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Jiří Šimek
Audit Partner, Head of Valuation Institute - Prague, Czech Republic
Magdalena Święcka
Senior Manager, Optimization & Innovation Dept - Warsaw, Poland
Zuzana Čmelíková
Leadership & Resilience Development Professional - Bratislava, Slovakia
Rose-Marie Östberg
Partner, Authorised Public Accountant - Helsingborg, Sweden
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Let's talk: expert blogs
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Mazars publishes its 2021 Sustainability report: Mazars for good
19/05/2022: Mazars, the international audit, tax and advisory firm, launches the third edition of its annual sustainability report, reaffirming its commitment to building the foundations of a fair and prosperous world.
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Doing business in France
Investing in France has many advantages. With more than 68 million people, and the second largest market in Europe, France is critical for most global companies. As a location, France offers a predictable and transparent legal system, outstanding infrastructure, and access to one of the world’s most lucrative consumer markets.
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Functional deficits in the German audit market
[DICE study,May 2022] There are fundamental functional deficits in the German audit market when it comes to auditing PIEs.
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Auditing in Europe: PIE Market structure
[FAZ study, April 2022] The objective of this study is to take a closer look at the market for audits in the PIE segment seven years after the passing of the EU audit reform. Taking the examples of three countries - Germany, France and the UK, the study aims to illustrate the size of the PIE market for audits and to depict the concentration of the market with an eye to the Big 4 and the Next 10 in the auditors’ ranking list.
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Joint audit series, Part 4: Experiences in Austria
What should reporting and auditing of companies look like in the future? This is a question that market participants all over Europe are dealing with. The aim is to improve the quality of audit. Experiences in Austria show that this can be achieved with alternative models such as joint audit. Here, joint audit is already mandatory in some situations – they are a step ahead.
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Joint audit series, Part 3: Why the four-eyes principle increases audit quality
Since the Wirecard case, the confidence of the capital markets and the public in the quality of audit has once again plummeted. Joint audit can be an effective instrument to restore this lost trust: joint audit increases the quality of audit through the four-eyes principle and the joint responsibility of the auditors.
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Joint audit series, part 2: How joint audit increases diversity in the audit market
Today, the audit market in Germany is characterised by the dominance of four audit firms, the so-called Big Four: PwC, KPMG, EY and Deloitte. This high market concentration can impair audit quality due to lack of competition. This has become even more clear since the Wirecard case.
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Joint audit series, part 1: Joint audit and shared audit: are more auditors better?
The Wirecard case in Germany has sparked a comprehensive social and political debate around auditing and the role of the auditor. The German government reacted to this and set up the Wirecard Investigation Committee.
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Beyond the GAAP no.165 - April 2022
As reported in our previous issue, Turkey was recently added to the list of hyperinflationary economies. As a result, groups will need to apply IAS 29 to their Turkish operations for all financial periods that include 1 April 2022, notably the interim financial statements to 30 June. Beyond the GAAP provides a recap of this little-used standard, which can often prove complicated to apply.
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Webinar | What are the lessons learnt from the Covid-19 impact on ECL of banks in Europe?
What are the lessons learnt from the Covid-19 impact on Expected Credit Losses of banks in Europe?
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Financial statements
Every year, we are proud to publish our consolidated Financial Statements, jointly audited and presented under the International Financial Reporting Standards.
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Joint audit in Bulgaria, 4 years later
April 4, 2022. The conference was organized by CPOSA, the Bulgarian supervisor, in order to discuss and assess the advantages and disadvantages, efficiency and effectiveness, the impact on the concentration of the audit services market, as well as the specific features of joint audit in Bulgaria.
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The advantages of JA and its specific features by H3C
In France, at least two statutory auditors are required to certify the accounts of a number of entities, mainly companies required to publish consolidated accounts, credit institutions, finance companies and investment firms (subject to thresholds), and political parties and groups (subject to thresholds). Joint audit contributes to improving market openness, providing companies with a wider range of audit skills and strengthening the authority and independence of auditors vis-à-vis the entity’s management and governance. For this reason, H3C supports the extension of the French joint audit model to Europe by suggesting that it be made mandatory at the European level for significant entities.
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Business resilience in times of crisis
05/05/2022 The invasion of Ukraine has led to a major military and humanitarian conflict in the heart of Europe – resulting in one of the most significant geopolitical crises since the end of World War II.Organisations around the world, including those without resources and personnel located in the immediate conflict region, are facing wide-ranging and unexpected challenges – compounded by the persistent impact of the Covid-19 pandemic
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Mazars BEPS & international tax newsletter n°15 - April 2022
This newsletter provides regular updates and insights on the OECD's BEPS initiative and ongoing international tax reforms.
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A market in motion: how China will shape the next generation of luxury vehicles
03/05/2022 As trends in sustainability, technology and customer demands evolve, the question remains: what will the next generation of luxury vehicles be like? Mirko Bordiga, Managing Director of Maserati Greater China and Julie Laulusa, Member of the Group Executive Board & Managing Partner, Mazars in China, discuss the latest innovations in personal mobility and the luxury automotive sector and share insights on how stand-out trends in China, are shaping the next generation of vehicles.
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Doing M&A in the Americas
America is a vast continent often referred to as a ‘continent of contrasts due to its natural, economic, cultural, and demographic diversity. In addition, it also presents inequalities in economic and developmental structure. These factors create a source of tax uncertainties where doing business in this area can be challenging in terms of tax environments that are not as similar.
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What makes a successful 21st century leadership team?
31/05/22 Today, leaders are being tested by a new set of challenges, as companies seek to grow on the back of fast-evolving purchasing patterns, new working practices and the drive to become more sustainable. In 2020 we published our first global C-suite barometer, interviewing over 500 leaders from around the world and spanning a wide range of sectors and roles, to gather their insights on the global market.
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7 areas leaders often fail to consider when taking their business to the next level
10/05/22 Over 70 years of advising businesses worldwide confirm a common truth. In the transition from today’s business to the next significant milestone, success is too often lost through fundamental strategic oversights. And while the business goals might include organic growth, gearing up for a sale, a merger or acquisition, or a change in model to embed sustainable solutions, there’s a recurring commonality in the mistakes companies make in the hunger and urgency towards positive change.
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How to successfully prioritise the needs of your business
12/04/22 Achieving growth is often compromised not just by breakdowns in strategic thinking, but also when business objectives are not prioritised. But how can businesses effectively overcome this challenge and meet their ambitions?
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Effective strategy and planning support for businesses
Effective strategy and planning form the building blocks of every business. However, it is often one of the top challenges that leaders face. Failure to optimise your business can lead to a decrease in both the bottom line and value potential.
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Beyond the GAAP no.164 - March 2022
With the war in Ukraine raging for over a month now, it is time for companies to assess the impact of the crisis on their financial statements – though obviously, not all companies will have the same level of exposure. While market regulators and national authorities have already published statements drawing entities’ attention to their duty of transparency in disclosures, there are certain issues where clarification is needed. We provide some answers in this issue.
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Mazars BEPS & international tax newsletter n°14 - March 2022
This newsletter provides regular updates and insights on the OECD's BEPS initiative and ongoing international tax reforms.