Forvis Mazars

Forvis Mazars Global Limited
IndustryProfessional services
Founded1945 Edit this on Wikidata
Headquarters
Key people
  • Hervé Hélias (Chair of the Global Network Board)[1]
  • Pascal Jauffret (CEO of Forvis Mazars Group)[1]
  • Tom Watson (CEO of Forvis Mazars LLP)[1]
ServicesAudit, Chartered accountant, Consulting, Taxation, Corporate finance, Financial advisory, Legal
RevenueIncrease$5.19 billion (Aug 2024)[2][3]
Number of employees
40,000[4]
Websiteforvismazars.com

Forvis Mazars is an international audit, accounting and consulting business formed in June 2024 by an agreement between Mazars and Forvis.[3] Combined, the firms operate in the US and over 100[3] other countries, being among the top 10 global audit firms by revenue at the time of the agreement.[5][6]

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

See also: Trump v. Mazars USA, LLP and Personal and business legal affairs of Donald Trump § Lawsuits over congressional subpoenas

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]

References

  1. ^ a b c d Amerson, Leslie (3 June 2024). "Forvis Mazars Launches $5 Billion Global Network". Inside Public Accounting.
  2. ^ Bramwell, Jason (3 June 2024). "Forvis Mazars Global Network Officially Launches". CPA Practice Advisor.
  3. ^ a b c d e Maurer, Mark (2 June 2024). "These Accounting Firms Took a Different Approach to Shaking Up Their Structure". The Wall Street Journal. Retrieved 16 June 2025.
  4. ^ a b "Forvis Mazars - Germany - Firm Profile". ITR World Tax. Retrieved 19 December 2025.
  5. ^ a b Foy, Simon; Foley, Stephen (15 November 2023). "Mazars to combine US business with Forvis". Financial Times. Retrieved 15 December 2024.
  6. ^ "Forvis Mazars in new $5 billion global network". Times of Malta. 3 June 2024.
  7. ^ a b c Mazars. "Our roots".
  8. ^ a b "Philippe Castagnac (Mazars)". Les Echos (in French). 10 April 2013. Retrieved 13 December 2022.
  9. ^ a b "Mazars CEO Helias adds chairman role, replacing Castagnac". Reuters. 17 December 2018. Retrieved 13 December 2022.
  10. ^ Mazars. "Hervé Helias - Mazars - Switzerland". www.mazars.ch. Retrieved 13 December 2022.
  11. ^ "Accounting Firm FORVIS and Paris' Mazars Launch $5B Forvis Mazars Global Network". Dallas Innovates. 26 June 2024.
  12. ^ Andrew Desiderio (15 April 2019). "Trump attorneys warn accounting firm not to hand over financial records". Politico.com. Retrieved 19 July 2020.
  13. ^ a b Wolfe, Jan (3 March 2021). "U.S. House panel reissues subpoena for Trump's tax records". Reuters. Retrieved 5 March 2021.
  14. ^ "Auditor Mazars halts work for crypto firms". Financial Times. 16 December 2022.
  15. ^ a b "Mazars suspends all work with crypto clients including Binance, Crypto.com". CNBC. 16 December 2022.
  16. ^ "Binance: Auditor Mazars halts work for crypto firms". BBC News. 16 December 2022.
allikas: https://en.wikipedia.org/wiki/Mazars_USA