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

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