Corruption and fraud have become a major burden on Kenya, with billions of shillings disappearing without a trace. As taxpayers, we bear the cost of these fraudulent activities, but how can we detect and prevent such thefts before they happen? The answer lies in becoming a Certified Fraud Examiner (CFE).
If you’ve ever wondered how corruption continues to thrive despite strong government systems, or how individuals are able to steal from institutions that are supposed to be accountable, then it’s time to take action. With the Certified Fraud Examiners certification from Finstock Evarsity College, you can help put an end to this widespread issue and gain valuable skills to fight fraud in Kenya.
1. What is the Certified Fraud Examiner (CFE) Certification?
The Certified Fraud Examiner (CFE) certification is awarded by the Association of Certified Fraud Examiners (ACFE), a global provider of anti-fraud training. The CFE training equips you with the tools and knowledge to understand complex financial transactions, forensic methods, and legal frameworks, all aimed at resolving fraud allegations. As a Certified Fraud Examiner, you’ll be able to identify and investigate fraudulent activities within organizations, reducing losses and ensuring accountability.
- Why Should I Pursue a Certified Fraud Examiner (CFE) Course?
The Certified Fraud Examiner (CFE) course is more than just a certificate; it’s an opportunity to shape your career while contributing to the fight against corruption in Kenya. Here’s why it’s worth considering:
- Increase Your Earnings: CFEs earn 31% more than their non-certified counterparts. In Kenya, salaries for CFEs range between KES 150,000 to KES 300,000 per month. With experience, senior professionals can earn upwards of KES 700,000 per month. Becoming a Certified Fraud Examiner opens up a world of opportunities, ensuring financial security and career growth.
- Advance Your Career: Certification as a Certified Fraud Examiner is a clear sign of expertise in forensic accounting, financial fraud, and investigative skills. It’s an asset that can elevate you in the competitive job market.
- Boost Your Marketability: The CFE certification is recognized worldwide as the gold standard in anti-fraud practices. By becoming a CFE, you increase your professional visibility, marketability, and job security.
- Enhance Your Credibility: Whether you’re working in law enforcement, the banking sector, or the insurance industry, a Certified Fraud Examiner credential will increase your credibility, making you a sought-after expert in combating fraud.
3. How Does CFE Certification Impact Your Organization?
The impact of having a Certified Fraud Examiner on your organization’s bottom line cannot be overstated. Research by ACFE shows that organizations with CFEs on staff:
- Detect fraud 50% sooner
- Experience fraud losses that are 62% smaller than those without CFEs
This could be the difference between thousands, or even millions, of shillings lost to fraud in Kenya’s insurance sector and financial institutions.
4. Which Industries Are Most Impacted by Fraud in Kenya?
Fraud is rampant across various sectors in Kenya, with the insurance industry and banking sector being particularly vulnerable. According to the Insurance Regulatory Authority (IRA) 2016 report, general insurance businesses lost over KES 2.1 billion to fraud. Similarly, the banking sector has seen massive fraud cases, such as the Imperial Bank scandal, which involved significant discrepancies in loans, overdrafts, and deposits. These incidents could have been prevented if the companies involved had well-trained, professional CFEs on their teams.
5. Who Should Take the CFE Course?
The Certified Fraud Examiner (CFE) course is ideal for professionals in the following fields:
- Accountants
- Fund Managers
- Lawyers and Law Enforcement Officers
- Auditors and Forensic Auditors
- Procurement Officers
- Risk Management and Compliance Officers
- Insurance Investigators
- Security and Fraud Investigators
- Criminologists
Whether you’re in law enforcement, auditing, risk management, or finance, the Certified Fraud Examiner course will give you the skills to tackle fraud head-on in your respective industry.
6. Where Can I Work After Becoming a Certified Fraud Examiner?
Certified Fraud Examiner (CFE) are in high demand, especially in Kenya, where fraud is a persistent challenge. Here are some of the top employers of CFEs in Kenya:
- National Police Service (NPS)
- Directorate of Criminal Investigations (DCI)
- Office of the Director of Public Prosecutions (ODPP)
- Ethics and Anti-Corruption Commission (EACC)
- Central Bank of Kenya
- Deloitte, PWC, KPMG, Ernst & Young
- Transparency International
- Kenyan Banks
- Insurance Regulatory Authority
- G4S, and many more
7. What Will I Learn During the Certified Fraud Examiner Course?
At Finstock Evarsity College, we’ve partnered with the Association of Certified Fraud Examiners (ACFE) to offer you a comprehensive and globally recognized CFE certification. Here’s what you’ll learn:
- Financial Transactions and Fraud Schemes: Identify fraud in financial transactions and learn how to detect and investigate them effectively.
- Forensic Methods and Law: Understand the legal frameworks surrounding fraud investigations and learn forensic methods for solving fraud cases.
- Fraud Prevention: Learn about fraud prevention mechanisms and how to protect organizations from future fraud risks.
8. How Do I Get Started with the Certified Fraud Examiner Course?
Starting your journey to becoming a Certified Fraud Examiner with Finstock Evarsity College is simple. Here’s how:
- Online Learning Platform: 24/7 access to online notes, quizzes, videos, practice exams, and live video conferences. This makes it convenient for busy professionals.
- Study Materials: We provide both soft and hardcopy books to help you navigate through the course with ease.
- Practice Exams: Over 1000 practice questions will help you prepare for the final exam.
- Support: We offer WhatsApp and phone support at 0703 313 722 for any queries or assistance.
The Certified Fraud Examiner course at Finstock Evarsity College is offered at an affordable fee of KES 138,250, payable in two installments of KES 69,125 or three installments of KES 23,041.67. Apply now to secure your future in fraud examination!
9. Why Choose Finstock Evarsity College for Your CFE Course?
- Global Recognition: As an accredited educator member of ACFE, we offer internationally recognized certification.
- Flexible Learning: Learn at your own pace with 24/7 access to resources and personalized support.
- Affordable: We provide a cost-effective route to gaining a Certified Fraud Examiner certification.
10. Ready to Take the Next Step?
Fraud is a growing problem in Kenya, and as a Certified Fraud Examiner, you can be part of the solution. Join Finstock Evarsity College today and take the first step towards a rewarding career in anti-fraud and forensic investigations.
For more information and to enroll, visit Certified Fraud Examiner at Finstock Evarsity College. Let’s combat fraud together!
BEST EMPLOYERS FOR CFES
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.
More information:
Website: www.finstockevarsity.com
Email us at: info@finstockevarsity.com
Contacts: 0703 313 722