Forvis Mazars is an international

audit An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing al ...

accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

and

consulting A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...

business formed in June 2024 by an agreement between Mazars and Forvis. Combined, the firms operate in the US and over 100 other countries, being among the top 10 global audit firms by revenue at the time of the agreement.

History

The original Mazars firm was formed in

Rouen Rouen (, ; or ) is a city on the River Seine, in northwestern France. It is in the prefecture of Regions of France, region of Normandy (administrative region), Normandy and the Departments of France, department of Seine-Maritime. Formerly one ...

Normandy Normandy (; or ) is a geographical and cultural region in northwestern Europe, roughly coextensive with the historical Duchy of Normandy. Normandy comprises Normandy (administrative region), mainland Normandy (a part of France) and insular N ...

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

in 1945 by Robert Mazars. He would serve as chief executive officer until 1983, when Patrick de Cambourg was appointed the position. de Cambourg began internationalizing the local firm, which counted 33 employees in 1977. From 2011 to 2016, Philippe Castagnac served as chief executive officer. He was succeeded by Hervé Hélias, who currently holds the position. 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. 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 in 2024 (7,700 in the US). The two firms are still owned by their respective partnerships, with separate profit pools, but are overseen by a global board.

Notable clients

Since April 2019, US President

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

's attorneys have had an ongoing controversy with a House Oversight and Reform Committee's request for some of the President's financial records which may be in the possession of Mazars USA. On 25 February 2021, the House Oversight Committee in the 117th Congress, reissued the subpoena to Mazars USA for the same documents it had previously sought. In 2022, following the collapse of FTX, Mazars was engaged by

Binance Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading ...

to perform an audit and report on its assets held in reserve. This was later halted following $6 billion of outflows from Binance in December 2022, before Mazars decided to suspend all work with its cryptocurrency-affiliated customers.

References

{{Authority control French companies established in 1945 Accounting firms Financial services companies of France Companies based in Paris Consulting firms established in 1945 French brands International management consulting firms Management consulting firms of France Management consulting firms of the United Kingdom