Problem: A Certified Fraud Examiner (CFE) is a professional that is trained to prevent, detect, and deter fraud. The CFE is specially trained to detect various types of fraud within an organization. The CFE can start the investigation, and is trained on how to handle each step, up to and including court trials. You can become a fraud examiner by taking the appropriate schooling, and then passing a qualifying exam. The leading credential currently in the country for the fraud examiner is from the Association of Certified Fraud Examiners (ACFE). A forensic accounting investigator investigates only matters relating to forensic accounting. He or she investigates matters of fraud that have taken place, or are likely to take place based on risk factors, specifically in the accounting field. The Certified Fraud Examiner is trained for a broader scope of fields.