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All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |
SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: |
Advanced Certificate: Fraud Examination |
SAQA QUAL ID | QUALIFICATION TITLE | |||
67269 | Advanced Certificate: Fraud Examination | |||
ORIGINATOR | ||||
Association of Certified Fraud Examiners | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
FASSET - Financial and Accounting Services SETA | OQSF - Occupational Qualifications Sub-framework | |||
QUALIFICATION TYPE | FIELD | SUBFIELD | ||
Advanced Diploma | Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | ||
ABET BAND | MINIMUM CREDITS | PRE-2009 NQF LEVEL | NQF LEVEL | QUAL CLASS |
Undefined | 120 | Level 6 | NQF Level 07 | Regular-Provider-ELOAC |
REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
Passed the End Date - Status was "Reregistered" |
SAQA 9999/99 | 2018-07-01 | 2023-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This qualification is replaced by: |
Qual ID | Qualification Title | Pre-2009 NQF Level | NQF Level | Min Credits | Replacement Status |
123002 | Advanced Occupational Diploma: Fraud Examiner | Not Applicable | NQF Level 07 | 255 | Will occur as soon as [NEW] is registered |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
Purpose:
The aim of this program is to provide the opportunity to have an international agreed minimum standard for fraud/forensic investigators and auditors in South Africa, equal to international standards. The purpose of this qualification is to equip ACFE members with skills necessary to carry out fraud examinations efficiently, effectively and ethically and in so doing help to reduce business fraud and to inspire public confidence in the integrity and objectivity of fraud examiners and work. Rationale: The Association of Certified Fraud Examiners (ACFE) is a member-based global association dedicated in providing anti-fraud education and training. The ACFE is an international, professional organisation with 45000 international and 1300 SA members. Membership consists of Internal and External Auditors, Prosecutors, Attorney', Investigators in the private and public domain, and SAPS officials. This qualification is needed by the sector the provide Fraud Examiners with the necessary, knowledge, skills and attitudes to perform their task as fraud examiners in a variety of settings and sectors. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that learners are competent in Communication at NQF Level 6.
Access to the Qualification: In order to promote high standards of professionalism and ethics, the ACFE requires candidates who wish to enrol for this qualification to meet certain professional, academic, and character-based criteria. Learners must meet the following requirements: The following requirements apply: Academic requirements: Generally, applicants for CFE certification have a minimum of a Bachelor's degree (or equivalent) from an institution of higher learning. Ilearners without a Bachelor's degree, may substitute two years of fraud-related professional experience for each year of academic study. Professional Requirements: Learners must have at least two years of professional experience in a field either directly or indirectly related to the detection or deterrence of fraud. The Board of Regents has established the following categories as acceptable fraud-related experience: If the learner's experience does not fall into one of the above categories, but his/her responsibilities include the detection, investigation, or deterrence of fraud, he/she may submit an application and it will be considered. |
RECOGNISE PREVIOUS LEARNING? |
N |
QUALIFICATION RULES |
N/A |
EXIT LEVEL OUTCOMES |
1. Understand Criminology concepts and the ethics of the fraud eaxmination profession.
2. Describe the types of fraudulent financial transactions. 3. Investigate fraud. 4. Understand illegal elements of fraud. Critical Cross-Field Outcomes: |
ASSOCIATED ASSESSMENT CRITERIA |
Associated Assessment Criteria for Exit Level Outcome 1:
Associated Assessment Criteria for Exit Level Outcome 2: Associated Assessment Criteria for Exit Level Outcome 3: Associated Assessment Criteria for Exit Level Outcome 4: Integrated Assessment: The CFE Exam is a Windows-based application in CD-ROM format, and has a number of sophisticated controls to ensure that the integrity of each exam is generated from a master database. No two tests are alike. It will take approximately 10 hours to complete the CFE Exam. Each section is allocated a maximum of 2.6 hours to complete. Each of the four exam sections has 125 questions and you will have a maximum of 75 seconds to answer each question. You have only 30 days to complete all four sections of the CFE Exam and return it to the ACFE for grading, and need complete each section in one sitting. You however do not need to complete all four sections at once. |
INTERNATIONAL COMPARABILITY |
Although mostly self-study, the following schools offer the CFE Exam Course to assist members of ACFE who wish to undergo certification:
Both the CFE and it's exam is recognised and accepted in 141 chapters around the globe. SA is registered as chapter 91. A number of the SA Universities currently make use of the ACFE's material (including the manual) in courses presented by the Universities. The University of Pretoria, the University of Potchefstroom,and RAU are only a few using ACFE material during their courses (Advanced Certificate in Fraud Examination - UP, Higher Diploma in Forensic Accounting and Investigation - UP). |
ARTICULATION OPTIONS |
N/A |
MODERATION OPTIONS |
All members are required to pass the CFE Examination in order to earn their CFE designation.
In order to be awarded the qualification learners must obtain at least 75% for each and every section. Test scores and examination are moderated by the Board of regents of the ACFE. In addition: |
CRITERIA FOR THE REGISTRATION OF ASSESSORS |
For an applicant to register as an assessor for this Qualification, the applicant should:
|
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2009; 2012; 2015. |
NOTES |
As per the SAQA decision to re-register all provider-based qualifications on the National Qualifications Framework that meet the criteria for re-registration, this qualification has been re-registered from 1 July 2018. As per the SAQA decision to re-register all provider-based qualifications on the National Qualifications Framework that meet the criteria for re-registration, this qualification has been re-registered from 1 July 2018. |
LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: |
When qualifications are replaced, some of their learning programmes are moved to being recorded against the replacement qualifications. If a learning programme appears to be missing from here, please check the replacement. |
NONE |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
NONE |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |