You will find here the latest news from Mazars in Switzerland and Mazars worldwide.
Mazars sponsors Geneva Watchmaking Grand Prix for the 7th year in a row
Mazars is proud to sponsor the Watchmaking Grand Prix in Geneva (Grand Prix d’Horlogerie) - a Foundation which aims to promote the excellence of the world’s best watchmakers, to encourage creativity and to attract new talents.
Brexit Radar: discover what’s ahead and plan your next steps
After years of negotiations the UK has officially left the European Union. Since 1 January 2021, relations between Switzerland and the United Kingdom have been subject to new agreements. For many companies, it remains difficult to fully understand the varied impacts of Brexit – whether doing business directly or indirectly with the UK.
During the ongoing coronavirus situation, our priority is to protect our employees and act responsibly vis-à-vis our community (our clients, providers and partners). Therefore, we are following all the WHO’s guidelines and the recommendations of the Federal Council aimed at limiting the expansion of the virus.
15 January 2020: Mazars, the international audit and advisory firm, today announces revenues of €1.8 billion in its 2018/2019 financial year (1 September 2018 - 31 August 2019), up 10.4% (excluding Forex impact of +0.2%) compared to the previous financial year. The increase in revenues was supported by a strong 9.0% organic growth, complemented by a positive external growth of +1.3%.
Innovation and transformation are words that we hear, read or write several times a day. But how do we make sense of all these new technological, societal or business trends? How do companies implement some of these changes in practice? And most importantly, how do businesses move from ‘doing’ digital to ‘being’ digital?
Mazars latest IFRS Insight addresses the accounting for financial instruments under IFRS. It draws on several relevant IFRS standards to tackle, in one handbook, the entire range of challenges related to financial instruments among which: recognition and derecognition, classification and measurement, impairment for credit risk, derivatives and hedging, and related disclosures. It includes all the new requirements introduced by IFRS 9 and the related amendments to other standards such as IFRS 7.
Regulation and Sustainability: Five questions, answered
Regulation can be a powerful force in driving sustainable practices amongst businesses – from corporate reporting to mandatory action. But what are the right metrics for sustainability and who should be responsible for tracking them? The response to these questions may be different based on geography, sector and market segment.
Article #2: Regulatory reform in uncertain times - No rest for the weary
In this second article of our thought leadership programme around the transformation of Financial Services, we are discussing how financial services firms are dealing with a continued flood of regulation.
Mazars’ Tomorrow’s Audit Hackathon results confirm the need for disruption in audit
The "Tomorrow’s Audit" Hackathon, a two-day event organised by Mazars end of June 2017, convened over 80 participants from different countries under the hashtag #hacktheaudit. Its goal was to create a vision of what the audit of the future may look like in order to truly address the needs of all stakeholders.
Country-by-Country Reporting (CBCR) - What's up in Switzerland
In October 2015 the OECD published as part of the Base Erosion and Profit Shifting Project (“BEPS”) recommendations on Country-by-Country Reporting (“CbCR”). On April 13th 2016, the Swiss Federal Council released the draft federal act on CbCR for consultation. The draft law follows the OECD recommendations on CbCR. The planned effective date of the new legislation should be January 1st 2018. The first CbC Reports exchanges will occur in 2020. Earlier exchange could happen on a voluntary basis.