Final answer:
CFE and ACFS qualifications generally include education, experience, and specialized training in fraud and financial crime. CFEs must have a related degree and pass an exam, while ACFS professionals typically complete accredited training programs and might require relevant work experience.
Step-by-step explanation:
Qualifications for Certified Fraud Examiner (CFE) and Accredited Counter Fraud Specialist (ACFS) vary but generally include a combination of education, experience, and specialized training in fraud detection, prevention, and investigation. A CFE typically holds a bachelor's degree in a field such as accounting, criminal justice, or a related field, and must pass the CFE exam administered by the Association of Certified Fraud Examiners. Additionally, they are required to have professional experience in fraud-related work. An ACFS, on the other hand, may need to complete accredited training programs and might also need work experience in a fraud or financial crime related field.
To be recognized as a CFE or ACFS, fraud detection, fraud prevention, and investigative skills are pivotal. Professionals in these roles are often tasked with identifying and stopping fraudulent activities, providing expert testimony, and advising organizations on best practices for fraud risk management.