Certified Fraud Control Associate

  • About

    Get trained and certified in preventing, detecting, and investigating fraud

    YouTubeIn a world fraught with personal and corporate financial insecurity, the need for skilled and knowledgeable fraud-control professionals has never been greater. As profits drop and budgets tighten, many internal managers and even officers feel forced to become "creative" with internal accounts. Employees and management alike now face multiple layoffs - often eliminating employee loyalty while making employees desperate with the prospect of living in a global economy that has all but collapsed. It has been estimated that internal occupational fraud and abuse costs organizations around 7% of gross revenues. Organizations need to stop this hemorrhage of profits, and they need to recover what has already been lost.

    Moreover, compliance with local and international laws and industry regulations such as Sarbanes-Oxley, BASEL II, CICA Instrument 52-109, and J-SOX have raised the bar globally for professional business practices expected of organizations in terms of internal fraud control, which have in turn increased the need for professionals who know how to help organizations build and maintain a strong fraud-control capability.

    Certified Information Security provides the training and credentialing you need to become recognized as an authority in preventing, detecting, and investigating internal fraud.

    Getting your professional fraud control credential is an easy process:

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  • Process

    Certified Fraud Control Associate™

    CFCA 250Fast-track your career with the support and strength of Certified Information Security certification body. If you’re a student or career changer considering moving into the field of fraud control management, you are eligible to become certified as a Fraud Control Associate by Certified Information Security. By aligning yourself with an industry leader in fraud control education, you’re jumping ahead of thousands of others vying for solid positions in the early stages of their careers. Fraud Control is an immensely rewarding career with unlimited possibilities. Earning your CFCA™ is an excellent way to get off to a good start!

    Upon completion of this training and certificate program, you will:

    • be equipped with knowledge and skills required to prevent, detect, and investigate potential occupational fraud and abuse;
    • expand your fraud control competency;
    • increase your credibility through gaining international recognition; and
    • improve your résumé and help to increase your earning potential.

     

    Getting Certified as CFCA™ Download PDF Guide

     

     Getting certified is easy, and can be accomplished completely online. The CFCA™ certification is available to qualified candidates who:

    1. Are a member of CIS in good standing. 
      If you are not already an Associate member of the CIS certification student body, you must first become a member to pursue the CFCA credential.
    2. Attend the required course, live or online. Prerequisite training for CFCA certification eligibility includes:
      • Corporate Fraud Prevention and Detection
      • Advanced Interviews Techniques for Investigating Fraud and Abuse
    3. Pass the CFCA Exams. For CFCA certification, candidates must pass exams #FC101 and #FC102. Exams are administered on-line and can be taken at your convenience at your home or work through the CIS eLearning Center, where your progress and score are monitored and recorded centrally. Your exam results are provided automatically upon completion of your exam.
    4. Submit your professional endorsements.
      CFCA is an entry-level credential and has no experience requirements. Complete exams #CF101 and #CF102, and submit three CIS Candidate Endorsement Forms to the Certification Department at CIS Headquarters. Your completed application and documentation can be mailed, transmitted by facsimile, or e-mailed to:

      Certified Information Security
      ATTN: Certification Department
      1004 Green Pine Circle
      Orange Park, FL 32065 USA
      Fax: +1(786) 522-9063
      E-mail: certification@certifiedinfosec.com
    5. Gain final approval from the certification committee and become certified by CIS.
      You will officially become certified once your exam and credentials are approved by the certification committee. Your certification kit will be mailed to the address you provided for your membership account. Those who have attained a CIS credential will be invoiced for certification renewal upon annual membership renewal. 

    Upgrade Path: Certified Fraud Control Professional (CFCP™)

  • Training

    Certified Information Security is authorized to provide all required training and exams for CFCA certification. CFCA certification candidates must successfully complete:

  • Experience

    Qualified experience for Certified Fraud Control Associate™ certification

    CFCA is an entry-level fraud control certification. This certification does not require previous qualified experience.

  • Exams

    Required Exams - #FC101 and #FC102 

    CFCA certification requires successful completion of two exams:


    Required Exam: FC101

    Exam FC101 maps to content areas explained in "Fraud Prevention and Detection."

    • 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

    Required Exam: FC102

    General Description

    Exam FC102 maps to content areas explained in "Advanced Interview Techniques for Investigating Fraud and Abuse."
    • 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
  • Costs

    It’s convenient!

    IRMCB AccreditedCertified Information Security provides the training and credentialing you need to become recognized as an authority in information security governance and risk management.  You choose the method of delivery: online through our secure website, or in-person at a publicly available course or privately at your facility.  We take care of the rest – from administration, to record keeping, to providing certificates of completion and certification.

    Online students have the additional convenience of taking courses whenever they want without the need to travel or disrupt their busy schedules. Our program allows users to start and stop without losing their place or data.  Learning and certifying expertise has never been so easy!

    How to get started - two alternatives 

    1. If your employer is paying for your training and certification, we recommend purchasing a complete CFCA certification package voucher that includes all required resources, including membership in the CIS Body of Certified Professionals, all required training programs, all recommended practice exams, and all required certification exams. This allows your employer to purchase and pay all of your necessary resources at once, while still giving you flexibility of when to use your training, practice exams, and certification exams later. 

    CFCA/CFCP/CFCM Purchase Credit Voucher

    CFCA/CFCP/CFCM Purchase Credit Voucher

    Product details

    Salesprice with discount:
    Sales price: $1,124.90
    Discount:



     

    2. If you are paying yourself, you may just want to "pay-as-you-go" by purchasing your membership in the CIS Body of Certified Professionals, training, recommended practice exams, and the certification exams as you need them. Start by purchasing training, and then purchase practice exams when you are ready. After you complete your practice exams, you then purchase your certification exam.

    A breakdown of the costs are as follows: 

    1. Required CIS Membership Application Fee & Membership Dues 

    New Membership: CIS Body of Certified Professionals (2018)

    New Membership: CIS Body of Certified Professionals (2018)

    Product details

    Salesprice with discount:
    Sales price: $100.00
    Discount:



    2. Required Training

    Required Courses (Both) Instructor-Led Online

    Corporate Fraud Prevention and Detection

    Find live training

    2. Corporate Fraud Prevention & Detection

    2. Corporate Fraud Prevention & Detection

    Product details

    Salesprice with discount:
    Sales price: $299.95
    Discount:



    -AND-

    Advanced Interview Techniques for Investigating Fraud and Abuse

    Find live training

    3. Advanced Interview Techniques for Investigating Fraud

    3. Advanced Interview Techniques for Investigating Fraud

    Product details

    Salesprice with discount:
    Sales price: $299.95
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    3. Optional Online Practice Exams

    1. FC101 Practice Exams - Part 1 of 2

    1. FC101 Practice Exams - Part 1 of 2

    Product details

    Salesprice with discount:
    Sales price: $75.00
    Discount:



    2. FC101 Practice Exams - Part 2 of 2

    2. FC101 Practice Exams - Part 2 of 2

    Product details

    Salesprice with discount:
    Sales price: $75.00
    Discount:



    3. FC102 Practice Exams

    3. FC102 Practice Exams

    Product details

    Salesprice with discount:
    Sales price: $75.00
    Discount:



    4. Required Online Certification Exams

    1. Certification Exam #FC101

    1. Certification Exam #FC101

    Product details

    Salesprice with discount:
    Sales price: $100.00
    Discount:



    2. Certification Exam #FC102

    2. Certification Exam #FC102

    Product details

    Salesprice with discount:
    Sales price: $100.00
    Discount:



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