Qualified experience for Certified Fraud Control Professional™ certification
CFCM is an expert-level fraud control certification. This certification requires a minimum of five 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 |
