TIP #1 - Answer all questions to the best of your knowledge. You should guess when you are not sure. Why? Because if there are four answer options, you have a one-in-four chance of getting that question right. If you have ruled out one or two options as wrong, your chances are even higher. But if you do not guess, you have no chance at all. If you guess five times, you might get one or two more right.
TIP #2 - Additional reference books are not needed. If you are using the CFE Exam Prep Course to prepare the CFE Exam, no additional reference books or materials are needed. However, you are encouraged to review the Fraud Examiners Manual if you want more information than is provided in the CFE Exam Prep Course. The relevant information from each reference is included in the Prep Course question/answer feedback. Additionally, a small percentage of questions on the CFE Exam come from the Corporate Fraud Handbook, which is an excellent reference.
TIP #3 - If you are having difficulty with a question, mark that question. Marking a question allows you to go back and review it at any time. When you are ready to review your marked questions, please note that the program will only present those questions you have previously marked within the selected main section
ACFE Program Director Bruce Dorris, J.D., CFE, CPA, CVA, offers advice on how to handle questions that may be challenging to you on the CFE Exam Prep Course.
TIP #4 - Get a feel for "what it's all about." Your brain can begin to round up any existing knowledge you have that will help you as you read. If you prefer to skim through the Fraud Examiners Manual prior to the CFE Exam Prep Course, first begin by looking in the table of contents, which contains each of the four study sections and the associated subsections. Then start by reading a paragraph or two or several pages in a sequence. If you use this approach and start to skim through each section, you might end up discovering that you aren't just skimming through the manual; you're simply reading it with an understanding.