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Mazars has agreed to combine its US business with Forvis as part of a deal to create a global audit and advisory network, according to reports from the Financial Times.
Partners at both firms voted through the deal on Monday (16 November) continuing the wave of consolidation in the industry.
Alongside the US acquisition the two companies have signed an agreement to work together in a global network under the brand Forvis Mazars.
This will give US-based Forvis a bigger reach internationally while Paris-based Mazars will grow its reach in the US.
The network will be overseen by a global board which will have an equal number of senior partners from both firms with a three-year rotating chair.
Despite this, the two firms will still be owned by their respective partnerships and, outside of the US, will retain their existing management structures below the new global board.
