Introduction: BP - Remote Fraud Examination Consulting Services (BP-RFECS)
My mission is to prevent fraud from happening in the first place
I work with businesses or business owners to analyze their financial data for possible fraud or abuse of their resources.
Contact me if you suspect any fraudulent activities or the manipulation of accounting data in your business and need a neutral third party to look at it.
I conduct risk assessments of various areas of the business and review policies and procedures for each account separately to provide recommendations to improve and strengthen weak policies.
See my introduction for more details.
BP - Remote Fraud Examination Consulting Services (BP-RFECS) is based in Baltimore, Maryland (USA) and provides remote forensic accounting and financial services to big and small companies, including small family businesses.
My Name is Bathelemew (Barth) Pobee. I am a consultant and a Certified Fraud Examiner since 2010, and I graduated with my master’s degree in forensic accounting from Stevenson University in May of 2022.
According to the 2022 Association of Fraud Examiners Annual Report to the Nations, organizations lose an average of five percent of their revenue to fraud each year, with a median loss per case of $117,000.00 and an average loss per case of $1,783,000.00. According to the same report, only 4% of fraud was initially detected by external control audit and 16% by internal control audit.
External auditors are not there to detect fraud, and they are not looking for it either. Their services are expensive, and not everyone can afford them. Meanwhile, the threat of familiarity limits the effectiveness of internal control. That is where BP-RFECS comes in. My services give businesses the opportunity to focus on preventing and detecting fraudulent activities and therefore to prevent the waste of revenue to fraud.
I provide affordable customized services based on the risk profile of each entity. I review policies and procedures for each account separately; I provide recommendations to improve and strengthen weak policies, and I review the actual accounting data record for possible fraud or abuse.
• Fraud risk assessment services
1 - Employee Assessment
2 - Management/Key Employee Assessment
3 - Physical Controls (to Deter Employee Theft and Fraud)
4 - Skimming Schemes
5 - Cash Larceny Schemes
6 - Check Tampering Schemes
7 - Cash Register Schemes
8 - Purchasing and Billing Schemes 9- Payroll Scheme
10 - Expense (Reimbursement) Schemes
11 - Theft of Inventory and Equipment
12 - Theft of Proprietary Information
13 - Corruption
14 - Conflicts of Interest
15 - Fraudulent Financial Reports
16 – Other - Per Request
• Review of policies and procedures (and recommendations for improvement)
• Examination of specific accounts based on intrinsic and extrinsic risk factors identified.
• Data mining and historic data analysis
• Agreed-upon procedures
• Organize a seminar about the importance of ethics and anti-fraud awareness for employees (Virtually or in Person).
Protecting your data is important to me. I will only collect vital data with no access to the data by another person. I will use a password to protect against unauthorized access. I request an edit to any personally identifiable numbers, such as SSN is edited for the last five digits or any other combination that would still allow me to identify the individual if need be.
I will protect the entity’s proprietary data. I will not share the data with any third party.
I will sign a non-disclosure agreement from the entity.
All deliverables will be specified in a contract after the initial contacts and before the beginning of the work. The number of hours per deliverable will be specified. Any hours above the specified time in the contract must be approved by the customer.
1- $150 an hour (for the first year in service) or a negotiated flat fee per service (or account).
Note: 50% of the total fees will be paid before the beginning of the consultation and the remaining upon completion of the project.
2- 25% of total amount recovered from any fraud we uncover.
I am not a licensed private investigator- any initial findings may require additional expertise of a private investigator (especially if it includes surveillance).