Walking the regulation tightrope in a socially and ethically compliant manner

In March of this year, Mazars won the International Accounting Bulletin (IAB) “Audit Innovation of the Year Award” in London, for its Human Rights and Audit Practice.

Mazars was selected as the winner for taking the lead in assessing clients against the Mazars Indicators, developed to measure compliance within companies, in relation to their human rights and social compliance practices.

Locally, the Mazars Indicators are useful in ensuring compliance for clients bound by Regulation 43 of the Companies Act, 71 of 2008 (Regulation 43), who are state owned companies, listed companies or who have in any two of the previous years scored above 500 points in terms of their Public Interest Score card.