The Quality & Risk Management unit (QRM) and the Monitoring Sub-committee (MSC)

 This unit's role is to:

• Determine and implement the overall risk management strategy under the leadership of the National Board of Partners;
• Track changes to the independence rules and other relevant professional standards and updates the CCOI and other Mazars policies and methodologies;
•  Inform auditors other professionals of all rule changes and important legal decisions;
•  Establish practical tools and guides permitting auditors to identify compliance problems more easily, for example, prohibited services;
•  Respond to auditors' questions on acceptance of clients and engagements, and conflict of interest situations; and
•  Participate in training auditors on ethics and compliance. 

The Monitoring Sub-committee (MSC)

The MSC carries out the following tasks:

• Oversees firm-wide monitoring programs established in compliance with International Standards on Quality Control 1 (ISQC 1);
• Evaluates results and monitors the implementation of remedial action (where applicable) in respect of all internal and external quality control monitoring inspections; and
• Considers the allocation of appropriate resources to the QRM unit in order to fulfill its duties in terms of compliance monitoring.