We are pleased to introduce our 2018/2019 Mazars Group Transparency Report. Mazars is an international, integrated and independent organisation specialising in audit, accountancy, advisory, tax and legal services. Expanding every year, Mazars now operates, as of 1 January 2020, in 91 countries and territories and draws on the expertise of 24,400 professionals – complemented by 16,000 professionals via the Mazars North America Alliance – to assist clients of all sizes at every stage of their development.
In 2018-2019, Mazars’ revenue reached 1.8Bn Euros, up 10.4% from 2017-2018. Year after year, our robust growth attests to the relevance of our strategy and development model. With 43% of our revenues, audit still is at the heart of our business and will very much remain so in the future. We will continue to invest in developing our audit services, as we are convinced that with them we contribute to the public interest and to building the foundations of a fair and prosperous world.
Over the last 12 months, we have been trusted by significant large and complex companies to take on their audit at European and/or global level, and have retained many of our largest accounts, which reaffirms and reinforces our position as a firm of choice. We owe these accomplishments to the technical excellence of our people and to the quality of the service we provide.
We take pride in training our teams, bringing them up to date with the latest regulatory developments and technical evolutions, while giving them the knowledge and skills they need to abide by the strictest ethics and independence requirements and deliver real value to companies and their stakeholders.
As we remain committed to transforming audit, we have also fully embraced technology, which both practitioners and users see as absolutely essential in enhancing audit quality.
As professional auditors, we are fully aware of our responsibilities. We know what is expected of us and we maintain the highest quality standards and processes in all our activities, to ensure that clients, investors, markets, and regulators can trust our work and be confident in our ability to do what is right.