Assurance - Mazars - Ireland

Mazars launched its ‘fresh approach’ to PPP/PFI assurance and advisory services in April 2007. This approach is based on the core competencies of financial modelling expertise, commercial experience and a deep knowledge of local and international accounting standards and tax legislation across multiple jurisdictions.

The difference our ‘fresh approach’ brings is best evidenced by example:

• Our financial model audit service is based on model replication. This means we don’t rely on traditional line-by-line checking but instead replicate the financial model we are testing. This offers a true end-to-end test of model correctness and has revealed significant errors which have gone undetected by other firms.
• Our approach lends itself to the demands of competitive dialogue. In 2008 we provided assurance on over ten schemes at the bid phase. Our methodology allows us to quickly provide top down assurance of the deliverability of the bid price. This differs from the traditional bottom up methodology and has the advantage of being far quicker (allowing it to be incorporated within bidding timetables) and more cost efficient, allowing us to offer competitive and wholly contingent fee structures.
• We are able to offer authoritative accounting advice to our clients. One of our partners, Jean-Louis Lebrun, is a member of the panel which produced IFRIC 12 (the new international equivalent of the UK standard FRS5 which has underpinned PFI accounting arrangements to date). This knowledge is cascaded to dedicated experts within our team.

Our Services:

• Model Audit
• Financial Due Diligence