The Mazars Annual Report
'Meeting the challenges of today and tomorrow.'
Mazars, the international, integrated accountancy partnership, has made public for the first time a complete set of its global group accounts, establishing a new industry benchmark in the process. The level of financial reporting far exceeds that published by other firms as the accounts have been externally audited.
David Evans, UK senior partner said: 'The audited accounts are a tangible expression of our belief that transparency and accountability are essential to modern business practices.The audit was in fact carried out under the joint-auditing system. The decision to use joint auditors reflects our high regard for the benefits and rigour of the joint-auditing process. Mazars has long-promoted this system as the most viable option in enhancing audit quality and improving competition in the audit market.'
The financial statements for the year ended 31 August 2005, drawn up in line with IFRS, reveal net turnover growth of 9% to €479m (£327m) compared to 2.7% growth for the previous year. The divisional highlight was Corporate Assurance Services (principally large corporate clients), which experienced the highest growth at 20%. Turnover by partner has increased by 11% and the average compensation for partners has increased by 26%.
The document can be downloaded from the following links:
The Mazars Annual Report - English version
The Mazars Annual Report - French version
