Required Exams - #FC101 and #FC102
CFCA certification requires successful completion of two exams:
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
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