Governance Framework in Mazars

The Irish Executive has responsibility for setting Mazars’ national strategy, within the overarching framework of the international strategy.

Mazars in Ireland has committed to applying the Irish Audit Firm Governance Code (“the Code”) published by Chartered Accountants Regulatory Board and Chartered Accountants Ireland. Our support for that commitment to the professionalism, openness and risk management principles of the Code is set out in our published Transparency Report and other sections of our website. We are committed to dialogue about matters covered by the Code and you can read more about this here.

Mazars’ governance structures and management set an appropriate tone at the top through policies and practices. We seek to maintain a culture of openness which encourages people to consult and share problems, knowledge and experience in order to achieve quality work in a way that properly takes the public interest into consideration.

The terms of reference for the different management and governance bodies are accessible here.

Executive Committee

Risk Committee

Audit Committee

Independent Non-Executives

Public Interest Committee

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Risk Committee

The Risk Committee oversees the ethics and quality assurance of the firm. It designs the firm’s quality control procedures and ensures they are implemented. It assesses the outcome of quality reviews and communicates their results. Furthermore, it deals with any claims against the practice and their resolution.

Audit Committee

The Audit Committee is responsible for monitoring and reviewing internal control, external audit, accounting and external reporting. It aims to meet 3 times a year and whenever the external auditors request a meeting.

Independent Non Executives

Mazars has elected independent non executives to its Group Governance Council.

Mazars first elected Denise Fletcher and Francois de Carbonnel as independent non executives to its Group Governance Council (GGC), which has between 8 and 16 elected members, in December 2011.

Public Interest Committee

The principal role of the Public Interest Committee (‘PIC’) is to enhance confidence in the public interest aspects of the firm’s activities with particular reference to high level, general oversight of the firm’s decision-making, stakeholder dialogue, risk management and quality control, remuneration policy and the issuance of selected annual reports to stakeholders.

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