Final answer:
The statement is false; CPAs focus on general accounting expertise, while CFEs specialize in fraud detection and prevention with specific training and expertise in this area.
Step-by-step explanation:
The statement 'There is no difference between a Certified Fraud Examiner (CFE) and a Certified Public Accountant (CPA)' is false. While both are certifications in the accounting and finance field, they have different focuses. A CPA is a professional designation for accountants who have passed the Uniform CPA Examination and met additional state certification and experience requirements. CPAs are recognized for their expertise in accounting, auditing, tax, and financial advisory services. On the other hand, a CFE is a professional certification offered by the Association of Certified Fraud Examiners (ACFE) for individuals who specialize in fraud prevention, detection, and deterrence. CFEs are well-versed in complex financial transactions, legal issues, and investigative techniques related to fraud.