Team
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Commitments
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History
Over 80 years of history
A long lasting history starting in 1936 with M Léon Constantin a French civil engineer when he decided to become a business consultant. When the war broke out the archives, at that time only paper wise, went to London and business started again in 1945. He then was able to support individuals that became celebrities in the business world (Mémoires d’Edgar Faure. Mémoires d’André Rousselet) and participated with them to the creation of several lead firms in investment banking, food industry, motorcar industry and many other sectors. Most of them still exist. He was also active in the political live to organize financing and in publishing many books in a variety of fields, music (Berlioz,) Law (The criminal law) business (the negotiation). Extraordinary for the time he also wrote an audit manual and opened branches in London and New York of the financial audit practice he set under his name and signature with the SEC authorization for the listing in 1955 of SIMCA a French car manufacturer on the US financial markets.
After he passed away in 1973, his name was transferred with his authorization to a group of French CPA’s who had already worked for him and for the US specifically to Jean-François Serval. This is the Constantin Associates CPA Llp. successor. During this long-lasting period the audit practice did grow a lot opening new practices in several western European countries and auditing major international companies
In 2008, the French practice was acquired from the holding company Groupe Audit by the branch of a big four and the Constantin’s name for Europe is no longer part of the same group.
Since, Groupe Audit and Constantin built a new European network to be able to operate on all the western countries of the continent and also expand in ASIA. As a result it is now fully operative to service global western clients throughout the world with its high quality standard and leading clients in their respective sector and governments.
In Europe, being part of the same network as Constantin Associates CPA Llp, the practice operates under the holding’s name of Groupe Audit and Serval & Associés.
Becoming over the years a pure audit player it is now emerged in the new digital world which has changed financial information which has to be is dealt with and to be audited to satisfy both the expectations of global managements and the safety of the public.
In the US address did not leave Madison Avenue since inception (while moving from 375 to 480 and now since 1980, 575) and in Paris left the historical 66 rue de Caumartin to Levallois to rue Marius Aufan still the groups’ property to now Neuilly sur Seine on avenue Charles de Gaulle at number 163 (see locations).
Organization
Governance process
The network member firms are linked by contract. This contract commits these firms and all of their partners to technical reviews and governance processes on all aspects of their practice and behavior. An independent body of oversight is in charge of dealing with open issues.
Quality control
Constantin – Serval & Associes is organized in order to comply with all rules and regulations of Ethics through assigned executives using specific global software. This is to measure the risk of the assignments, the absence of conflict of interest and the quality of the work performed.
A compliance officer is in charge of the correct implementation of the processes. Quality control is performed with internal resources as well as external resources.
Processes
Constantin – Serval & Associes’s organization is also set up to allow compliance with the International Federation of Accountants “IFAC” code of Ethics and other major National codes of Ethics and professional procurements. This organization is transparent to competent authorities.
At the same time, all necessary processes are implemented to protect the client’s data and privacy.
International Coordination
Mr. Jean-François Serval, a French CPA and UK Auditor, coordinates assignments with the head office and other US and international practices.
Through its branch offices and correspondents, Constantin – Serval & Associes network, now covers all of Western Europe, North America and northern africa enabling it to service its clientele internationally.
Network
The network is organized so that the Member Firms are complying with the professional guidance’s (IFAC…and others), laws and regulations. It also exists to implement specific rules for ensuring the dedication of the staff, quality control as well as security for clients in the situation where a challenge arises on an assignment. Processes are also set to ensure long term consistency of the network as well as a sanction process if a partner does not respect the rules. The network also has a governance of global bodies in place to implement its rules.
The Member Firms are those which have signed the network framework agreement contract dealing with the above matters and goals.
The Correspondent Firms are those which are currently practicing or working with the Constantin/Groupe Audit- Serval & Associés network without having signed the network framework agreement. Like the Member Firms, they have to comply with all rules and professional procurements applicable for the assignments as well as justifying the absence of conflicts and their independence.
Neither status considers the existence or the possibility of referral fees between the firms. No profit sharing system exists, neither on a global basis nor on an assignment basis.