How many questions are on the CFE exam? This is a common question among aspiring Certified Fraud Examiners (CFEs) who are preparing for this challenging certification exam. The number of questions on the CFE exam can vary depending on the section and the level of the exam, but understanding the general structure and question count can help candidates better prepare for the assessment.
The CFE exam consists of four parts, each covering a different aspect of fraud examination. These parts are: Part 1 – Fraud Examination Fundamentals, Part 2 – Financial Transactions and Records, Part 3 – Financial Statements and Reporting, and Part 4 – Legal Elements of Fraud Examination. Each part has a different number of questions, as outlined below:
Part 1: Fraud Examination Fundamentals
This section includes 50 multiple-choice questions, with a focus on the foundational knowledge required for a CFE. Candidates are expected to have a solid understanding of fraud examination principles, laws, and ethics.
Part 2: Financial Transactions and Records
This part consists of 60 multiple-choice questions that assess candidates’ knowledge of financial transactions, records, and fraud schemes. It covers topics such as cash handling, financial statements, and accounting records.
Part 3: Financial Statements and Reporting
In this section, candidates will encounter 60 multiple-choice questions that test their ability to analyze financial statements and identify potential fraud. This part requires a strong understanding of accounting principles and financial reporting.
Part 4: Legal Elements of Fraud Examination
The final part of the CFE exam includes 50 multiple-choice questions that focus on the legal aspects of fraud examination. Candidates must demonstrate their knowledge of laws, regulations, and legal procedures related to fraud investigations.
In total, the CFE exam consists of 230 multiple-choice questions. It is important to note that candidates are given a total of 4 hours to complete the exam, with each part taking approximately 1 hour and 15 minutes. This time frame should be considered when preparing for the exam, as candidates must manage their time effectively to answer all questions accurately.
Understanding the number of questions on the CFE exam can help candidates develop a study plan that addresses each section’s content and question count. By familiarizing themselves with the exam format and question types, candidates can better prepare for the challenges ahead and increase their chances of passing the CFE exam.
