Mazars

France · www.mazars.com · 11 vendors

Mazars is a global professional services network specializing in audit, accounting, tax, and advisory services. Founded in France in 1945, it now operates as Forvis Mazars Group SC, part of the Forvis Mazars global network, serving clients across over 100 countries and territories. The firm provides a comprehensive range of services to organizations of all sizes, from SMEs to multinational corporations.

Resilience scores

Disruption prediction

Mazars has an estimated 21% probability of disruption in the next 6 months.

7 of Mazars's 11 vendors monitored for disruptions.

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 11 sub-vendors.

Insights

Last updated 2026-07-30 · revision 1

11 direct vendors, 191 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 8/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Mazars exhibits a high degree of migration readiness, primarily driven by its stated internal tech stack strategy, which includes an active "migration to cloud and microservices." This indicates a strategic commitment to modern, agile architecture, which is fundamental for efficient and scalable migrations. The adoption of cloud-native identity solutions like Microsoft Azure Active Directory B2C and MSAL.js further supports their readiness for cloud environments. The in-house development of Agentic AI, RPA, and Machine Learning also suggests a strong internal capability for digital transformation and adapting existing processes for new platforms. However, the assessment is constrained by several data gaps. Information regarding the specific regulatory environment and any data residency requirements is absent, which are crucial factors that can significantly impact migration complexity and strategy. Financial stability data, which would indicate the company's capacity to fund a large-scale migration, is also not available. The vendor relationship data presents contradictions, stating "Total Vendors: 0" while also detailing 12 services and vendor geographic diversity across 4 unique countries. This ambiguity makes it challenging to accurately assess potential vendor lock-in risks or the complexity of migrating away from or integrating with existing vendor solutions. The "Vendor Lock-in Risk: Unknown" further highlights this uncertainty. Despite these limitations, the clear strategic direction towards cloud and microservices positions Mazars favorably for future migrations.

Compliance

11 in-scope frameworks identified; showing 3.

EU Audit Regulation — Compliant

Risk is High because: (1) EU Audit Regulation 537/2014 imposes strict obligations on statutory auditors of Public Interest Entities (PIEs) — banks, insurers, listed companies — and Mazars is a major statutory auditor of PIEs across the EU; (2) Non-compliance can result in withdrawal of audit license, significant fines, and reputational damage that would be existential for the firm's core business; (3) The regulation imposes mandatory audit firm rotation (10 years, extendable to 20 with joint audit), independence requirements, prohibited non-audit services to PIE audit clients, and mandatory transparency reporting; (4) France's H3C (Haut Conseil du Commissariat aux Comptes) and equivalent bodies in other EU member states actively supervise compliance; (5) The firm's core revenue depends on maintaining statutory audit licenses across the EU.

Evidence: https://www.forvismazars.com/group/en/who-we-are/news-publications/transparency-reports, https://www.forvismazars.com/group/en/who-we-are/quality-management-compliance/independence, https://www.forvismazars.com/group/en/who-we-are/quality-management-compliance/ethics-unit-risk-mgt-committee, https://www.forvismazars.com/group/en/who-we-are/quality-management-compliance/a-quality-control-system, https://www.forvismazars.com/group/en/who-we-are/news-publications/annual-reports/impact-and-transparency-report-2024-2025

ISAE 3000 (source) — Compliant

ISAE 3000 risk is Low because: (1) Mazars/Forvis Mazars is itself an assurance provider — ISAE 3000 is a professional standard that governs how Mazars conducts assurance engagements for its clients, not a regulatory obligation imposed on Mazars as a subject; (2) As a member of the global audit profession, Mazars is subject to professional standards oversight by national audit regulators (e.g., H3C in France, FRC in the UK, PCAOB in the US) which enforce compliance with ISAE standards; (3) The firm has a dedicated quality control system and transparency reporting framework, indicating active compliance with professional assurance standards; (4) Non-compliance with ISAE 3000 would result in professional sanctions from audit regulators rather than direct regulatory fines, and the firm's established quality management infrastructure significantly mitigates this risk.

Evidence: https://www.forvismazars.com/group/en/services/audit-assurance/independent-assurance-reviews, https://www.forvismazars.com/group/en/who-we-are/news-publications/transparency-reports, https://www.forvismazars.com/group/en/who-we-are/news-publications/annual-reports/impact-and-transparency-report-2024-2025, https://www.forvismazars.com/group/en/who-we-are/quality-management-compliance, https://www.forvismazars.com/group/en/services/sustainability/sustainability-reporting-assurance

PCAOB — Assessment Required

PCAOB risk is Medium because: (1) Forvis Mazars LLP (the US member firm) is registered with the PCAOB and subject to PCAOB inspection and standards for audits of US public companies; (2) PCAOB inspections can result in findings, sanctions, and in severe cases, deregistration; (3) The separation of Forvis Mazars LLP (US) from Forvis Mazars Group SC (international) means PCAOB obligations primarily apply to the US entity; (4) However, cross-border audit work involving international components may bring PCAOB oversight to non-US Mazars entities; (5) Risk is Medium because the US entity is a separate legal entity with its own compliance infrastructure, but PCAOB enforcement actions against major audit firms are not uncommon.

Evidence: https://www.forvismazars.com/group/en/who-we-are/quality-management-compliance, https://www.forvismazars.com/group/en/who-we-are/news-publications/transparency-reports, https://pcaobus.org

Financials

Three-year financials

Financial Resilience Score: 7/10

Mazars/Forvis Mazars Group demonstrates strong financial resilience through consistent double-digit revenue growth over four consecutive years through 2023/24 (13% in 2022/23, 11.4% like-for-like in 2023/24), moderating to a still-solid 8.3% in 2024/25. The group has roughly doubled its fee income over the last decade, achieving a compound annual growth rate of approximately 6-8%, accelerating to double digits in recent years. Its diversified service mix across audit, tax, advisory, consulting, sustainability, and legal services reduces dependence on any single revenue stream, while its broad geographic footprint across 100+ countries with ~40,000 professionals spreads local-market risk. The integrated partnership model is a differentiating strength—unlike most accounting networks that operate as federations of separate national firms, Mazars/Forvis Mazars Group SC consolidates internationally under IFRS, providing balance-sheet transparency and coherent investment capacity. The June 2024 combination with FORVIS materially strengthens U.S. market access and creates a top-10 global professional-services network in scale terms. However, resilience is constrained by the private partnership structure, which limits access to external capital for growth investment. The talent-intensive model (>70% of costs are people costs) exposes the group to wage inflation and the ongoing war for talent. Audit regulatory and litigation risk is elevated given its role as joint auditor of many large European banks and listed companies. Concentration on Europe (likely 75%+ post-US carve-out) exposes the group to European macroeconomic conditions, and the ongoing brand transition from Mazars to Forvis Mazars represents a multi-year brand-equity project.

Key strengths: Consistent double-digit revenue growth for four consecutive years through 2023/24, Diversified service mix across audit, tax, advisory, consulting, sustainability, and legal, Broad geographic footprint in 100+ countries with ~40,000 professionals, Integrated partnership model with IFRS consolidated accounts (rare for the industry), FORVIS combination (June 2024) creates top-10 global professional-services network, Roughly doubled fee income over the last decade

Risk factors: Private partnership structure limits access to external growth capital, Talent-intensive model with >70% people costs exposed to wage inflation, Elevated audit regulatory and litigation exposure (joint auditor of large European banks), Heavy revenue concentration in Europe (likely 75%+ post-US carve-out), Perimeter changes (excluding US and China member firms) reduce comparability, Multi-year brand transition from Mazars to Forvis Mazars

Revenue by geography

Revenue by product/service

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