Mazars
Encyclopedia
Mazars is a global audit
, accounting and consulting
group employing more than 13,000 professionals in 61 countries through member firms. With head offices in France
, Mazars is the 14th largest accounting firm in the world. 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. Praxity, considered as a single firm, would be the 10th largest firm in the world.
Worldwide turnover for the integrated partnership for the fiscal year ending August 2010 was 884.4 million euro. Mazars is ranked as the fifth largest accountancy firm in Europe
. 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.
, Normandy
in France
in 1940, by Robert Mazars. Mazars stayed a local firm until 1980s when the new CEO Patrick de Cambourg
started to internationalize the firm growing the business from 33 employees in 1977 to the global firm of today.
, changed the name to become simply Mazars. Mazars currently employs 1,000 people in 18 offices in the UK and turnover is around €100m.
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.
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
.
), 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.
Mazars Turkey, is among the top 5 Audit & Accounting firms in Turkey and serve 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.
Patrick de Cambourg
President and CEO of the Group France
Antonio Bover
Co-CEO of the Group and Managing Partner of Mazars in Spain
Philippe Castagnac
Co-CEO of the Group and Managing Partner of Mazars in France
Douglas A. Phillips
Co-CEO of the Group and Managing Partner of Mazars in the United States
Hilton Saven
Co-CEO of the Group and Managing Partner of Mazars in South Africa
Audit
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.- Accounting...
, accounting and consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
group employing more than 13,000 professionals in 61 countries through member firms. With head offices in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
, Mazars is the 14th largest accounting firm in the world. 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. Praxity, considered as a single firm, would be the 10th largest firm in the world.
Worldwide turnover for the integrated partnership for the fiscal year ending August 2010 was 884.4 million euro. Mazars is ranked as the fifth largest accountancy firm in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. 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 RouenRouen
Rouen , in northern France on the River Seine, is the capital of the Haute-Normandie region and the historic capital city of Normandy. Once one of the largest and most prosperous cities of medieval Europe , it was the seat of the Exchequer of Normandy in the Middle Ages...
, Normandy
Normandy
Normandy is a geographical region corresponding to the former Duchy of Normandy. It is in France.The continental territory covers 30,627 km² and forms the preponderant part of Normandy and roughly 5% of the territory of France. It is divided for administrative purposes into two régions:...
in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
in 1940, by Robert Mazars. Mazars stayed a local firm until 1980s when the new CEO Patrick de Cambourg
Patrick de Cambourg
Patrick de Cambourg is the chairman and CEO of Mazars since 1983.-Biography:Graduate of the Paris Institute of Political Studies in 1971, with degrees in literature, government and civil law, a chartered accountant and auditor, Patrick began his career with Mazars in 1974 at the age of 24.He...
started to internationalize the firm growing the business from 33 employees in 1977 to the global firm of today.
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 EuropeEurope
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, changed the name to become simply Mazars. Mazars currently employs 1,000 people in 18 offices in the UK and turnover is around €100m.
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.
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
Grant Thornton
Grant Thornton LLP encompasses the U.S. operations of Grant Thornton International, the largest accounting organizations outside of the Big Four . The member firms of Grant Thornton International comprise a global network of 27,000 employees and 2,207 partners in more than 110 countries...
and RSM Robson Rhodes
RSM Robson Rhodes
RSM Robson Rhodes LLP was a partnership of chartered accountants in the United Kingdom and the Republic of Ireland. It was the UK member firm of RSM International, the 6th largest network of professional accountancy firms in the world...
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
Joint audit
A joint audit is an audit on a legal entity by two or more auditors to produce a single audit report, thereby sharing responsibility for the audit. A typical joint audit has audit planning performed jointly and fieldwork allocated to the auditors. The auditors are typically not individuals, but...
.
Netherlands
As of 2003 Mazars integrated "Paardekooper & Hoffman" (of the NetherlandsNetherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
), 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
In April, 2007 Mazars and RSM Hemmelrath announced their merger which united about 400 professionals and €50 millions of turnover in the German market. Today (2008), Mazars Hemmelrath has eight offices in German metropolitan areas offering a range of audit, tax, and legal consulting services.Pakistan
In April, 2010 Mazars integrates BearingPoint in Pakistan.The integration of BearingPoint within Mazars has allowed the partnership to simultaneously reinforce its geographical coverage and to introduce a new and complementary offer of service to both existing and future clients within emerging markets, notably in the banking and insurance sectors.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, Izmir and Bursa with more than 200 persons workforce.Mazars Turkey, is among the top 5 Audit & Accounting firms in Turkey and serve 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.
United States
In April 2010, Mazars and Weiser, an audit and advisory firm with a strong presence in the north eastern 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 the Mazars’ international development.Management
Group Executive Board (2009-2012)Patrick de Cambourg
Patrick de Cambourg
Patrick de Cambourg is the chairman and CEO of Mazars since 1983.-Biography:Graduate of the Paris Institute of Political Studies in 1971, with degrees in literature, government and civil law, a chartered accountant and auditor, Patrick began his career with Mazars in 1974 at the age of 24.He...
President and CEO of the Group France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
Antonio Bover
Co-CEO of the Group and Managing Partner of Mazars in Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
Philippe Castagnac
Co-CEO of the Group and Managing Partner of Mazars in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
Douglas A. Phillips
Co-CEO of the Group and Managing Partner of Mazars in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Hilton Saven
Hilton Saven
Hilton Saven is the Chairman of Mazars in South Africa, serves on the Governing Council of Praxity, a global alliance of independent accounting and auditing firms, and was appointed to the Mazars Group Executive Board as co-CEO of the Group in December 2009....
Co-CEO of the Group and Managing Partner of Mazars in South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...