A year like no other: Mazars publishes 2019/20 annual report

For people, businesses and society, 2020 was a year like no other. With the global Covid-19 crisis many have faced extreme challenges; people and families across the world have lost loved ones too early and suffered previously unthinkable restrictions to their lives and livelihoods as governments, companies and other institutions battled to contain the virus. The unique challenge for business has been how to respect the necessity to preserve life while fulfilling its duty to meet society’s needs in a financially sustainable way.

Resilience reflected in 19/20 performance

Amid a global pandemic, with a focus on keeping people safe and continuing to deliver top quality services to clients, Mazars showed resilience, achieving global fee income of €1.9 billion in its 2019/2020 financial year (1 September 2019 – 31 August 2020). This represents a 7.8% increase (excluding forex impact of -0.3%) compared to the previous financial year. Our people’s remarkable efforts to continue serving our clients and carry out their assignments enabled us to do more than just weather the storm in 2020.

For full details refer to our 2019/20 Financial statements.

Responding to the Covid-19 crisis

As soon as the Covid-19 outbreak started impacting our offices and stringent health measures were announced around the world, we set ourselves the priority of keeping our people safe and healthy and providing them with the flexibility to take care of themselves and their families. Since the beginning, we have remained by our clients’ sides, sharing advice and tools to help them navigate the crisis.

Read more about our response to the crisis in our Yearbook.

Global rebrand: reaffirming our purpose and promise

In October 2020 Mazars launched its new brand identity which reaffirms its purpose and long-standing values of integrity, responsibility and accountability. It better reflects who Mazars is today, and the unique experience we strive to deliver to our people and our clients. Whether we help our clients overcome their challenges, develop our people into experts and leaders or work for the wellbeing of our communities, we walk the walk and talk the talk. And we always try to do what’s right.

Find out more about our commitment to deliver on our promise in our Yearbook.

Committed to shaping a healthier audit industry

Mazars is committed to building a fair and prosperous world as well as a healthier industry. Because of our strong position on the PIE audit market, we take responsibility in ensuring auditors, who have a mission of public interest, can deliver against the expectations. Consistent with our brand purpose, we want to stand at the forefront of the audit debate, to promote significant changes in the profession and call for a public debate involving all stakeholders.

Read more in our Integrated transparency report.