Accounting professional bodies
Many partners and experts form Mazars allow the Group to be heard in various professional organizations representing the accounting sector. These organizations dedicate their time to harmonizing the financial interpretation of international regulations.
IFAC is the global organization for the accountancy profession. Its 157 members and associate members in 123 countries are committed to developing high-quality international standards. IFAC also makes cooperation easier between its international members, who total 2.5 million accountants worldwide, and serves as a global spokesperson for the accounting profession. Three Mazars partners take an active role in the IFAC’s work: Isabelle Sapet is a member of the International Ethics Standards Board for Accountants (IESBA), Lucio Torres is a member of the Small and Medium Practices Board (SMP) while Jean-Luc Barlet is a member of the Transnational Auditors Committee (TAC).
The International Financial Reporting Interpretations Committee (IFRIC) is an independent organisation created by the International Accounting Standards Board (IASB) and tasked with developing a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS). Jean-Louis Lebrun, Mazars partner, has been a member of IFRIC since 2004.
The European Financial Reporting Advisory Group (EFRAG) was created in 2001 to help and advise the European Commission in all matters regarding the implementation of IFRS, and thus plays a central role coordinating the work of the national accounting bodies in the reflexion about accounting practices on a European scale. One of the EFRAG’s bodies, the Technical Experts Group gathers 12 European experts under the presidency of Mazars partner Françoise Flores.
The Fédération des Experts Comptables Européens (FEE) is the representative organisation for the accountancy profession in Europe. FEE's membership consists of 43 professional institutes of accountants from 32 countries. Its objectives are to promote and advance the interests of the European accountancy profession, to work towards the enhancement, harmonisation and liberalisation of the practice and regulation of accountancy and to promote co-operation among the professional accountancy bodies in Europe. Patrick de Cambourg, Mazars CEO is a member of the FEE’s Financial Reporting Policy Group while Michel Barbet-Massin, chairman of the Group Governance Council is a member of the FEE “Banks” working group.