General Description

Exam FC101 maps to content areas explained in Certified Information Security's "Fraud Prevention and Detection" course. 

• Required for CFCA, CFCP, and CFCM certifications
• Number of questions: 65
• Passing Score: 75%
• Time limit: 70 minutes

Content Areas

1. Setting Up the Organization’s Fraud Control Function and Capabilities

• Current governance issues that drive fraud risk assessment and control
• Fraud risk assessment challenges
• Fraud risk assessment
• Evaluate Fraud Risk Oversight (Business Process)
• Evaluate Fraud Risk Ownership (Business Process)
• Evaluate Fraud Risk Assessment (Business Process)
• Evaluate Fraud Risk Tolerance and Risk Management Policy
• Evaluate Process Level Controls/Anti-Fraud Re-engineering (Business Process)

2. Occupational Fraud Background

• Fraud examination methodology
• Defining occupational fraud and abuse
• Research

3. Skimming

• Skimming schemes
• Sales skimming
• Receivables skimming

4. Cash Larceny

• Cash larceny schemes
• Larceny at the point-of-sale
• Larceny of receivables
• Cash larceny of deposits

5. Billing Schemes

• Billing Schemes
• Shell Company Schemes
• Billing schemes involving non-accomplice vendors
• Personal purchases with company funds
• Proactive computer audit tests for detecting billing schemes

6. Check Tampering

• Check tampering schemes
• Forged maker schemes
• Forged endorsement schemes
• Altered payee schemes
• Check concealment schemes
• Authorized maker schemes
• Concealing check tampering

7. Payroll Schemes

• Ghost employees
• Falsified hours and salary
• Commission schemes
• Proactive computer audit tests for detecting payroll fraud

8. Expense Reimbursement Schemes

• Mis-characterized expense reimbursements
• Fictitious expense reimbursement schemes
• Multiple reimbursement schemes
• Proactive computer audit tests for detecting expense reimbursement schemes

9. Register Disbursement Schemes

• False refunds
• False voids
• Concealing register disbursements

10. Corruption

• Corruption schemes
• Bribery
• Economic extortion
• Illegal gratuities
• Preventing and detecting register disbursement schemes

11. Fraudulent Financial Reporting Schemes

• Defining financial statement fraud
• Costs of financial statement fraud
• Fraud in financial statements – Who, why, and how?
• Financial statement fraud methods
• Fictitious revenues
• Timing differences
• Concealed liabilities and expenses
• Improper disclosures
• Improper asset valuation
• Detection of fraudulent financial statement schemes

General Description

Exam FC102 maps to content areas explained in Certified Information Security's "Advanced Interview Techniques for Investigating Fraud and Abuse" course.

• Required for CFCA, CFCP, and CFCM certifications

• Number of questions: 65

• Passing score: 75%
• Time limit: 70 minutes 

Content Areas

1. Know Your Boundaries: Legal Considerations for Investigating and Interviewing

• Legal authority to conduct interviews
• Use of deception in interviews
• Employee’s duty to cooperate
• Consideration of employee rights under law
• Consideration of Trade Unions
• Common law considerations

2. Understanding the Science of Communication

• Types of conversation
• Communication inhibitors
• Communication facilitators
• Verbal Communication
• Communication Analysis

3. Preparing for the Interview

• Planning the Investigation
• Establishing the foundation for investigation
• Developing Evidence
• Physical considerations for interviewing

4. Conducting the Interview

• Step 1 – Opening the interview
• Step 2 - Developing information from the interview with information-seeking questions
• Step 3 - Investigating with Assessment questions
• Step 4 – Closing the Interview, Re-Assessing, and Confirming Facts
• Step 5 – Obtaining the confession with admission-seeking questions

5. Reporting Findings

• Purpose
• Accuracy
• Clarity
• Objectivity
• Timeliness
• Common mistakes
• Organization of information
• Consideration of target audience
• Report structure