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Beyond the GAAP no.149 - November 2020

While 2020 has required a lot of work on the accounting impacts of the public health crisis, it should also be noted that most companies are now done with the upheaval resulting from the implementation of new standards (although IFRS 16 remains an enforcement priority at 31 December).

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Virtual event | Reinventing the wheel: challenges and solutions for sustainable mobility in the 21st century

Our first virtual session in our mobility series focused on how companies, governments, entrepreneurs and others can offer safer, more sustainable mobility options in the wake of Covid-19.

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Event: Sustainable corporate governance for long term business success

19/10/2021 - Mazars and ecoDa hosted a live virtual event to look at corporate governance in Europe in the 2020s. The conversation took into account recent developments in the European Union related to obligations on sustainable governance for companies.

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The bank making a trillion-dollar investment in sustainability

Climate change has ruinous effects on the environment and is increasingly understood to be a major threat to economic stability. Financial institutions around the world, in response, are taking action by offering investment and lending products linked to clients’ sustainability credentials and achievements. In a recent interview with Mazars, Zoë Knight, Group Head of the HSBC Centre of Sustainable Finance shared her views on how the bank is helping clients achieve a net-zero carbon future and ensuring greenwashing does not derail the sustainability transition. Full video interview below.

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The bank making a trillion-dollar investment in sustainability

02/12/2020 Climate change has ruinous effects on the environment and is increasingly understood to be a major threat to economic stability. Financial institutions around the world, in response, are taking action by offering investment and lending products linked to clients’ sustainability credentials and achievements. In a recent interview with Mazars, Zoë Knight, Group Head of the HSBC Centre of Sustainable Finance shared her views on how the bank is helping clients achieve a net-zero carbon future and ensuring greenwashing does not derail the sustainability transition. Full video interview below.

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Experimentation and imagination: designing the blueprints for future cities

Most of the planet’s emissions are produced by cities and their populations: in the coming years urban mobility will have to play a greater role in reducing them. From hydrogen buses and smart traffic lights, to reimagined town plans and data-driven cycle routes, cities around the world are already finding ways to become greener and easier places to live and work.

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Bundling in the city: integrating urban transport services

Integrating transport services – or ‘bundling’ – looks set to make mobility easier, greener, healthier and more personalised, especially in urban areas. So, what are the next steps to making bundling go mainstream?

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Where mobility goes next: lessons from ride pooling

Ride pooling looks like an attractive solution to reduce carbon emissions and make people’s commutes and lives easier. With smart technology and green credentials that rival established public transport, it offers a vision for the future of mobility. Yet it faces roadblocks like public sector buy-in and passenger preferences. How does it score in practice, and how big is it likely to grow?

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A fresh perspective on leadership: 5 lessons from the 2020 Drucker Forum

Mazars is a long-term partner of the Global Peter Drucker Forum, an event gathering every year forward thinking CEOs and prominent leadership thinkers.

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Learning to carshare: the impact for drivers and manufacturers

Driven by the growth in smartphone usage, concern for sustainability and the uptake of electric vehicles, carsharing is on the rise. In the coming years, this is likely to change how manufacturers and car rental companies operate: altering the market pattern of demand for cars and speeding up their adoption of data and analytics capabilities.

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Petrol tanks to data banks: the transformation of the automotive industry

Automotive consumers’ priorities have long been shifting from simply getting from A to B to comfort, status, entertainment, and more. Today, they are changing again, accelerating towards sustainability and ‘mobility as a service’ (MaaS). Companies in the automotive ecosystem that stand to win and grow in this environment will form strategic partnerships, make the best use of data, and be imaginative about how they can improve the automotive experience.

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Reinventing the wheel: mobility as a service

The second series of 'Reinventing the wheel' focuses on the rise of ‘mobility as a service’ and how the mobility sector is moving towards multi-modal, multi-platform services that get people and goods from A to B.

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Why manufacturers and passengers are moving towards a ‘mobility as a service’ mindset

02/12/2020 Technological advancements in the past decade have allowed us to shop, work and communicate more simply. So why should the mobility sector be any different? In fact, the sector is already undergoing a transformation to do just that, with the rise of ‘mobility as a service’ offering passengers smarter and simpler ways to get around.

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Reinventing the wheel: Mobility in a sustainable, post-Covid world 

The first series of 'Reinventing the wheel' focuses on how the world of mobility can offer safer options in light of Covid-19 and more sustainable options considering increased expectations from governments and consumers for resilient, net-zero carbon economies.

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Doing M&A in CEE: Tax traps and structuring opportunities

10-12-2020 Against a backdrop of global competition and integrated markets, many businesses around the world are seeking growth opportunities outside their country of origin despite shifting, and at times complex, regulatory environments.

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Resilient and responsible: the luxury industry faces its future

01/12/2020 Marking the release of Mazars’ new report on how the luxury business model is being made over, we speak to Comité Colbert CEO Bénédicte Epinay about the resilience of the luxury industry, the importance of Gen Y and Z to its future, and how sustainability is taking centre stage.

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Beyond the GAAP no.147 - September 2020

Now that the pace of accounting standardisation has slowed down a little, and pending the IASB’s feedback (expected by the end of the year) on the 200-odd comment letters received in response to the exposure draft on the presentation of financial statements, this month’s edition of Beyond the GAAP turns to news about the non-financial reporting in relation with environmental, social and governance indicators (ESG). The underlying trend observed for several months (indeed, years) towards a growing overlap between financial and non-financial reporting seems even more pressing at a time when the European Union has shifted up a gear in its approach to the standardisation of non-financial reporting by involving EFRAG, the European Financial Reporting Advisory Group.

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Mazars to take part in “Global economic crisis and gender equality” virtual panel

The covid-19 pandemic has highlighted an array of economic inequalities, with the economic fall-out disproportionately affecting most vulnerable groups of our society. The panel will discuss the gender-related consequences of the crisis, focusing on the economic impact and policy responses.

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Conscious, collaborative, connected: making over the luxury business model

The luxury sector has always prided itself on offering consumers a chance to own pieces that are timeless and whose value and appeal will endure. But that doesn’t mean the way it produces and sells them should stay constant too. The luxury sector is at a crossroads and brands that carry on doing what they have always done risk falling behind. Our report, 'Conscious, collaborative, connected' explains why.

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Mazars evaluates US Current Expected Credit Losses (CECL) models through the covid-19 crisis

The Financial Accounting Standards Board’s new CECL accounting standard went into effect on 1 January 2020 for institutions that were public business entities and SEC filers excluding smaller reporting companies (SRCs). At the onset of the covid-19 pandemic, the government introduced several regulatory rules that aimed at providing relief to organisations both from a financial reporting perspective and a regulatory capital perspective.

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Beyond the GAAP no.148 - October 2020

Since the beginning, our mission for Beyond the GAAP has been to keep you informed of accounting developments and to provide clarification and insight, in an environment where changes to accounting frameworks and regulators’ activities require constant vigilance from businesses and their auditors. The launch of our new brand provides an opportunity for us to renew our commitment to this mission, as we present the new visual identity for Mazars and Beyond the GAAP. We are proud of our wide readership and will continue to apply our expertise and analysis to shed light on accounting news.

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40th CEE banking conference, Mazars is the green sponsor

We invite you to join one of the largest banking events in the CEE/CIS region, the 40th BACEE Regional Banking Conference - Risks and Opportunities in the CEE/CIS banking sector - held in full virtual form on 17 November 2020.

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