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Certified Fraud Specialist

Certified Fraud Specialist designation

Fraud activities can have an impact on profit margins, create risk to security of information and create a negative reputation for a financials service organization. Fraud specialists work within the financial services sector to detect, respond to and mitigate fraudulent activities. A fraud specialist may look for specific fraudulent activities depending on their role within the financial service institution.

Who Should Take this Course?

The course seeks to accept suitably qualified applicants who are deemed to be able to engage in postgraduate level study and can reasonably be expected to successfully complete the course of study. This will normally be demonstrated by the achievement of a good first degree or equivalent and good academic references.

Applications are also encouraged from students who may not hold a first degree but have equivalent professional qualifications and sufficient work experience in a supervisory or managerial capacity. Normally relevant work experience equivalent to three years would be required for this entry route.

Applicants with no formal degree or professional level qualification may be accepted in exceptional circumstances, where they have had substantial business experience in a managerial capacity.

Course Delivery

The Certified Fraud Specialist (CFS) course is currently conducted in the KSA centre.

Five Required Courses

The following five modules need to be successfully completed for the Certificate Fraud Specialist Designation.

  • Course 1 : Internal Control Systems
  • Course 2 : Corporate Governance
  • Course 3 : Fraud Prevention Strategy
  • Course 4 : Fraud Risk Management
  • Course 5 : Fraud Examination and Detection Techniques

Upon passing this exam, you will earn the coveted title of Certified Fraud Specialist (CFS). The Certified Fraud Specialist has a unique set of skills that is not found in any other career field or discipline; they combine knowledge of complex financial transactions with an understanding of methods, law, and of how to resolve allegations of fraud.

For further information about this course, please contact our office at