History
The original Mazars firm was formed in Rouen, Normandy in France in 1945 by Robert Mazars. [7] He served as chief executive officer until 1983, when Patrick de Cambourg was appointed the position. [7] de Cambourg began internationalizing the firm, which counted 33 employees in 1977. [7] [8] From 2011 to 2016, Philippe Castagnac served as chief executive officer. [8] He was succeeded by Hervé Hélias, [9] who currently holds the position. [9] [10]
In 2023, the US-based Forvis acquired the US operations of Mazars, and an agreement was reached to operate internationally under the brand Forvis Mazars from June 2024. [5] [3] Subsequently, the firms operate as a network, doing business as Forvis Mazars LLP in the United States and Forvis Mazars Group SC in other countries, with a combined global workforce of over 40,000. [4] [11] The two firms are still owned by their respective partnerships, with separate profit pools, but are overseen by a global board. [3] [1]
Notable clients
Since April 2019, US President Donald Trump's attorneys have been involved in a controversy regarding a House Oversight Committee request for financial records held by Mazars USA. [12] [13] On 25 February 2021, the Committee reissued a subpoena for the documents previously sought. [13]
In 2022, following the collapse of FTX, Mazars was engaged by Binance to perform a "proof of reserves" audit. [14] [15] This work was later halted, and Mazars decided to suspend all work with cryptocurrency-affiliated customers in December 2022. [15] [16]
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$5.19 billion (Aug 2024) [2] [3] 