s you to choose who to work for. If you want to join the field of forensic science and high-level auditing and investigations, CFE is the course to pursue.
  • Advance your career– CFE certification is documented evidence of expertise and experience, representing a high level of skill, knowledge, and professionalism.
  • Enhance your marketability and job security– Robert Half International identifies the CFE as “in-demand…one of the most marketable credentials today” and A.E. Feldman, a leading executive search firm states, “…the CFE has emerged as the gold standard in the area of fraud.”
  • Gain professional visibility and credibility– The CFE is accepted worldwide as the standard of excellence in the anti-fraud profession.
  • Distinguish yourself from your peers– The CFE credential is recognized in the hiring and promotion policies of leading organizations
    ACFE research indicates that organizations with CFEs on staff uncover fraud 50 percent sooner and experience fraud losses that are 62 percent smaller than organizations that do not have CFEs on staff.

Targeted professionals who can undertake the CFE course
Professionals who are most suited to undertake the CFE certification include; Accountants, Fund Managers, Lawyers, Law Enforcement officers (Police Service and CID), Engineer, Procurement officers, Auditors, Prosecutors, Risk Management Professionals, Forensic Auditors, Security and Fraud Investigators, Risk Compliance Officers, Insurance Investigators, Criminologists

The following are the institutions that employ CFE professionals in Kenya. However, this list is not exhaustive.

National Police Service, Directorate of Criminal Investigations, Office of the Director of Public Prosecutions, Ethis and Anticorruption Commission, National Intelligence Services, Deloitte, PWC, KPMG, Earnest & Young, Ministry of Finance, Capital Markets Authority, Transparency International, Central Bank of Kenya, Office of the Auditor-General, Retirement Benefits, Authority , Insurance Regulatory Authority, Kenyan Banks, G4S and Finstock Evarsity College.

Wow, this is great, where do I start?
At Finstock Evarsity College, we got you covered. Finstock Evarsity is an online platform that  offer tuition services for the CFE course. The College Director, CPA John Kimani, is a tutor and a CFE educator member with a membership number 864614.

As a tuition provider  for CFE, Finstock Evarsity College ensures you get both internal (Finstock Evarsity College Certification) and external (international) CFE certification from the examining body (ACFE). This ensures the legitimacy and international recognition of your certification.

Summary Details
Semester Duration: 4 months 
Deadline for Application: 31st Dec 
Mode of Study: Online
Study materials: 4 hardcopy Books available
Online Practice using past papers: Available
Qualification: A certificate or diploma or degree and/or Relevant experience
Application payment mode/ Registration mode: Online Application 
Final International exam mode: Online
Date of Final Exam: In the 5th Month after enrollment.

Contacts: 0703 313 722 or email info@finstockevarsity.com


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The courses are affordable and payable in convenient installments.

Associate Membership is open to individuals of all job functions, industries and levels of experience who are interested in the prevention, detection and deterrence of fraud. If you are a professional interested in learning more about fraud, Associate Membership provides you with the knowledge, resources and training you need to do your job now and at every stage of your career.

Associate Membership Benefits

CFE Eligibility – Becoming an Associate member is the first step on the path to becoming a Certified Fraud Examiner (CFE); only ACFE members can become CFEs. Accepted worldwide as the standard of professional excellence in the anti-fraud profession, the CFE boasts a 31 percent salary premium and has been identified as 'the gold standard' in the area of fraud

Highly-regarded, member-exclusive publications – Expand your knowledge with content relevant to your career and stay current with the latest fraud-related news, information and emerging trends with Fraud Magazine, The Fraud Examiner, FraudInfo and Fraud Magazine e-newsletters.

Diverse networking opportunities – Connect and collaborate with anti-fraud professionals from all over the world at training events, local chapter meetings and online via targeted Discussion Forums, LinkedIn, Facebook, Twitter and Instagram.

Expert Training Opportunities – Sharpen your skills, increase your value in the job market and fulfill your Continuing Professional Education (CPE) requirements for the CFE and other credentials. The ACFE offers the best anti-fraud training available, including conferences, seminars, webinars, self-study courses, books and manuals.

Course Instructor(s)


Examining Body



Q1. How many intakes are there?

There are three intakes in a year as follows:



Term Period


Registration Window

January Intake

Trimester 1

Jan 1 — Apr 30



May Intake

Trimester 2

May 1 — Aug 31



September Intake

Trimester 3

Sep 1 — Dec 31



Q2. In how many installments can I pay the fees?

Payments can be done in 3 installments as specified in the fee structure.

Q3. When can I sit for the exams?

  1. Internal exams are activated for students individually.
  2. External exams are booked one month after you complete the course.
  1. Candidates must pass all four areas mentioned above in 30 days and submit them to the ACFE for grading. Exams can be taken in any order.
  2. The pass mark for each area is 75%.
  3. The examination is administered via computer so one can take it at a convenient time and location.
  4. The examination is made up of 500 multiple choice questions (125 from each area, 75 sec for each one i.e. 2.6 hours).

Q4: Is this college accredited/approved?

The college is approved under the ministry of education, through TVETA, and also through National Industrial Training Authority (NITA). The college director is an associate educator Member with the Association of Certified Fraud Examiners (ACFE USA).

Course Reviews

(3 reviews)
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Top Rated Reviews


Reviewed 21 days
0 0

Very good and useful content 


Reviewed 4 months
0 0

The CFE course was very good. 


Reviewed 3 years
Anonymous from undisclosed location
0 0

Am very excited to study this course 

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