Fraud Examiner Certificate Online

Program Overview

Forensic accounting combines accounting principles with fraud detection and prevention. The demand for professionals in this field is growing, with a projected 4% job growth through 2032. Forensic accountants can work in various settings, including consulting firms, financial institutions, and government organizations. Earning a Certified Fraud Examiner (CFE) certification can enhance career prospects and increase earning potential.

Program Outline

Careers:

Forensic accounting combines accounting principles with the detection and prevention of fraud against the government, corporations, organizations and individuals. The demand for professionals with accounting certificates and accounting degrees is rising, creating a strong job market for those with an accounting background. In 2021 alone, about 1.4 million were employed as accountants or auditors.1 And forensic accountants have become crucial to business since – according to a 2022 survey, 46% of surveyed organizations experienced fraud or other economic crime in 2020 and 2021, totaling billions of dollars in financial loss.2 Job Growth According to the U.S. Bureau of Labor Statistics, accounting and auditing career opportunities are expected to grow 4% through 2032 — adding about 67,400 new jobs per year.1 Salary In 2022, the median annual wage for all accountants and auditors was $78,000.1 Understanding the Numbers When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors — like years of experience in the role, industry of employment, geographic location, worker skill and economic conditions. Cited projections do not guarantee actual salary or job growth. The U.S. Bureau of Labor Statistics (BLS) notes that accountants and auditors who've earned professional recognition should have an advantage in the job market.1 And that works out well for those pursuing SNHU's online Fraud Examiner Certificate, because the forensic accounting courses you'll take can help prepare you for the Certified Fraud Examiner (CFE) exam. What can a CFE certification do for your career? According to the Association of Certified Fraud Examiners (ACFE), it can help you3: Increase your earnings – CFEs make about 17% more than their non-certified colleagues Increase your marketability — CFE is known as the standard of excellence in the field and nearly 90% of Fortune 500® companies employ at least one CFE Impact your company's bottom line — Companies with CFEs on staff uncover fraud about 40% sooner Forensic accountants also have plenty of choices as to where they could work. Consulting firms Help businesses — including financial institutions, as well as public and private enterprises — conduct, facilitate or oversee investigative accounting work. Financial institutions Work as an in-house forensic accountant, monitoring fiscal activity, setting guidelines for financial compliance and conducting risk assessments. Public accounting firms Assist a variety of clients who are in need of investigative support and/or risk mitigation services. Government organizations Help support efforts to control government spending by ensuring public funds are being used. Insurance companies Conduct claims analysis and processing for insurance claims to ensure adequate services are rendered and align with billing and adjustments. Law enforcement agencies Participate in criminal investigations involving financial crimes by auditing accounting records in search of misappropriation of funds evidence.