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Best fraud specialist certifications
The best certifications for a fraud specialist are Certified Fraud Examiner (CFE), International Accredited Business Accountant (IABA), and Certified Billing and Coding Specialist (CBCS).
Fraud specialist certifications demonstrate your competency as a fraud specialist to employers. However, not all fraud specialist certifications provide the same value.
Below is a list of the best fraud specialist certifications. Obtaining a fraud specialist certification will give you a leg up when you apply for jobs and increase your potential salary.
3 best certifications for fraud specialists
| Rank | Fraud specialist certification | Organization |
|---|---|---|
| 1 | Certified Fraud Examiner (CFE) | ACFE |
| 2 | International Accredited Business Accountant (IABA) | ACAT |
| 3 | Certified Billing and Coding Specialist (CBCS) | NHA |
3 best fraud specialist certifications
1. Certified Fraud Examiner (CFE)
The ACFE established and administers the Certified Fraud Examiner (CFE) designation. Globally preferred by employers, the Certified Fraud Examiner (CFE) designation denotes proven expertise in fraud prevention, detection, deterrence and investigation. Members with the CFE credential gain a professional advantage and quickly position themselves as leaders in the global anti-fraud community.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
2. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
3. Certified Billing and Coding Specialist (CBCS)
A Certified Billing and Coding Specialist (CBCS) primarily focuses on converting a medical procedure, diagnosis, or symptom into specific codes to submit a claim for reimbursement.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 2 year(s)
What is the best certification for a fraud specialist?
The best fraud specialist certification is Certified Fraud Examiner (CFE). The Certified Fraud Examiner (CFE) is awarded by the Association of Certified Fraud Examiners. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this fraud specialist certification:
- To become a certified Certified Fraud Examiner (CFE), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every 3 year.
What are some of the most in-demand certifications for fraud specialists?
The most in-demand fraud specialist certification is Certified Fraud Examiner based on all active job postings. Having this fraud specialist certification will give you access to more fraud specialist jobs with higher salaries.
What certifications can impact a fraud specialist career and salary?
The International Accredited Business Accountant certification will help you to secure a specialist position, which will increase your pay and career trajectory. A specialist's average salary is $65,163 whereas fraud specialists make an average salary of $37,709.
The most common combination of fraud specialist certifications include: Certified Fraud Examiner (CFE), International Accredited Business Accountant (IABA), and Certified Billing and Coding Specialist (CBCS).
Online courses for fraud specialists to earn certifications
1. Forensic accounting, fraud investigation and fraud analytics
The 14 hour course(50casestudies) helps to understand fraud examination, forensic audit,financial crime, data analytics...
2. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
3. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
4. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
5. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
6. Accounting 101: Accounts Payable Best Practices For 2023
Avoid common mistakes and pitfalls when it comes to Accounts Payable. No more fraud, incorrect payments or voided checks...
7. Governmental Accounting 100
Fund accounting-governmental accounting-General Fund & government-wide activity transactions-modified accrual method...
8. Forensic Accounting: Fraud Investigation! (Course 1 of 4)
Fraud Examination, Fraud Prevention, Fraud Detection, and Fraud Correction...
9. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
10. Payroll Accounting: Laws, Calculations, and Journal Entries
Master the complex world of payroll with practical examples, legislation insights, and comprehensive problems...
11. Accounting, Bookkeeping & Financial Analysis (Accounting)
Accounting & Bookkeeping Basics. Accounting & Financial Analysis Concepts. Learn Accounting & Bookkeeping...
12. Accounting Made Easy: A Quick Guide to Financial Accounting
Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...
13. Financial Bookkeeping and Accountancy: Complete Accounting
A Complete Course on Book-keeping & Accounting Course For Level 1 & 2 aspirants...
14. Fraud Prevention, Dispute Resolution and PCI-DSS Masterclass
The fundamentals of fraud prevention and monitoring + dispute resolution + PCI-DSS requirements - now in one course...
15. Financial Accounting-Depreciation Calculation & Fixed Assets
Optimizing Asset Management: Comprehensive Guide to Property, Plant, and Equipment Accounting...
16. Introductory Financial Accounting
Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!...
17. Financial Accounting - Closing Process
Conquering the Closing Process: A Thorough Exploration of the Final Step in Accounting...
18. Real-time Credit card Fraud Detection using Spark 2.2
Real time Credit card Fraud detection using Spark Streaming, Spark ML, Kafka, Cassandra and Airflow...
19. Accounting & Bookkeeping Masterclass - Beginner to Advanced
Accounting, Bookkeeping Introduction, Accounting, Bookkeeping Entries, Accounting, Bookkeeping Adjustments & Reports...
20. Accounting & Financial Statement Analysis: Complete Training
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...