UNCOVER TRUTH
PROTECT ASSETS
ENSURE INTEGRITY
PROTECT ASSETS
ENSURE INTEGRITY
We provide personalized and expert forensic and financial investigation services for businesses in Central Asia
and Eastern Europe
and Eastern Europe
We specialize in detecting and preventing hidden fraudulent transactions, helping our clients avoid unwanted financial losses
LOOKING FOR A WAY TO PROTECT YOUR INCOME AND SECURE YOUR BUSINESS FROM DISHONEST EMPLOYEES?
THERE'S SUSPICION OF THEFT AND YOU NEED PROOF?
ARE YOU A TOP MANAGER LOOKING TO CONSERVE RESOURCES AND LEGAL DEFENSE?
Our mission is to provide corporate clients with personalized and expert financial investigation and forensic services
leveraging our collective experience and the commitment of our agile team to detect financial irregularities, protect assets and promote market confidence
70+
YEARS OF TEAM EXPERIENCE
METHODOLOGY AND
INVESTIGATIVE PROCESS
INVESTIGATIVE PROCESS
BUSINESS PROCESSES AT RISK? INCREASE YOUR COMPANY'S SECURITY
FACING BANKRUPTCY? PROTECT YOUR RIGHTS AND MINIMIZE YOUR LOSSES
PROTECT YOUR INTERESTS AND ENHANCE YOUR FINANCIAL STABILITY
Our approach to forensic corporate fraud investigation is based on a deep understanding of each client's unique needs and the application of personalized analytical techniques. We use specialized software products to collect and analyze data, thereby ensuring the accuracy and legitimacy of our findings
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Responsibility in the face of financial threats requires a professional approach. We can help you organize an effective system to counteract theft within the company
We will conduct all necessary internal investigations and gather compelling evidence for your case. Protect your assets and reputation with our help
Reduce your tax burden and minimize the risks associated with government audits. We are on your side in the fight for efficiency and safety
Ensure strong protection against internal theft, information leaks and unauthorized access. Our team will provide comprehensive services to audit and strengthen the security of your business processes
Bankruptcy can be a complex and stressful process, but with the right support, it also provides opportunities for protection and recovery. Our team offers full legal support, analyzing the causes of bankruptcy and protecting the interests of everyone involved in the process. We can help you obtain the best possible terms and preserve key assets
Our team of experts provides comprehensive legal support and financial protection against internal and external fraud. We assist in resolving disputes, minimizing tax burden and preventing financial losses through professional internal investigations and effective anti-fraud strategies
WHAT WE DO
IN-DEPTH FINANCIAL ANALYSIS
CASH FLOW MAPPING
COUNTERPARTY VERIFICATION
We will analyze your financial statements, identify abnormal changes and evaluate financials for inconsistencies
Create a detailed map of the flow of your finances to track spending patterns and identify potential leakages
Identify risky relationships with counterparties, including one-day firms and affiliated structures
Предоставление индивидуализированных решений: Сосредотачиваемся на предоставлении индивидуальных судебно-экспертных решений, адаптируемых под конкретные потребности и вызовы каждого клиента, используя гибкость и оперативность нашей небольшой команды для быстрой реакции на изменяющиеся обстоятельства.
Сохранение этической целостности: Безусловное соблюдение высочайших этических стандартов во всех аспектах нашей работы, заслуживая доверие и уважение наших клиентов, коллег и общества в целом.
Развитие команды: Инвестирование в профессиональное развитие и благополучие наших сотрудников, содействуя культуре непрерывного обучения, сотрудничества и взаимной поддержки, которая позволяет каждому члену команды раскрыть свой потенциал.
Достижение операционного совершенства: Стремление к операционному совершенству во всех аспектах нашего бизнеса, постоянное совершенствование наших процессов, систем и методологий для оптимизации эффективности, точности и удовлетворенности клиентов.
Наши цели:
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ANALYSIS
HIGH-RISK AREAS
HIGH-RISK AREAS
DRAWING CONCLUSIONS AND REPORTING
Conduct an in-depth study of the areas most at risk of fraud and identify fraudulent schemes
The report will detail the fraudulent schemes detected, damage assessment, and recommendations for preventing future incidents
CASH FLOW MAPPING
Create a detailed map of the flow of your finances to track spending patterns and identify potential leakages
COUNTERPARTY VERIFICATION
Identify risky relationships with counterparties, including one-day firms and affiliated structures
ANALYSIS
HIGH-RISK AREAS
HIGH-RISK AREAS
Conduct an in-depth study of the areas most at risk of fraud and identify fraudulent schemes
DRAWING CONCLUSIONS AND REPORTING
The report will detail the fraudulent schemes detected, damage assessment, and recommendations for preventing future incidents
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IN-DEPTH FINANCIAL ANALYSIS
We will analyze your accounting records, identify abnormal changes and evaluate financials for discrepancies
THE RESULTS YOU'LL GET
DETAILED REPORT
SITUATIONAL AWARENESS
INTERNAL CONTROL SYSTEM
We will provide you with a comprehensive report fully describing the actions taken and the facts found, supported by financial evidence
You will know if fraud exists in your company, who is behind it and the extent of the damage
We will design and implement a control system to help minimize future fraud risks
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BENEFITS OF COOPERATION WITH US
PERSONALIZED APPROACH
EXPERIENCE AND PROFESSIONALISM
LEGALITY AND CONFIDENTIALITY
Every investigation is unique. We customize our methods and tools to meet the specific needs and wishes of the client
Our experts have in-depth knowledge and years of experience in the field of forensics, enabling them to effectively solve even the most complex fraud cases
All investigations are conducted in strict compliance with the law and with respect for the confidentiality and rights of all parties concerned
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Our team provides scalable forensic solutions customized to each client's unique needs, with rapid adaptation to change
We are committed to upholding the highest ethical standards in everything we do, earning the trust of our customers and the respect of the community
Maintain a culture of continuous learning and collaboration by investing in the professional and personal development of our employees
OUR GOALS
Continuously improve our processes and systems in an effort to optimize the efficiency and accuracy of our services
CUSTOMIZED SOLUTIONS
ETHICAL INTEGRITY
TEAM DEVELOPMENT
OPERATIONAL EXCELLENCE
ABOUT US
ALBERT ASMATULAEV
JENS JUNGMANN
ANDRÉ SCHOLZ
Albert is an experienced financial specialist with more than ten years of experience in audit services. He has been a member of the Association of Chartered Certified Accountants (ACCA) since 2014 and a holder of an auditor qualification license of the Republic of Kazakhstan since 2016.
Albert has held key positions in leading audit firms in Kazakhstan and Europe, including as a senior manager in the audit department. He has managed numerous teams simultaneously performing various audit engagements. His professional experience covers work in industries such as oil and gas, telecommunications, power generation, railroads, airlines and construction. Albert has performed audits for national, publicly traded and private companies, allowing him to accumulate in-depth knowledge and practical skills in these fields
Albert has held key positions in leading audit firms in Kazakhstan and Europe, including as a senior manager in the audit department. He has managed numerous teams simultaneously performing various audit engagements. His professional experience covers work in industries such as oil and gas, telecommunications, power generation, railroads, airlines and construction. Albert has performed audits for national, publicly traded and private companies, allowing him to accumulate in-depth knowledge and practical skills in these fields
Jens is a seasoned professional with over thirty years of experience in financial investigations, auditing and consulting. He began his career working for one of the world's leading accounting firms, where he honed his skills in financial analysis and auditing. Jens later took up the position of Managing Partner at a large German audit network, successfully managing a diverse portfolio of clients in Europe and Asia.
In 2013, he co-founded RSP International, a multidisciplinary firm specializing in legal, tax and audit services. Over the years, Jens has demonstrated exceptional ability in a variety of industries, including manufacturing, energy and construction, demonstrating a mastery of complex fraud investigations and financial disputes.
His professional accomplishments are reinforced by a strong educational foundation that includes a CPA certificate from Massachusetts, USA, and audit licenses in several countries, including Poland, Romania and Kazakhstan. Jens is also accredited as a Certified Fraud Examiner in the US and a Professional Business Accountant in Singapore. His international certification as a certified forensic interviewer emphasizes his commitment to upholding high ethical standards and uncovering the truth
In 2013, he co-founded RSP International, a multidisciplinary firm specializing in legal, tax and audit services. Over the years, Jens has demonstrated exceptional ability in a variety of industries, including manufacturing, energy and construction, demonstrating a mastery of complex fraud investigations and financial disputes.
His professional accomplishments are reinforced by a strong educational foundation that includes a CPA certificate from Massachusetts, USA, and audit licenses in several countries, including Poland, Romania and Kazakhstan. Jens is also accredited as a Certified Fraud Examiner in the US and a Professional Business Accountant in Singapore. His international certification as a certified forensic interviewer emphasizes his commitment to upholding high ethical standards and uncovering the truth
Andre Scholz has more than twenty years of experience in audit, tax and consulting, making him an indispensable asset to our team. Having started his career in audit in Germany, he continued his practice at one of the leading audit networks in the CIS based in Moscow, where he soon became a managing partner.
In 2013, Andre co-founded RSP International, a multifunctional consulting firm providing legal, tax and audit services. He has successfully managed complex projects in the manufacturing, energy and construction sectors, demonstrating high competence in fraud investigations, financial and tax disputes.
Andre Scholz holds a number of prestigious professional licenses highlighting his expertise. He is a Certified Tax Advisor from the Chamber of Tax Advisors in Berlin and a Certified Public Auditor accredited by the Chamber of Auditors in Berlin. These qualifications attest to his ability to ensure accuracy and integrity in financial reporting and the quality of his consulting services.
Andre also actively shares his knowledge through publications and seminars, co-authoring the book “Accounting in Russia” and authoring more than 20 scientific papers on economic, accounting and tax issues
Auditor | Tax Consultant (Germany)
Auditor | ACCA | FCCA
Auditor | CFE | CFI (LM) | ISCA PBA | CICA
Andre Scholz has more than twenty years of experience in audit, tax and consulting, making him an indispensable asset to our team. Having started his career in audit in Germany, he continued his practice at one of the leading audit networks in the CIS based in Moscow, where he soon became a managing partner.
In 2013, Andre co-founded RSP International, a multifunctional consulting firm providing legal, tax and audit services. He has successfully managed complex projects in the manufacturing, energy and construction sectors, demonstrating high competence in fraud investigations, financial and tax disputes.
Andre Scholz holds a number of prestigious professional licenses highlighting his expertise. He is a Certified Tax Advisor from the Chamber of Tax Advisors in Berlin and a Certified Public Auditor accredited by the Chamber of Auditors in Berlin. These qualifications attest to his ability to ensure accuracy and integrity in financial reporting and the quality of his consulting services.
Andre also actively shares his knowledge through publications and seminars, co-authoring the book “Accounting in Russia” and authoring more than 20 scientific papers on economic, accounting and tax issues
In 2013, Andre co-founded RSP International, a multifunctional consulting firm providing legal, tax and audit services. He has successfully managed complex projects in the manufacturing, energy and construction sectors, demonstrating high competence in fraud investigations, financial and tax disputes.
Andre Scholz holds a number of prestigious professional licenses highlighting his expertise. He is a Certified Tax Advisor from the Chamber of Tax Advisors in Berlin and a Certified Public Auditor accredited by the Chamber of Auditors in Berlin. These qualifications attest to his ability to ensure accuracy and integrity in financial reporting and the quality of his consulting services.
Andre also actively shares his knowledge through publications and seminars, co-authoring the book “Accounting in Russia” and authoring more than 20 scientific papers on economic, accounting and tax issues
Albert is an experienced financial specialist with more than ten years of experience in audit services. He has been a member of the Association of Chartered Certified Accountants (ACCA) since 2014 and a holder of an auditor qualification license of the Republic of Kazakhstan since 2016.
Albert has held key positions in leading audit firms in Kazakhstan and Europe, including as a senior manager in the audit department. He has managed numerous teams simultaneously performing various audit engagements. His professional experience covers work in industries such as oil and gas, telecommunications, power generation, railroads, airlines and construction. Albert has performed audits for national, publicly traded and private companies, allowing him to accumulate in-depth knowledge and practical skills in these fields
Albert has held key positions in leading audit firms in Kazakhstan and Europe, including as a senior manager in the audit department. He has managed numerous teams simultaneously performing various audit engagements. His professional experience covers work in industries such as oil and gas, telecommunications, power generation, railroads, airlines and construction. Albert has performed audits for national, publicly traded and private companies, allowing him to accumulate in-depth knowledge and practical skills in these fields
Jens is a seasoned professional with over thirty years of experience in financial investigations, auditing and consulting. He began his career working for one of the world's leading accounting firms, where he honed his skills in financial analysis and auditing. Jens later took up the position of Managing Partner at a large German audit network, successfully managing a diverse portfolio of clients in Europe and Asia.
In 2013, he co-founded RSP International, a multidisciplinary firm specializing in legal, tax and audit services. Over the years, Jens has demonstrated exceptional ability in a variety of industries, including manufacturing, energy and construction, demonstrating a mastery of complex fraud investigations and financial disputes.
His professional accomplishments are reinforced by a strong educational foundation that includes a CPA certificate from Massachusetts, USA, and audit licenses in several countries, including Poland, Romania and Kazakhstan. Jens is also accredited as a Certified Fraud Examiner in the US and a Professional Business Accountant in Singapore. His international certification as a certified forensic interviewer emphasizes his commitment to upholding high ethical standards and uncovering the truth
In 2013, he co-founded RSP International, a multidisciplinary firm specializing in legal, tax and audit services. Over the years, Jens has demonstrated exceptional ability in a variety of industries, including manufacturing, energy and construction, demonstrating a mastery of complex fraud investigations and financial disputes.
His professional accomplishments are reinforced by a strong educational foundation that includes a CPA certificate from Massachusetts, USA, and audit licenses in several countries, including Poland, Romania and Kazakhstan. Jens is also accredited as a Certified Fraud Examiner in the US and a Professional Business Accountant in Singapore. His international certification as a certified forensic interviewer emphasizes his commitment to upholding high ethical standards and uncovering the truth
OUR CASES
Our team has extensive work experience in various countries, including Armenia, Austria, Azerbaijan, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Germany, Hungary, India, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Malta, Moldova, Poland, Romania, Russia, Serbia, Slovakia, South Africa, Thailand, Ukraine, USA, Uzbekistan
- The company manufactured consumer goods and sold them by mail order. As part of its process, customers were allowed to return goods within 4 weeks of purchase. Because of the size of the goods, the returns were processed by an outside company. This company categorized returns as follows: A) Repackaged and ready for resale, B) Minor repairs and discounted sales through specialty outlets (similar to Amazon Warehouse), and C) Write-offs. We were tasked with evaluating internal controls and found a lack of controls in categorizing returns into A, B, and C categories. Further investigation revealed collusion between the director and an outside company to categorize all items as C, regardless of condition, and share the profits from the sale of those items. The total loss over the years exceeded 10 million euros.
- This company's business model was to provide services to construction companies. They purchased machinery equipment and were often involved in sale and leaseback transactions, sometimes including cross-border transactions and affiliations. During our interaction with one of the lessor companies, we discovered that the same self-machinery equipment had been sold to as many as 10 different lessee companies. The profits from these transactions were used in part to hide the fictitious sales. Our client had two leasing agreements totaling €5 million. Although we were able to verify one of these machines, the second, although relatively new, had been sold for scrap and could not be presented for verification.
- Our client commissioned us to investigate the internal control system of its subsidiary in connection with a major fraud case at the parent company in Europe. We found that the internal control system was partially missing and ineffective in the areas where it existed. Despite our recommendation to take urgent action, the client did not follow through due to a change in management at the holding company. Two years later, when we investigated further, we discovered that the director, with the help of third parties, had purchased raw materials at inflated prices. The estimated damage for one year alone exceeded 600 thousand euros.
- During bankruptcy proceedings we investigated the circumstances leading to the insolvency of a construction company. Several suspicious transactions were uncovered, including the purchase of artwork by the directors from an African artist shortly before the company went bankrupt. Payments were made through a bank close to the border crossing point. Our investigation led to the conviction of all three directors, but the funds could not be recovered, even by the police and prosecutors.
- Our investigation revealed that the director used company funds to cover personal expenses, including electrical work at home, family travel expenses and the construction of a summer house. The total loss exceeded 350,000 euros.
- The influence of management on the control environment is significant. During a regular survey, we discovered that a director had entered into a romantic relationship with his personal assistant, using company funds to pay for expenses such as flowers, romantic dinners, a honeymoon style weekend and spare parts for the secretary's car. The breakthrough in this case was the discovery of the part numbers, as they did not match the company car's license plates, but matched the secretary's car. At that time, the total damages amounted to less than €5,000. Nevertheless, we recommended action, but the client did not follow our advice. A few years later, we discovered that shortly after this incident, a group of employees started sending fictitious invoices through the company. Over three years, the total loss exceeded €600,000.
- During our work, we encountered high costs for building internal roads, parking lots and maintenance. We discovered that the company was being billed for heavy bar slabs for internal roads that could support loads up to 5 tons. In addition, we found that the bathrooms had been remodeled for 5 consecutive years, with new tile laid each year. Our calculations showed a total damage estimated at 150,000 euros. An important point was that the company had not removed the surplus paving slabs, which allowed us to measure its quantity accurately. In addition, it became clear that instead of approaching bathroom renovations with integrity, the company had been creating fake invoices for five years, indicating a serious problem that required immediate action.
- Due to collusion between the director and the chief accountant, equipment worth approximately €1 million per year was sold without invoicing for cash transactions. The exact terms of the agreement between the chief accountant and the director remain unknown. To delay the discovery of this misconduct, they also committed financial statement fraud. Financial statements were forged that did not match the figures in the books of account, and these misrepresented statements were audited by a local accounting firm. This fraudulent practice continued in subsequent years, accompanied by a change of auditors. Our suspicions arose when we identified this pattern of successive changes of auditors over three years. The first signal was the significant charitable donations made by the chief accountant, exceeding her annual salary, and their publication in the local newspaper.
- The Group illegally transferred unregistered trademarks to offshore structures. These entities were controlled by other offshore companies, creating a complex network of interconnected ownership structures. During our investigation, it became apparent that fraudulent sales figures in excess of €35 million had been artificially inflated and included in financial statements for one particular country over many years. Several directors of local holding companies pleaded guilty and received suspended sentences, while others went unpunished.
- Following our engagement, we discovered that the company had spent over €10 million on software and source code over many years that they had never been able to use in their business activities. This software had been transferred under various names from subsidiary to subsidiary and had gone undetected by both local and group auditors until our intervention. Unfortunately, none of the funds expended could be recovered.
- Direct sales of B2C consumer goodsA company, being one of the first to enter the market in a particular segment in the country, created an association inviting other companies to join. However, given the newness of the segment, the legal expenses incurred by the association and borne by the company went unnoticed by a leading audit firm. During our engagement with the company, we identified discrepancies in the director's lifestyle compared to his salary. Subsequently, we uncovered evidence of collusion between the director and the association's legal advisor. Following our investigation, the director resigned and reimbursed approximately €250,000 in damages through a payment system.
REQUEST A CONSULTATION NOW
33A, SAMAL-2 MICRODISTRICT, ALMATY
FLOOR 21, OFFICE 285
FLOOR 21, OFFICE 285
ALBERT.ASMATULAYEV@FRAUDCODE.COM
