Q&A with Robert Reeves, CFE

Robert Reeves, CFE

Robert Reeves of New York recently became a CFE after attending a CFE Exam Review Course. He believes the CFE credential will open new opportunities for him and refine his skill set. When Reeves is not working, he enjoys hiking and skiing.

Coach: When did you receive your CFE credential?

Reeves: I was certified in October 2022.

Coach: Please describe your experience of attending the four-day Review Course in Washington, DC. What did you like most about the course?

Reeves: The Washington course was great! The real-life examples provided by the instructors made the materials extremely relatable and engaging.

Coach: Please describe your experience of taking the CFE Exam after class each day.

Reeves: The Review Course prepared me for the exam immensely throughout the day. Taking the exam each afternoon/evening was easier to get through because of the preparation.

Coach: Did you review the CFE Exam Prep Course prior to attending the Review Course? If so, how often did you study?

Reeves: I studied through the Prep Course for about 10–15 hours prior to the Washington Review Course.

Coach: In what ways do you feel that your new CFE credential will benefit you in your current profession?

Reeves: I’m a practicing CPA, constantly looking for forensic and fraud opportunities. The CFE credential opens up new networking opportunities and helps me to refine my skills in this area of expertise.

Coach: Would you recommend the Review Course to your colleagues?

Reeves: Yes, I would highly recommend this course.

Coach: How did you become passionate about fighting fraud?

Reeves: I have always had an interest in fraud and forensic work. Going back to college, I minored in fraud and economic crime and have always looked to pursue opportunities in that field. After becoming a CPA and working for Dannible & McKee, LLP, I quickly became involved in the fraud department at the firm.

Coach: Now that we know what you do professionally, what do you like to do for fun and what do you find enjoyable about it?

Reeves: I live close to the Adirondacks and am an avid hiker and skier.

Coach: Do you have any study tips or suggestions for aspiring CFEs?

Reeves: Put in the time and understand the material. Then the test will become very manageable!

Q&A with Dhawal Nayak, CFE

Dhawal Nayak, CFE

Dhawal Nayak of India recently became a CFE after preparing with the CFE Exam Prep Course. When Nayak is not working, he enjoys traveling and capturing pictures of his city. To accomplish his goal, Nayak put aside some time to focus on accomplishing his goal of obtaining the CFE credential. He is the first individual at his firm to receive the CFE credential, and he is proud of this accomplishment. He feels that being a CFE will open new opportunities and increase the scope of his work, which will benefit his learnings in the field of forensics and fraud.

Coach: When did you receive your CFE credential?
Nayak:
I received my CFE credential on the 12th of October.
 
Coach: Please describe your experience using the Prep Course.
Nayak:
I decided to be a member of the community and, after becoming a member, I purchased the Fraud Examiners Manual. Initially, I thought that I would go through it and clear the examination. I even started with one module, but it was a bit too difficult to go through all the pages. I was in a dilemma whether to purchase the Prep Course or not, but on one fine day I decided to purchase it.

As we all know, the Prep Course is divided into three parts:

  1. Pre-Assessment Examination
    This is just an overall evaluation of your general knowledge, and it tests your basic understanding regarding the subjects covered in the Prep Course with one hundred questions. The best part is it shows in which subject(s) you are strong and in which subject(s) you require more work. 

  2. Review Sessions
    The ACFE recommends that the subject in which your Pre-Assessment score is highest should be completed first, and I totally agree with their study strategy. During the Review Sessions, I prepared handwritten notes. In my notes, I wrote down the questions that I found difficult and questions in which conceptual clarity was required. Along with that, the handwritten notes also included some important or difficult words that were hard for me to understand. I used my notes for reference every once in a while, whenever I got some time and didn’t want to turn my computer on and study the Prep Course. I also went through my notes before the CFE Exam. I would recommend that people who are undergoing the CFE Exam Review Course prepare some notes while studying the Review Sessions. Now, coming back to the preparation of the handwritten notes, I think I made a mistake by doing this. The easy solution would have been making a document file of the same as it would save a lot of time; plus, you could store it in your mobile and refer to it while traveling or even while having a coffee.

  3. Practice Exams
    Practice Exams are the best part of the entire Prep Course. You can take the Practice Exams once all the questions in the Review Sessions are answered correctly. It really tests your knowledge; moreover, it boosts your confidence. Over and above that, if you score more than 85% on all the Practice Exams.

Coach: What did you like most about the Prep Course?..
Nayak:
The entire course is designed practically, so it makes preparing for the CFE Exam simple. The best thing for me was the Practice Exams. They helped me boost my confidence regarding the preparation. Initially, I scored around 75% on the Practice Exams, but then I analyzed where I went wrong and rectified it, and at the end I scored above 90%. If there wasn’t the section of Practice Exams, it would have been a bit tough for me.

Coach: In what ways do you feel that your new CFE credential will be beneficial to you in your current profession?
Nayak:
I work in a firm that does forensic investigation. As of today in my organization, I am the only one who holds the CFE, and I feel proud for the same. The CFE credential will open new opportunities for me, and of course, increase the scope of my work, which will benefit my learnings in the field of forensics and fraud. 
 
Coach: Would you recommend the Prep Course to your colleagues?
Nayak:
I would definitely recommend it to my colleagues, and some of my friends and colleagues are also planning to pursue the CFE credential soon.
 
Coach: How did you become passionate about fighting fraud?
Nayak:
My main reason to be in forensics is to do something different from what others are doing. After working in forensics for a few months, I realized how people are manipulating their books and making frauds and ultimately not able to repay loans to banks. I want to stop this practice and help banks recover their money.
 
Coach: Now that we know what you do professionally, what do you like to do for fun and what do you find enjoyable about it?
Nayak:
For fun, I usually like to travel and capture pictures. You can definitely visit my Instagram account: @dhawalnayak. I do not have that much time that I can travel frequently, but I do get some time for myself every once in a while, and I go to some places in my city and capture pictures. The best thing I find about clicking pictures is that it makes me feel good about how amazing nature is around us.
 
Coach: Do you have any study tips or suggestions for aspiring CFEs?
Nayak:
For tips, I would recommend to study sincerely for two to three hours per day and practice. Practice as much as you can. Go through some important terminologies every once in a while and be conceptually clear.

Q&A with Nichole Rodriguez, CFE

Nichole Rodriguez, CFE

Nichole Rodriguez of Colorado recently became a CFE after preparing with the CFE Exam Prep Course. When Rodriguez is not working, she enjoys camping, dining out, and going to the dog park with her dog. But this past fall, she put aside some time to focus on accomplishing her goal of obtaining the CFE credential. Rodriguez says her new CFE credential has enabled her to better serve her clients.

Coach: What did you like most about the Prep Course?

Rodriguez: There are a lot of items I liked about the Prep Course.

  • The ability to take and retake Practice Exams and knowing how I did at the end of each exam

  • The ability to select questions missed via the Review Sessions to review later

  • The checklist, which kept me on the right track and ensured I submitted everything prior to taking the exam

  • The Practice Exams, which allowed me to narrow down areas I needed to study

  • The calendar of achievements and deadlines, which allowed me to set dates of completion for myself

Coach: How long did it take you to complete the Prep Course and how often did you study?

Rodriguez: To complete the Prep Course in its entirety, it took me roughly two months. I studied every night, while at work, early in the morning, and every weekend for three or more hours. My husband would quiz me on the material daily.

Coach: In what ways do you feel that your new CFE credential will be beneficial in your current profession?

Rodriguez: The CFE credential has helped me help my clients better than ever before. It has opened my eyes to a whole new way of thinking, as well as to new ways fraudsters think. In addition to the ACFE community, I have a wonderful mentor who has helped guide me through my CFE journey.

I’ve been able to implement new internal controls learned through my CFE studies and my mentor. This has helped save my clients time and money by reducing their fraud risk. I look forward to additional doors my CFE credential will open in my career.

Coach: Would you recommend the Prep Course to your colleagues?

Rodriguez: Absolutely.

Coach: How did you become passionate about fighting fraud?

Rodriguez: There are many reasons I became passionate about fighting fraud, but I’ll provide two.

First, my husband’s identity was stolen three times. In order to protect ourselves, we had to think like a fraudster to help combat the many avenues that could be used to ruin my husband’s life. The research, fact-finding, and thrill of catching these people made my heart race with excitement. I loved reading the case files and knowing I prepared a lot of the work that would one day bring these fraudsters to justice.

The second reason is my mentor. I was privileged to assist this individual in a small aspect of a fraud case. The excitement of organizing files, researching information, data entry, and analyzing data was intriguing. My mentor opened my eyes to a whole new world and introduced me to the ACFE. I joined the ACFE shortly after our discussion and decided to pursue my CFE credential. Not once have I regretted my decision to become a CFE and am truly blessed my mentor introduced me to this new world.

Coach: Now that we know what you do professionally, what do you like to do for fun and what do you find enjoyable about it?

Rodriguez: For fun, my husband and I spend time camping, dining out, and going to the dog park with our dog, Whisper. My husband and I have been together for 23 years (high school sweethearts). He is my rock and my biggest supporter. The time we spend together is relaxing and fun.

Our dog keeps us on our toes, for she is a black Weimaraner and needs a lot of attention and love. While camping, we love to gaze at the stars, looking for falling stars, the Big Dipper, and constellations.

Coach: Do you have any study tips or suggestions for aspiring CFEs?

Rodriguez:

  • It is okay to fail. We are all human, and life happens. Just get back up, and try again.

  • Budget time to study and make an outline of what you’d like to study.

  • Take and retake the Practice Exams until you get a 95% each time.

  • Know the material. I can’t stress this enough.

  • Set deadlines of completion.

  • Ask someone to quiz you on the material studied.

  • Keep telling yourself, “I can do this,” and you will.

Q&A with Fred Arelt, CFE

Fred Arelt, CFE

Coach: When did you receive your CFE credential?

Arelt: I was certified on June 1, 2022.

Coach: Please describe your experience of attending the four-day CFE Exam Review Course in Chicago. What did you like most about the Review Course?

Arelt: The instructors were extremely knowledgeable and engaging. It was great to be in person, to be able to engage with others during breaks or meals. It was a very diverse group with unique backgrounds and experiences that made the experience even better. There is a lot of information. Having real-world examples to go along with the lessons is invaluable.

Coach: Please describe your experience of taking the CFE Exam each day after class.

Arelt: I don’t know many people that like taking exams—I know I don’t. If you have to take an exam, this is probably one of the best ways to do it. You’re tested on the material that is covered that day. The information is fresh in your mind, but it does make for a long day. There is also the benefit of knowing whether you passed the day you take the exam.

Coach: Did you review the CFE Exam Prep Course prior to attending the Review Course? If so, how often did you study?

Arelt: Yes, I went through the course and used the CFE Exam Prep Flashcard App. I went a section at a time, usually taking a few days for each section for a couple of hours a day. The Prep Course is good to get an overall understanding of the material, and I would recommend completing it prior to attending the course. The Flashcard App is good for definitions and review. I would use the Flashcard App during downtime instead of checking social media.

Coach: In what ways do you feel that your new CFE credential will be beneficial to you in your current profession?

Arelt: It’s already been beneficial. I am a Compliance and Ethics Officer. The CFE credential has added to my abilities to deter, detect, and defend against all types of risk to an organization. The CFE credential gives an individual credibility when conducting investigations or assessments that others may not have.

Coach: Would you recommend the Review Course to your colleagues?

Arelt: Yes, I attended the course after one of my colleagues completed the online course during the pandemic. I have recommended the in-person course to others in my organization.

Coach: How did you become passionate about fighting fraud?

Arelt: As a former law enforcement and academic professional, I have always been interested in why people commit crimes and how to deter this behavior. The interest in and study of fraud was a natural progression.

Coach: Now that we know what you do professionally, what do you like to do for fun and what do you find enjoyable about it?

Arelt: I enjoy traveling, but it has to be with others. Whether it’s with family or friends, somewhere I’ve never been, or somewhere I’ve been many times, it’s always a new experience.

Coach: Do you have any study tips or suggestions for aspiring CFEs?

Arelt: I would recommend completing the Prep Course and attending the Review Course in person. The instructors are a great resource; show up with questions.

Q&A with Jacob Goldwire III, CFE

Jacob W. Goldwire, III

Jacob Goldwire III of North Carolina recently became a CFE after attending a CFE Exam Review Course. This past August, Goldwire put some time aside to focus on obtaining the CFE credential, as he believes the CFE credential will help him achieve his educational, professional, and career goals. When Goldwire is not working, he enjoys golfing, coaching his son’s youth football team, and spending time with his family.

Coach: When did you receive your CFE credential?

Goldwire: I received my certification on September 12, and my certificate came shortly after.

Coach: You attended a four-day Review Course in Chicago, and following the course, you sat for the CFE Exam on-site. Please describe your experience.

Goldwire: The CFE Exam Prep Course was pivotal preparation for me prior to attending the Review Course and taking the CFE Exam. I reviewed the majority of the material approximately one and a half months prior to attending the live course, so the Review Course reinforced what I had already reviewed and prepared for at home. In addition, the course provided specificity of what would be discussed and tested on each day, which meant I had to focus on only one area at a time. I think anyone who is serious about attaining their CFE credential should attend the Review Course.

Coach: What did you like most about the Review Course?

Goldwire: I think the best parts of the Review Course were the specificity given to each part of the exam review and the ability to take the written exam immediately following that day’s review. The course allowed maximum retainability for each section of the CFE Exam due to each day focusing on only one portion of the overall exam material. The two instructors were awesome in providing vital instruction on how to focus on the volume of material being presented and the specific information highlighted throughout each day before taking each section of the CFE Exam. Providing meals, snacks, and beverages throughout each day was tremendously helpful in providing a respite from the stress of each day’s review and test.

Coach: In what ways do you feel that your new CFE credential will be beneficial to you in your current profession?

Goldwire: I have spent most of my career as a special agent, U.S. Army CID (Criminal Investigation Division), in specialized units with the majority of my investigative time spent in acquisition/procurement fraud and economic crimes investigations. Receiving my CFE credential was the next logical step in pursuing the next level of educational, professional, and career progressions. Aside from the financial benefits the CFE credential can afford, it is the additional educational and professional courses, taught by some of the leading experts in the field, that made attaining this a priority for my overall professional career. With my current assignment as the law enforcement subject-matter expert for the U.S. Army Special Operations Command, Commander’s Oversight Review Board, my CFE credential provides the organization yet another sharpened tool to utilize in support of the dynamic mission this organization engages in daily.

Coach: How did you prepare yourself to sit for the exam on-site? Did you spend any additional time studying after class each day?

Goldwire: My organization purchased the Prep Course for me about two months prior to the date of the course. Once I received the Prep Course material, I took a Practice Exam in each of the sections to get a baseline on my grasp of the information. I passed some of the sections but struggled with others. The areas I had the most difficulty with were the ones I concentrated my daily and weekly reviews on prior to attending the course. I tried not to overwhelm myself with attempting to complete an entire section in one sitting; I would usually review one hundred or so questions and then take a Practice Exam to see if I was progressing. As a result of this study method, by the time the Review Course arrived, I had passed every section at least once. This method allowed me the flexibility to fully concentrate on what was being presented during the live course because I had already acquired a baseline understanding of the volume of material and the types of questions I would potentially see on the actual CFE Exam.

Coach: Would you recommend the Prep Course to your colleagues?

Goldwire: I would strongly encourage my colleagues to take the Prep Course and pursue the certification. It is not only beneficial while still serving in an active duty position, but it is also beneficial once folks like me retire or move on to seek a civilian profession outside of the military. Most of the supervisory special agents, like myself, who have worked for any length of time in acquisitions or economic crimes see the CFE credential as one of the most important certifications an agent can receive outside of their agency’s badge and credentials.

Coach: How did you become passionate about fighting fraud?

Goldwire: As mentioned previously, most of my investigative experience has been focused on or centered around acquisitions, procurement fraud, and economic crimes. Initially, I was not all that excited about fraud and fraud investigations until I realized how complex, financially damaging, and frequent fraud or fraudulent activities occurring within the U.S. government and financial institutions are. Some of the best investigations for the government I have worked on, solved, or assisted with involved recouping stolen money or property and have been related to some level of fraud, embezzlement, procurement fraud, or other white-collar crime—in some cases, on a global level. On the surface, fraud investigations might seem mundane and very boring to an outsider, but to those of us who specialize in or have worked on these types of investigations, they can be exciting, dangerous, and rewarding all at the same time.

Coach: Now that we know what you do professionally, what do you like to do for fun and what do you find enjoyable about it?

Goldwire: I’m an avid golfer (nine handicap), so when I’m not working, coaching my son’s football team, or spending time with my family, I’m on the golf course working to improve my game. Much like professional education when it comes to fraud, in golf I’m always seeking ways to more effectively and efficiently get that little white ball in the hole.

Coach: Do you have any study tips or suggestions for aspiring CFEs?

Goldwire: I would recommend purchasing the Prep Course material as early in the process as possible. If utilized properly, it provides you with all the materials and tools you will need in preparation for the CFE Exam. In my opinion, taking advantage of the Review Course in conjunction with the study material almost guarantees success on the CFE Exam the first time you take it. By no means am I saying it will be easy; even with dedicated preparation, the examination itself can be a tremendous mental drain. However, I do feel that studying with the Prep Course and attending the Review Course allowed me to achieve first-time success and attain my coveted CFE credential.