We are pleased to introduce the 2016-2017 transparency report for the Global Mazars oganisation.
Specialising in audit, advisory, accountancy, tax and legal services, Mazars is a leading integrated and independent organization whose international dimensions are expanding every year. As of 1st January 2018, Mazars' integrated partnership is present in 86 countries around the world.
Across our 300 offices worldwide, our global partnership brings together 20,000 international experts who share the same vision, the same entrepreneurial and collaborative mindset, and the same determination to create shared value for all our stakeholders: our staff, our clients, the business community and society as a whole.
In 2016-2017, Group revenue reached 1.5Bn Euros, up 12.8% from 2015-2016.
Audit remains at the heart of our business. Our audit service line keeps growing, and amounts to 44.8% of our global turnover. We serve SMEs around the world and major international corporations; Mazars is the auditor of more than 1.650 Public Interest Entities, mainly listed companies, banks and insurance companies, 900 of them having their head office in the European Union.
Our 2016-2017 performance clearly vindicates our strategy, based on our ability to meet the needs of all our clients, our markets and our stakeholders. This document, together with our Yearbook and 2016-2017 Financial Statements, is a token of our determination to continue on our path.
Delivering audit quality is key to us as a global organisation, as it underpins our core values. We are dedicated to improving the audit work we undertake and the reports and communications to those charged with governance. We invest time in understanding and participating in the evolution of quality within the profession, developing our methodology, reviewing quality recommendations and themes of regulatory inspections, and improving the skills and knowledge of our professional staff. We are continually raising our expectations of what audit quality is as we believe this is something that is constantly evolving.
We truly believe transparency is necessary and always strive to increase our openness to our environment. We are convinced our values and guiding principles of technical and ethical excellence are the foundations upon which we can actively contribute to the building of a better, stronger and more inclusive business community, in which diversity becomes a true source of shared progress for all involved.