Forvis Mazars
File:Mazars.svg | |
Company type | Société cooperative à responsabilité limitée, based in Belgium |
---|---|
Industry | Professional services |
Founded | Rouen, France (1940) |
Headquarters | Paris, France |
Key people | Philippe Castagnac, Group chairman and CEO |
Services | Audit Chartered accountant Consulting Taxation Corporate finance Financial advisory Legal |
Revenue | ![]() |
Number of employees | 17,000 (2016) |
Website | www.mazars.com |
Mazars is a global audit, accounting and consulting group employing more than 17,000 professionals in 77 countries through member firms.[1] 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 euro.[2] 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.[3]
History
The original Mazars firm was formed in Rouen, Normandy in France in 1940, 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.[4]
France
Mazars merged with accounting firm Guérard Viala to form Mazars & Guérard in 1995.
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[5][6] in the UK and turnover is around €100m.[7]
In April 2007 Mazars merged with the London office of MRI Moores Rowland which will create a firm with turnover in the UK exceeding £90million.[8]
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,[9] 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[10] 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.
Netherlands
As of 2000 Mazars integrated "Paardekooper & Hoffman" (of the Netherlands), 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.
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 millions of turnover in the German market. Today (2015), Roever Broenner Susat Mazars has twelve offices in German metropolitan areas offering a range of audit, accountancy, tax, legal and advisory services.[11][12]
Russia and Kyrgyzstan
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[13] in Moscow, St. Petersburg and Bishkek (Kyrgyzstan) employ more than 200 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 the annual ratings published by RAEX (Expert RA) Rating of Leading Audit and Consulting Groups (April 2015) and the magazine Kommersant. Dengi in April 2015. Mazars in Russia is on the list of audit firms recognized by the EBRD and other credit institutions. Mazars Russia is also a member of various international organizations: Association of European Businesses in Russia, CCI France Russie, Russo-British Chamber of Commerce, Moscow Audit Chamber, ACCA, St. Petersburg International Business Association for North-West Russia.
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.[14]
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.[15]
Poland
The Mazars office opened in Warsaw in 1992 in order to meet the expectations of the growing number of foreign investors coming to Poland.
Nowadays, Mazars ranks among the top audit and advisory firms in Poland. It is present in Warsaw and Cracow, with four partners and 200 professionals working to help companies grow by offering a full range of audit, tax, accounting, HR advisory and payroll solutions. Mazars in Poland serves more than 800 small, medium and large international and Polish enterprises, including those listed at the Warsaw Stock Exchange.
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.
Turkey
Mazars Denge was founded by two partners as Denge Denetim YMM A.S. in 1977. Today Mazars Turkey operates in six offices – Istanbul (3 offices), Ankara, İzmir, Denizli, Gaziantep and Bursa – with a more than 350-person workforce.
Mazars Turkey is among the top five audit and accounting firms in Turkey and serves a portfolio of more than 500 clients in various sectors from which 50% are foreign companies with 19 partners (including 13 CPA).
Mazars Turkey Won The Tax Firm Of The Year Award in 2008 and Best Transfer Pricing Firm Award in 2009.[16]
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.[17]
Thailand
![]() | This section possibly contains original research. (July 2016) |
In 2007, continuing its Asian expansion, Mazars merged with the Double Impact Group in Thailand.
Since then, Mazars Thailand[18] has achieved consistent strong growth to become the 6th-largest international professional services firm in Thailand, with over 150 consultants and 7 partners. It is a market leader in outsourced accounting services, as well as a major provider of audit, tax, legal and advisory services to over 500 international and Thai clients.
In November 2016, a further professional milestone was achieved, as Mazars Thailand was awarded a listed company audit license by the Thai Securities & Exchange Commission.
Czech Republic
Mazars Czech Republic was founded in 1995 and employs around 180 professionals.[19] Mazars is, by domestic sales, the 7th biggest audit firm on the Czech market.[20] 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.
Vietnam
Mazars has been established in Vietnam since 1994 and employs around 130 professionals and general staff.[21] Mazars Vietnam operates through its offices in Hanoi and Ho Chi Minh City. The managing partner of Mazars in Vietnam is Marc Deschamps,[22] based in Ho Chi Minh City.
Australia
Mazars integrated Australian audit and advisory firm Duncan Dovico on 1 January 2016.[23] Mazars announced the acquisition of Australian based financial modelling and training provider Corality Financial Group on 13 July 2016 [24] to form the new team Global Infrastructure Finance.
Governance
- Philippe Castagnac is the group’s CEO and chairs the Group Executive Board, whose members are Antonio Bover (Spain), Hervé Hélias (France), Christoph Regierer (Germany), Hilton Saven (South Africa), Phil Verity (United Kingdom) and Victor Wahba (United States).
- Patrick de Cambourg, ex-Chairman, has been appointed by the French president François Hollande as President of the French accounting standard setter authority, Autorité des normes comptables (ANC).
Management
Group Executive Board
- Philippe Castagnac - Chairman - CEO of the Group
- Antonio Bover - Co-CEO - Sponsor of the Tax and Law Global Business Units, Senior Partner of Mazars in Spain - in charge of overseeing Mexico.
- Hervé Hélias - Co-CEO - Leader of the Public-Interest Entity Global Business Unit, Senior Partner of Mazars in France - in charge of relations with Latin America.
- Christoph Regierer - Co-CEO - Partner in Germany
- Hilton Saven - Co-CEO - Senior Partner of Mazars in South Africa - in charge of relations with Africa.
- Phil Verity - Co-CEO - Leader of the Owner-Managed Business Global Business Unit, Senior Partner of Mazars in the United Kingdom - responsible for relations with certain European countries.
- Victor Wahba - Co-CEO of the Group and member of the Executive Committee of WeiserMazars in the United States – responsible for Mazars’ strategic development in the United States and Bermuda.
Group Governance Council
- Tim Hudson (United Kingdom), Chairman
- Kenneth Morrison (Hong Kong), Vice-Chairman
- Douglas A. Phillips (USA), Vice-Chairman (until May 21, 2015)
- Jean-Louis Simon (France), Vice-Chairman (as of May 21, 2015)
- Thierry Blanchetier (France)
- Charles de Boisriou (France)
- Kathryn Byrne (USA)
- François de Carbonnel (France – external member)
- Anita de Casparis (Netherlands)
- Mohamed Ali Elouani Cherif (Tunisia)
- Denise K. Fletcher (USA – external member)
- Patrice de Folleville (Germany)
- Gregor Kunz (Germany)
- Kathleen Robinson (South Africa)
References
- ^ Facts and figures - Mazars - United Kingdom
- ^ "Creating Shared Value: Mazars Group publishes its 2014-2015 Annual Report". Retrieved 12 July 2016.
- ^ http://annualreport.mazars.com/ - annual report website at 03:47, 7 March 2011 (UTC)
- ^ History of Mazars
- ^ "Mazars, a different player in auditing, accounting, tax and advisory services in the United Kingdom". Retrieved 12 July 2016.
- ^ Detail of UK offices
- ^ Mazars expansion
- ^ Announcement of merger with MRI Moores Rowland/
- ^ "Top50 +50 firms face ICAEW audit fines - Accountancy Age". Retrieved 12 July 2016.
- ^ http://www.accountancyage.com/resource/top50%7CSummer 2007 Top 50 UK accounting firms
- ^ "Two become one". Retrieved 12 July 2016.
- ^ "Wirtschaftsprüferfusion von Röver Brönner Suasat und Mazars - manager magazin". Retrieved 12 July 2016.
- ^ Mazars offices
- ^ "Mazars merger with Chinese firm ZhongShen ZhongHuan | Accountancy Age". www.accountancyage.com. Retrieved 5 August 2016.
- ^ "Mazars integrates BearingPoint Pakistan". Retrieved 12 July 2016.
- ^ "Anasayfa". Retrieved 12 July 2016.
- ^ McKenna, Francine. "Bienvenue! French Audit Firm Mazars Arrives In U.S." Retrieved 5 August 2016.
- ^ Mazars Thailand
- ^ "Domovská stránka". Mazars Česká republika. Retrieved April 2015.
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(help) - ^ Horáček, Jakub (April 2015). "Ekonom". No. 14. Economia.
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(help) - ^ "Home". Retrieved 12 July 2016.
- ^ "Jean-Marc Deschamps". Retrieved 12 July 2016.
- ^ "Mazars Australia". Mazars Australia. 1 January 2016.
- ^ "Corality acquisition". Corality Financial Group. 13 July 2016.