PracticeAuditMazars to acquire Deloitte public sector internal audit unit

Mazars to acquire Deloitte public sector internal audit unit

Mazars will gain 120 specialist public sector internal audit staff from Deloitte

DELOITTE’S public sector internal audit unit is to be acquired by Mazars in the New Year.

The unit provides internal audit services to London and South East-based government and health organisations.

The deal will see 120 specialist staff move to Mazars.

Mike Clarkson, managing director of Deloitte Public Sector Internal Audit condoned the move because the two companies “share a commitment to high quality public sector internal audit”.

A Deloitte spokesperson said the reason for the sale was that Mazars has a growth ambition in the internal audit market, especially for local government and local health economy.

Gareth Davies, Mazars head of public services said the deal showed it is: “Committed to maintaining the high standards of client service and technical quality they are used to.”

“The team brings extensive and valuable experience, and both clients and staff will be reassured to know that this is a strategic growth area for Mazars.”

Last year Mazars won a five year contract worth £3.7m from the Audit Commission, which dished out its audit work to external firms. The deal saw the firm serve 34 public sector councils such as NHS primary care trusts, police and rescue authorities.

 

Related Articles

Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

Audit Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

1w Alia Shoaib, Reporter
Shareholders bring lawsuit against Steinhoff and Deloitte

Audit Shareholders bring lawsuit against Steinhoff and Deloitte

3w Alia Shoaib, Reporter
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

5m Emma Smith, Managing Editor
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

6m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

6m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

6m Alia Shoaib, Reporter
FRC closes investigation into PwC over Tesco accounts

Accounting Firms FRC closes investigation into PwC over Tesco accounts

9m Alia Shoaib, Reporter
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

1y Emma Smith, Managing Editor