• Certified Fraud Control Professional™

    CFCP 250

    This is the mid-level fraud control certification for fraud control professionals with at least two years of qualified experience. You have already been involved with controlling fraud in your career for at least two years as an accountant, human resource professional, auditor, security professional, or manager, but are now ready to base your career in fraud control. Your experience in the field is an important component of your value to an employer. But experience just isn’t enough. Employers need something quantifiable and verifiable to show them you have the expertise they need. Earning the CFCP™ certification will give you the credential and proof of expertise today's employers require.

    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 a CFCP™

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

    1. Attend the required IRMCB approved curriculum course, live or online, via an IRMCB Authorized Training and Education Center. Prerequisite training for CFCP certification eligibility includes completion of all of the following:
      • Corporate Fraud Prevention and Detection
      • Advanced Interviews Techniques for Investigating Fraud and Abuse
    2. Pass the CFCP exams. For CFCP certification by IRMCB, candidates must pass IRMCB exams FC101 and FC102. IRMCB exams are administered on-line by an IRMCB ATEC. Your exam results are provided automatically upon completion of your exam.
    3. Submit your professional endorsements. Official endorsement forms are available for download from IRMCB or from IRMCB Authorized Training and Education Centers that are approved to proctor examinations. 
    4. Gain final approval from the certification committee and become certified by an IRMCB ATEC.
      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 an IRMCB accredited credential will be invoiced for certification renewal upon annual membership renewal by the IRMCB ATEC proctoring the exams. 

    Getting IRMCB standardized training and taking certification exams

    IRMCB courses are delivered by Authorized Training and Education Centers (ATECs) in standardized live and online formats. Select ATECs are also authorized to proctor exams and issue certificates.

    Authorized Training and Education Center

    Headquarters

    Authorized for Live Instructor-Led Training

    Authorized for Web-Based Training

    Authorized exam center

    Certified Information Security

    United States

    SCHEDULED EVENTS

    REGISTER

    REGISTER

  • Required Training

    CFCP certification requires successful completion of the following IRMCB authorized courses delivered by IRMCB Authorized Training and Education Centers (ATECs):

    • Fraud Prevention & Detection
    • Advanced Internview Techniques for Investigating Fraud and Abuse
  • Required Exams - #FC101 and #FC102 

    CFCP 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
  • Qualified experience for Certified Fraud Control Professional™ certification

    CFCP is a mid-level fraud control certification. This certification requires a minimum of two years of related experience.

    General characterization for eligible experience:

    • Accounting and Auditing: You may qualify if you have experience as an accountant or auditor (e.g., internal or external auditor), and have certain responsibilities for the detection and deterrence of fraud by evaluating accounting systems for weaknesses, designing internal controls, determining the degree of organizational fraud risk, interpreting financial data for unusual trends, and following up on fraud indicators.
    • Criminology and Sociology: Only those professionals with education or research in the fraud and white-collar crime dimensions of sociology or criminology may claim experience under this category. An experienced background in general sociological fields is insufficient.
    • Fraud Investigation: Experience in the investigation of civil or criminal fraud, or of white-collar crime for law enforcement agencies or in the private sector, qualifies. Examples include federal, state, or local law enforcement (e.g., IRS, inspectors general, and district attorney investigators). Insurance fraud investigators and fraud examiners working for corporations, businesses, or associations qualify as well.
    • Internal Controls, Security, and Loss Prevention: Security directors for corporations and associations who deal with issues of loss prevention may claim this experience as credit. Security consultants or other professionals dealing with fraud-related issues also are eligible. Security professionals responsible for the design, maintenance, or deployment of internal controls used to mitigate risk of unauthorized access or activity are eligible. Experience as a security guard or equivalent is not acceptable.
    • Participation in supporting previous investigation of potential fraud incidents: In the course of duties performed with the normal job functions within Human Resources, Finance, Accounts, Audit, Compliance, Industrial Relations, Procurement, and operations may qualify as eligible fraud-related experience.
    • Law: Candidates with experience in the legal field might qualify, provided the experience deals with some consideration of fraud. Examples include prosecuting lawyers, fraud litigators, and others with an anti-fraud specialization.

    Prior certification experience credits

    Each of the following professional credentials may be used to substitute for 6 months of required experience:

    Professional Credential What does it stand for?

    Certifying Authority

    ABV Accredited in Business Valuation American Institute of Certified Public Accountants (AICPA)
    ACCA/FCCA Chartered Certified Accountant Association of Chartered Certified Accountants
    AMLP Anti-Money Laundering Professional BAI Center for Certifications
    ASA Accredited Senior Appraiser American Society of Appraisers (ASA)
    AVA Accredited Valuation Analyst National Association of Certified Valuation Analysts (NACVA)
    CA Chartered Accountant The Canadian Institute of Chartered Accountants
    CAMS Certified Anti-Money Laundering Specialist The Association of Certified Anti-Money Laundering Specialists
    CB Certified Bookkeeper American Institute of Professional Bookkeepers (AIPB)
    CBA Certified Bank Auditor Bank Administration Institute
    CBCO Certified Bank Compliance Officer Bank Administration Institute
    CFA Certified Financial Analyst American Academy of Financial Management
    CFAI Certified Fire and Arson Investigator International Security and Detective Alliance
    CFE Certified Fraud Examiner Association of Certified Fraud Examiners
    CFFA Certified Forensic Financial Analyst National Association of Certified Valuation Analysts (NACVA)
    CFP Certified Financial Planner Institute of Certified Financial Planners
    CFSA Certified Financial Services Auditor The Institute of Internal Auditors
    CGA Certified General Accountant Certified General Accountants Association of Canada
    CGAP Certified Government Auditing Professional The Institute of Internal Auditors
    CGFM Certified Government Financial Manager Association of Government Accountants
    CIA Certified Internal Auditor Institute of Internal Auditors
    CIFI Certified Insurance Fraud Investigator International Association of Special Investigation Units
    CII Certified International Investigator Council of International Investigators
    CIPP Certified Information Privacy Professional International Association of Privacy Professionals
    CISA Certified Information Systems Auditor Information Systems Audit and Control Association (ISACA)
    CISM Certified Information Security Manager Information Systems Audit and Control Association (ISACA)
    CISSP Certified Information Systems Security Professional The International Information Systems Security Certification Consortium, Inc.
    CITP Certified Information Technology Professional American Institute of Certified Public Accountants (AICPA)
    CLI Certified Legal Investigator National Association of Legal Investigators
    CMA Certified Management Accountant Institute of Certified Management Accountants
    CPA Certified Public Accountant American Institute of Certified Public Accountants (AICPA)
    CPO Certified Protection Officer International Foundation for Protection Officers (IFPO)
    CPP Certified Protection Professional International Foundation for Protection Officers (IFPO)
    CPP Certified Protection Professional American Society for Industrial Security
    CRP Certified Risk Professional BAI Center for Certifications
    CSP Certified Systems Professional Institute for Certification of Computing Professionals
    CSSP Computer Systems Security Professional International Association for Computer Systems Security, Inc.
    CVA Certified Valuation Analyst The National Association of Certified Calculation Analyst
    RA Registered Accountant Royal NIVRA

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