CFE 2023 Exam Preparation Course_ Course Catalog Spring

CERTIFIED FRAUD EXAMINER
LIVE ONLINE EXAM
PREPARATION
COURSE
| 2023
A Globally Recognized Credential
to Advance Your Career
BECOME A FRAUD EXPERT

CERTIFIED FRAUD
EXAMINER (CFE) ®
The Certified Fraud Examiner ® (CFE) certification is
recognized, respected, and regarded as the gold
standard of professional excellence across the world.
CFE accreditation demonstrates skill, knowledge, and
professionalism in the field of anti-fraud. This essential
body of knowledge combines know-how in complex
financial transactions with an understanding of law and
proficiency in fraud-specific auditing and investigation
methods, as applied to resolve allegations of fraud.
Moreover, companies and government agencies place a
high value on employing and promoting CFEs in order to
address today’s challenging anti-fraud challenges as
well as foresee future issues. As a result, more
corporations, government organizations, and law
enforcement agencies are using the CFE as a desirable
credential in their employment processes.
The Certified Fraud Examiner (CFE) is accredited by the
Association of Certified Fraud Examiners (ACFE).
BENEFITS OF
BECOMING A CFE
ADVANCE YOUR CAREER: CFE certification is
documented evidence of expertise and
experience, representing a high level of skill,
knowledge, and professionalism.
INCREASE YOUR EARNINGS by acquiring a
unique set of skills that are not found in any
other career field or discipline.
IMPROVE YOUR MARKETABILITY AND JOB
SECURITY by combining knowledge of
complex financial transactions with an
understanding of investigative techniques, law,
and how to resolve allegations of fraud.
GAIN PROFESSIONAL VISIBILITY AND
CREDIBILITY: the CFE is accepted worldwide
as the standard of professional excellence in
the anti-fraud industry.
DISTINGUISH YOURSELF FROM YOUR PEERS
since every year more organizations seek
individuals with this unique skill set
ABOUT ACFE
The Association of Certified Fraud Examiners (ACFE) is
the world's largest anti-fraud professional organization
with more than 90.000 members in 160 countries and
chapters in 125 countries. Members of the ACFE include
CPAs, auditors, lawyers, investigators, law enforcement
officers, security professionals, executives, managers,
and anyone whose job involves preventing, detecting or
deterring fraud. The ACFE is reducing business fraud
worldwide and inspiring public confidence in the integrity
and objectivity within the profession.
The ACFE grants the professional designation of Certified
Fraud Examiner (CFE).
THE SCHOOL OF PROFESSIONAL STUDIES
The School of Professional Studies of Cyprus College was
established in 1977 and it was the first College in Cyprus
specializing in the provision of professional courses. Since
then, SPS is one of the leading providers in professional
education, training thousands of students to earn a
professional qualification.
SPS has been providing a first class CFE Exam
Preparation course with exceptional results for the past 6
years led by experienced and highly qualified tutors, giving
you a solid framework to study, practice, and prepare well
for the CFE Program exam with significantly improved
chances of success.

WHO SHOULD
BECOME A CFE
CERTIFIED?
If you work in internal audit, compliance and
ethics function or you are an external /internal or
forensic auditor or are looking for insight that
can add value to your career or organization,
then CFE will be beneficial for you.
It's ideal for Compliance professionals,
Insurance Professional, Lawyers, Accountants,
Auditors, Investigators, Fraud officers,
Prosecutors, Risk and Loss Management
professionals but in general it is beneficial for all
types of professionals.
CFE ENTRY REQUIREMENTS
Have a Bachelor’s degree from an institution of higher
learning. No specific field of study is required, or
Be a member of a professional recognized body
(i.e., ACCA, ICAEW, AIA, etc.), or
Two years of fraud-related professional experience for
each year of academic study.
In addition, a candidate must possess at least two years
of professional experience either directly or indirectly
related to fraud. Accounting and Auditing, Criminology &
Sociology, Fraud Investigation, Loss Prevention and Law
experience can be acceptable as fraud related.
Be of high moral character
CFE EXAMINATION
The CFE examination is a computer-based multiple-choice
examination consisting of 4 sections: Financial
Transactions & Fraud Schemes, Law, Investigation and
Fraud Prevention & Deterrence.
Test takers have two hours to complete each section of
the CFE Exam. Each section of the exam can be taken
separately as long as all sections are completed within 60
days. To pass, you must accurately answer at least 75% of
the questions in each section of the CFE Exam.
To register for the examination, candidates should first
become an ACFE member and have a CFE Examination
application approved at least one month before they plan
to take the CFE Exam. Candidates can register for the
exam by themselves through ACFE’s official site.
CFE Exam results are available in 3 to 5 business days
once all exam sections have been submitted for grading.
CAREERS AVAILABLE
WITH CFE TRAINING
WHICH PATH IS RIGHT FOR YOU?
ACCOUNTING
The field of accounting includes cost, financial, fund
management, tax and forensic accounting.
Accountants help decision-makers make appropriate
determinations, prepare financial statements,
forecast budgets, and design and monitor internal
controls.
AUDITING
Auditing involves conducting a formal review of an
individual’s or organization’s financial statements.
Auditors evaluate systems to gain information about
financial systems. They also perform validity and
reliability functions to assess a system’s internal
controls.
GOVERNANCE, RISK MANAGEMENT & COMPLIANCE
Governance, risk management and compliance
programs are implemented to prevent and detect
misconduct and to protect the interests of
employees, shareholders, businesses, governments,
and the general public.
INVESTIGATION
Investigators in the public sector can work at the
national, state, or local level in positions ranging from
local police detective to federal special agent.

SPS CFE LIVE ONLINE
EXAM PREPARATION
COURSE
PROFILE OF THE PROGRAM
This thorough, well-paced Live Online Instructor-led
course will help you acquire the knowledge and
concepts tested on the CFE Exam
Our 18-week series of Live-Online Classes led by
experienced and highly qualified tutors provides
students with a solid framework for preparing,
practicing, and performing on the CFE exam.
Our tutors cover the syllabus with exam-focused
content and assist candidates in understanding the
more challenging areas of the curriculum.
Taking into consideration the busy professional the
class will meet mostly once a week and on five
Saturdays during the 4-month tuition period, thus
allowing candidates to take advantage of their
weekends to study the material delivered during the
week.
This course, in combination with the CFE Exam Prep
Course software, will provide you with an unbeatable
combination for passing the exam.
CONTENT OF CFE EXAM PREPARATION COURSE
The exam will test your knowledge in the four major areas of fraud examination: Financial Transactions and Fraud
Schemes, Law, Investigation, and Fraud Prevention and Deterrence. These four areas correspond to the four sections
of the Fraud Examiners Manual, which is the source of knowledge for all subject matter that appears on the CFE
Exam.
Module 1
Fina nc ia l Transactions and Fraud S chem es
This section tests your comprehension of the types of
fraudulent financial transactions incurred in accounting
records. In this section of the exam, you will be required to
demonstrate knowledge of the following concepts:
Basic accounting and auditing theory
Fraud schemes & Internal controls to deter fraud
Other auditing and accounting matters
Module 2
La w
This section focuses on the statutes and common law
principles involved in prosecuting fraudsters. It also ensures
your familiarity with the many legal ramifications of
conducting fraud examinations, including:
Criminal and civil law
Rules of evidence & Rights of the accused and accuser
Expert witness matters
Module 3
Inves t igati on
This section tests your understanding of the basic tools and
techniques necessary to gather information and evidence
when conducting a fraud examination and identifying
perpetrators. It includes questions about:
Interviewing & Taking statements
Obtaining information from public records
Tracing illicit transactions
Evaluating deception & Report writing
Module 4
Fraud Prevent ion and De terrence
This section examines your understanding of why people
commit fraud and the ways to prevent it. Topics covered in
this section include:
Crime causation & White-collar crime
Occupational fraud & Fraud prevention
Fraud risk assessment
The ACFE Code of Professional Ethics

EXAM PREP COURSE ®
SOFTWARE BY ACFE
Consistency and determination are the two most
essential keys to unlock your certification. But
preparing from the genuine resources and being on
the right track is also important.
The CFE Exam Prep Course Software is a computer
self-study course that prepares you to pass the
rigorous CFE Exam while letting you study at your
own pace. Including the Fraud Examiners Manual
and 1,400 study questions and timed practice tests
stimulate the actual CFE Exam experience.
Candidates must purchase the CFE Exam Prep
Course Software directly from ACFE Institute. The
member price of the CFE Exam Prep Course
Software is $ $849.60 [approximately €710]. The
cost to take the CFE Exam is $450. If candidates
purchase the CFE Exam Prep Course, the cost to
take CFE Exam is reduced from $450 to $350.
The CFE Exam Prep Course Software is
recommended to all exam applicants. The course,
however, is not required. The Prep Course Software
will be considered complete once all review
questions have been answered correctly at least
once and a score of 85% or higher has been achieved
on all four practice exams.
CHRYSTALLA KAZARA (BBA, AIA, ACCA, CFE)
OUR AIM IS SIMPLE – TO MAXIMIZE YOUR CHANCES OF SUCCESS.
Our team of tutors are experts in their fields, highly
experienced, helping students to achieve the best results
possible by explaining the technical topics in a
straightforward way, focusing on the key areas for the
examination. Their ability to explain complex topics will
be instrumental in preparing you for the exam.
CONSTANTINOU ELENI (LAW DEG., LLM, CFE)
Eleni has earned a Law degree from the University of
Thrace and LLM in International Commercial Law from
the University of Leicester. Since 2017, she is a Certified
Fraud Examiner and member of the Association of
Certified Fraud Examiners. Over the years, Eleni has
delivered a number of presentations and trained people
in the areas of Fraud and Compliance. She has served as
Compliance Officer and Money Laundering Reporting
Officer for a Cypriot Investment Firm. Currently holds the
position of the Head of the Regulatory Compliance Unit
of a banking institution.
Chrystalla is a holder of a BA in Business
Administration, an MBA from CIIM and a Banking
Certificate from the American Bankers Association.
She is a Chartered Certified Accountant (ACCA) and a
Certified Fraud Examiner (CFE), member of the Board
of Directors and Training Director of ACFE Cyprus and
member of ACFE Global. She is also a member of
ICPAC, of the Cyprus Institute of Internal Auditors and
of ISACA Cyprus Chapter. She has 20 years of
experience in the Banking sector, in two of the largest
financial institutions in Cyprus, and has also experience
in the Corporate Services sector. Her expertise mainly
focuses on Risk Management, Regulatory
Compliance/AML, Corporate Governance, Internal
Audit, Corporate Ethics, Fraud Risk Management and
Fraud Investigations.
Currently, she is the Head-Internal Audit Function of a
private company, a corporate trainer of Professional
Development courses and an Internal Audit/Fraud
Investigations Consultant. Chrystalla has been teaching
the CFE Financial Transactions and Fraud Schemes,
Investigation and Fraud Prevention and Deterrence
modules since 2016.

SPS CFE LIVE ONLINE
EXAM PREPARATION
COURSE
TUITION FEES
MARCH – JUNE 2023
COST: €890 |
The course is partly subsidized by HRDA with the amount
of €400 *.
The net tuition fee for eligible companies will be €490.
A 10% discount applies for self-funded individuals
IMPORTANT NOTES:
Tuition fees include lectures and instructors' exam focus
notes.
The price does NOT include ACFE membership, exam
fees, or the CFE Exam Prep Course. More information on
registration procedures and costs can be found on the
official ACFE website at https://www.acfe.com/.
Exam registration and the purchase of ACFE training
materials should be handled by students individually.
* The CFE course is partly funded by HRDA. For the official HRDA directive, please visit https://www.anad.org.cy/
Participating companies that meet the HRDA criteria must fill out and submit the required HRDA documents to
SPSNicosia@cycollege.ac.cy prior to the program's start date.
Employees participating in the respective training course should attend at least 75% of the course duration.
If failed to do so, the participant will then be obligated to pay back the HRDA subsidy to SPS.
Self-funded individuals must register with a €300 down payment. The remaining balance to be paid in three
monthly installments of €167, due at the end of March, end of April, and end of May 2023.
SPS CFE LIVE ONLINE
EXAM PREPARATION
COURSE
TUITION CALENDAR
Starting on 01 March 2023
The lectures take place between 6:15pm and
9:15pm, except the FT&FS module, which class
meetings will commence at 6:00pm. Saturday's
lectures are taking place between 9:00am -
13:00pm.

LIVE ONLINE EXAM PREPARATION COURSE
TUITION CALENDAR
| 2023
A Globally Recognized Credential to Advance Your Career
CERTIFIED FRAUD EXAMINER
Mar
Apr
May NATIONAL
HOLIDAY
Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
FT&FS
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
INV
INV
9:00 -13:00pm
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Jun NATIONAL
HOLIDAY
FT&FS
Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa
FT&FS
FT&FS FT&FS
9:00 -12.15pm
INV
LAW
FT&FS
FT&FS FT&FS FT&FS
9:00-12.15pm
FP&D
LAW
Su Mo Tu We Th Fr Sa
EASTER HOLIDAY INV
INV
FP&D
9:00 -12.15pm
LAW
09:00-13:00pm
FP&D
LAW
FP&D
9:00 -13:00pm
Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu
FP&D
LAW
Class meetings will be held from 6:150 pm to 9:30pm ( includes a break of 15' minutes)
Saturday's lectures run from 9:00 a.m. to 13:00 p.m.
TUTORS TOPIC AREAS
SPS ADMINISTRATION TEAM
DIRECTOR
NICOSIA CAMPUS
KAZARA CHRYSTALLA FT&FS Financial Transactions and Fraud Schemes
Michael Michaelides mmichael@cycollege.ac.cy
FP&D Fraud Prevention & Deterrence
6, Diogenous str.
2404 Engomi, Nicosia
CFE COORDINATOR
Tel.+357 22713230
CONSTANTINOU ELENI
LAW Law Sophia Papatheodoulou s.papatheodoulou@cycollege.ac.cy
INV Investigation
Fax.+357 22660257
GENERAL ENQUIRIES
Myro Savva
Maria Dalmira
my.savva@cycollege.ac.cy
mdalmira@cycollege.ac.cy
Elena Anastasiou e.anastasiou@cycollege.ac.cy
VENUE
Email: SPSNicosia@cycollege.ac.cy
Website: http://sps.cycollege.ac.cy

CERTIFIED FRAUD EXAMINER
STAY CONNECTED
| 2023
N I C O S I A C A M P U S
6, Diogenous Str., Engomi,
P.O. Box: 22006, 1516 Nicosia
T: +357 22 713230
F: +357 22 660257
E: SPSNicosia@cycollege.ac.cy
L I M A S S O L C A M P U S
56, Archbishop Makarios III Ave,
P.O. Box 57163, 3313 Limassol
T: +357 25 867500
F: +357 25 736427
E: SPSLimassol@cycollege.ac.cy