Mazars
Mazars is a global audit, accounting and consulting group employing more than 40,400 professionals in 91 countries through member firms. With head offices in France, Mazars has a network of correspondent partners and joint ventures in a further 21 countries and is a founding member of the Praxity alliance, a network of independent firms.
Worldwide turnover for the integrated partnership for the fiscal year ending August 2014 was 1.081 billion euros. Mazars operates as a single entity as a fully integrated partnership. Mazars publicizes its consolidated financial accounts, a move it claims is unusual for private audit and advisory firms.
History
The original Mazars firm was formed in Rouen, Normandy in France in 1945, by Robert Mazars. Mazars stayed a local firm until the 1980s when former CEO Patrick de Cambourg started to internationalize the firm growing the business from 33 employees in 1977 to the global firm of today.Group CEO
- 1945–1983: Robert Mazars, founder
- 1983–2011: Patrick de Cambourg, yet honorary chairman
- 2011–2018: Philippe Castagnac, yet honorary chairman
- 2018–present: Hervé Hélias, actual CEO
Countries
Australia
Mazars integrated Australian audit and advisory firm Duncan Dovico on 1 January 2016. Mazars announced the acquisition of Australian-based financial modelling and training provider Corality Financial Group on 13 July 2016 to form the new team Global Infrastructure Finance. From 1 January 2019, the Brisbane firm Hanrick Curran and the Melbourne firm Cummings Flavel McCormack both joined the global Mazars partnership, providing the Firm with an East-Coast presence in Australia.China
In January 2016, Mazars and Chinese firm ZhongShen ZhongHuan announced their merger, adding a further 1,800 professionals to Mazars globally, including 83 partners, from 15 offices across mainland China. Mrs. Zhang Liwen, Chief Chartered Accountant of ZhongShen ZhongHuan, was subsequently appointed to the Mazars Group Executive Board, while Mr. Shi Wenxian, Chief Partner of ZhongShen ZhongHuan, was appointed to the Mazars Group Governance Council.Czech Republic
Mazars Czech Republic was founded in 1995 and employs around 180 professionals. Mazars is, by domestic sales, the 7th biggest audit firm on the Czech market. Mazars offers wide range of services including: audit, accountancy, outsourcing, payroll, internal audit, actuarial, transaction advisory and HR agenda. In 2015, the managing partner of Mazars Czech Republic was Milan Prokopius.France
Mazars merged with accounting firm Guérard Viala to form Mazars & Guérard in 1995.Ireland
In 1987 Rawlison Hunter joined forces with Mazars. From then Mazars has gone from strength to strength in Ireland joining and merging other firms. Mazars now has three offices in Ireland, in Dublin, Galway and Limerick with 22 Partners and over 400 professionals.Germany: Roever Broenner Susat Mazars
In April 2015, Mazars and RBS RoeverBroennerSusat announced their merger which united about 1,000 professionals, including 68 partners and €110 million of turnover in the German market. As of 2015, Roever Broenner Susat Mazars had twelve offices in German metropolitan areas, offering a range of audit, accountancy, tax, legal and advisory services.Greece
Mazars in Greece became fully integrated to the Mazars Group as of 1 September 2012 and is now operating under the Mazars brand with two offices in Athens and Thessaloniki and over 120 professionals.Malaysia
In 1986, Hew & Co and Tan Toh Hua & Partners had merged to form Hew & Tan. In the year 1999, Hew & Tan had changed their name to Moores Rowland as a rebranding exercise. On 1 September 2008, the Kuala Lumpur office of Moores Rowland merged with the global integrated structure of Mazars. To implement the merger, a new firm, Mazars, was registered to assume all existing mandates and statutory audit appointments of the Kuala Lumpur office of Moores Rowland.Netherlands
As of 2000 Mazars integrated "Paardekooper & Hoffman", which employed 800 people. In the Dutch audit market, Mazars ranks as the sixth-largest firm and contributes more than 15% of the total global turnover.Jan Paardekooper founded Paardekooper & Hoffman in 1927. The firm worked with large clients involved in the maritime and harbour businesses of Rotterdam.
Pakistan
In April, 2010 Mazars integrated BearingPoint into their business in Pakistan, thus adding advisory services in management and technology for sectors such as microfinance, financial services and within the public sector.Poland
The Mazars office opened in Warsaw in 1992.Qatar
Further to a successful cooperation initiated in 2008, Ahmed Tawfik & Co. CPA, an accounting and auditing services firm in Qatar which traces its roots back to 1976, has joined Mazars international partnership in September 2011 and thus becoming Mazars Ahmed Tawfik & Co. CPA.Mazars Ahmed Tawfik & Co. CPA specializes in audit, accounting, tax and advisory services and can count on 30 professionals in its office.
Russia and CIS
Mazars has been present in Russia since 1995 and is an international player in the Russian market of audit and consulting services. Today, Mazars offices in Moscow, St. Petersburg and Bishkek employ more than 250 professionals. Mazars client portfolio includes more than 600 companies, including credit institutions that are included in the Top-100, large insurance and financial organizations, as well as banks belonging to the largest international holdings. The company has significantly improved its positions in annual ratings published by RAEX in May 2019. :ru:Mazars#cite note-:0-14|Mazars Russia is also a member of various international organizations: Association of European Businesses in Russia, CCI France Russie, St. Petersburg International Business Association for North-West Russia, Russo British Chamber of Commerce, German-Russian Chamber of Commerce.Singapore
Mazars in Singapore has been present in Singapore since 1979 and became Mazars LLP in 2009. In Singapore, Mazars specialises in Audit and Assurance, Tax, Business Risk Consulting, Accounting Outsourcing, Payroll Outsourcing, Financial Advisory Services, Valuation and Initial Public Offering, Corporate and Financial Advisory Services and Corporate Secretarial. The office in Singapore is composed of 245 multicultural professionals with different backgrounds. The teams – versatile in more than 14 languages - help international large corporations, mid-market companies, SMEs, Start-Ups and public bodies.Thailand
In 2007, continuing its Asian expansion, Mazars merged with the Double Impact Group in Thailand.Since then, Mazars Thailand has grown consistently to become the 6th-largest international professional services firm in Thailand, with over 200 consultants and eight partners.
Turkey
Mazars Denge was founded by two partners as Denge Denetim YMM A.S. in 1977. Today Mazars Turkey operates in six offices – Istanbul, Ankara, İzmir, Denizli, Gaziantep and Bursa – with a more than 350-person workforce.Uganda
Mazars integrated Ugandan audit and advisory firm BRJ Partners on 1 January 2018. Mazars announced the integration with BRJ partners in the annual partners meeting. BRJ was a correspondent for two years before it was finally integrated into Mazars.United Kingdom
On 1 September 1998 Mazars & Guerard merged with the British accountancy firm Neville Russell and traded, in the UK, for a number of years as "Mazars Neville Russell". In 2002, "Mazars Neville Russell", as well as its counterpart firms across Europe, changed the name to become simply Mazars. Mazars currently employs 1,600 people in 20 offices in the UK; turnover is around €100m.In April 2007, Mazars merged with the London office of MRI Moores Rowland which created a firm with turnover in the UK exceeding £90million. Mazars, prior to the MRI Moores Rowland merger, was listed as the 14th-largest accountancy firm in the UK with about £65 millions fee income, however following the merger and with the merger between Grant Thornton and RSM Robson Rhodes in the summer of 2007, Mazars was listed as 12th, with an estimated fee income of £90.3m. Neville Russell was founded in 1900 by Charles Neville Russell to work principally with the insurance sector of the economy. Neville Russell developed a reputation in London of being specialists in this area.
Mazars is a keen advocate of a more open audit market and notably of joint audit.
Mazars is the main sponsor of Yorkshire County Cricket Club.
United States
In April 2010, Mazars and Weiser, an audit and advisory firm with a strong presence in the northeastern region of the US, announced their merger. Partners from both entities voted to incorporate 74 Weiser partners into Mazars’ international integrated partnership. The deal marked a new stage in Mazars’ international development.Since April 2019, US President Donald Trump’s attorneys have had an ongoing controversy with a House Oversight and Reform Committee's request for some of the President’s financial records which may be in the possession of Mazars USA. On July 9, 2020, the United States Supreme Court vacated and remanded, 7-2, a lower court ruling against the President. The opinion was written by Chief Justice Roberts. Justices Alito and Thomas dissented with the remand, with the former citing:
Congress' legislative powers do not authorize it to engage in a nationwide inquisition with whatever resources it chooses to appropriate for itself. The majority's solution—a nonexhaustive four-factor test of uncertain origin—is better than nothing. But the power that Congress seeks to exercise here has even less basis in the Constitution than the majority supposes. I would reverse in full because the power to subpoena private, nonofficial documents is not a necessary implication of Congress' legislative powers. If Congress wishes to obtain these documents, it should proceed through the impeachment power. Accordingly, I respectfully dissent.
On 18 June 2020, Mazars USA LLP confirmed that as Chief People Officer, Keri Fleming has joined the company. Keri succeeds the retiring Julie Venkat.