MAZARS HUMAN RIGHTS AUDIT WINS “AUDIT INNOVATION OF THE YEAR” AWARD

JAKARTA, March 13, 2012 –The Mazars Human Rights Audit, which was developed among others by Indonesian internationally acclaimed Human Rights expert Marzuki Darusman* won the Audit Innovation of the Year from the International Accounting Bulletin (IAB) Awards in London, England (8/3).

JAKARTA, March 13, 2012 –The Mazars Human Rights Audit, which was developed among others by Indonesian internationally acclaimed Human Rights expert  Marzuki Darusman* won the Audit Innovation of the Year from the International Accounting Bulletin (IAB) Awards in London, England (8/3).

IAB Awards recognised and rewarded the leading accounting firms, networks and alliances across the world, judged by an independent panel of high level accounting experts.

Philippe Castagnac, CEO of the Mazars Group, commented on the IAB reward: “For Mazars, Human Rights compliance is central to business and is a powerful strategy in current business environment. Business is now playing a more pronounced and visible role in the human rights debate following an increasing pressure to act with due diligence to avoid infringing on the rights of others as laid out in the UN Human Rights’ policy framework. Many international companies have started embarking on this issue but need to be assisted by truly recognised experts. It’s why we decided to launch this “Human Rights” practice. Today, we are really proud of the recognition by the IAB Awards jury of this innovative initiative in which we truly believe”.

This award recognizes the practice which has made a major, demonstrable impact on audit quality and client service. Judges considered the following criteria:
• Evidence of improvements in efficiency, accuracy and reliability
• Client satisfaction
• Evidence that the innovation is unique to the market it serves
• Evidence that the innovation has become a model of best practice to the market it serves

On the IAB’s website, the jury comments on the reasons why they rewarded Mazars on the Innovation of the Year category: “Mazars has taken a lead role in assessing audit clients against the Mazars Indicators for Human Rights Compliance. These indicators measure how well a company is complying with basic human rights. They are assessed against local laws and consolidated at an international level. Judges felt the Mazars Human Rights Audit was pertinent, innovative and could set a benchmark for global best practice”.
 
Guiding principles of the creation of a “Human Rights” practice by Mazars
The current Global financial crisis has shown that sustainability, along with good and meaningful financial reporting, is important information when reporting on a company’s performance. Mazars recognizes the profound changes taking place in the world and seeks to be out in front with relevant reporting for their clients and meaningful information for their various stakeholders and Regulators.

More information on the IAB Awards click here

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