Associate Pre-Examination Scholarship Program

From the scholarship committee | 

Do you want to be a CFE?

Please note the rules for applying for the Exam Prep Course, especially the deadlines for submitting applications and the need to have been an associate member in the prior membership year in order to apply. The rules are detailed with the application form on the following pages.

If you have previously submitted an application and did not receive the award, please resubmit. Since only one scholarship is awarded twice per year, you may have been a runner-up, so give it another try and resubmit. The scholarship committee welcomes your application. 

What is the exam prep course?

It is a self study course online. You complete the course by studying on your schedule. Past winners have told us while the preparation is a bit rigorous; it pays when you take the exam. If you are a member of the Association, the cost out of your pocket would $1050 if you bought; that is a good reason to turn in an application. If you are not a member of the Association, the cost out of your pocket would be $1314; that is a good reason to join the chapter and be able to apply in the future. The Scholarship is an award to you from the Chapter Board of Directors. The Chapter does not pay for the actual exam which is a minimal amount compared to the prep course. 

If you do not take the exam within one year, you repay the Chapter for the cost of the exam prep course.  Applications must be mailed to the Chapter Post Office box. 

If I have any questions, whom do I ask?

Contact Drew Baker, A_Baker40@hotmail.com 

Instructions for Application

The Chapter Board of Directors is awarding competitive scholarships to Associates who wish to become Certified Fraud Examiners. The ACFE provided a discount to the chapters making the awards. This is a competitive scholarship based on points. The Central Carolina Chapter is making the awards in order to help provide certification assistance to those Associate Chapter Members wishing to become CFE’s.

Judging will be based on maximum points in the competition. Make sure you include the narrative as stated on the instruction form. If you do not include the narrative, you will lose 25 points. The Scholarship Committee will not notify you when something is missing from the application. You need to re-check the steps to be sure that the package is complete.

The Associate Scholarship Program has replaced the old College Scholarship program. The first Associate awards were made at the August 18, 2003 seminar. Those who have received scholarship awards include Robert Crotts (deceased) who received the first award, Bryan Strickland, Tim White, Ray Clinebelle, David King, Christopher Cole, Randy Richartz.

Should the applicant not receive an award the first time he/she applies, the application must be re-submitted by the appropriate application dates. Click here for link to the application. Candidates should send the completed Application form to: Spier Holloman, Scholarship Committee, Central Carolina Chapter, P.O. Box 99666, Raleigh, NC 27624. 

Eligibility requirements include the following:

• Candidate must be an Associate Member of the ACFE in Austin and Associate Member number must be included.
• Candidate must have been an Associate member of the Central Carolina Chapter in the prior year.
• Support documents for experience and education must be available if the Committee requests them.
• Candidate must sign a statement (on last page of application) agreeing to repay the Central Carolina Chapter for the cost of the scholarship should he/she fail to take the examination for CFE within one year of the date of registration. The refund will be used to provide another Associate Scholarship.
• Candidates must include a narrative with the application. The narrative is “Why the Chapter Should Award the CFE Pre Exam Scholarship to me”. The Scholarship Committee will award up to 25 points for the narrative.
• North Carolina licensed CPA’s and those who are licensed under the Private Protective Services Board receive additional points. Certifications are not included as licenses.

Note: Be sure to follow the instructions on the application.