Going for gold with Olympic Committee
Olympic Committee

Going for gold with Olympic Committee

We are on our clients’ side every day: helping them achieve growth, minimise risk and turn potential opportunities into reality. Find out about our work with the Dutch Olympic Committee below.

The Olympic Committee in the Netherlands had long relied on the same professional service provider for its auditing needs – until 2017 when an appetite for change combined with the effects of stricter audit regulations saw Mazars appointed as auditor.

“In the Netherlands, the Olympic Committee has oversight of the world-famous games and represents the interests of the country’s many sports associations. The committee works with the Ministry of Sport to manage the funding of sports at the local, regional, national and international level,” says Mazars Partner Maurice Quaedvlieg. “That means over the last two years Mazars has been tasked with helping the committee account for large subsidies and controlling complicated financial flows to multiple organisations all around the country.”

Mazars is also involved with the audit of the sports and training facilities, which play a central role in preparing the country’s athletes for the games in 2020 and 2024. For the latter – the Paris 2024 Games – Mazars is proud to have been named its official auditor.

The Olympic Committee may be set up like a charity, but it does not operate like one, says John Bierling, CFO of the Dutch Olympic Committee. “Given the nature of what we do, we report in very specific ways and have to treat our funding with as much care as possible. Mazars has been able to come in and use its service and sector expertise to assist us with our specific approach to funding and all the regulations – and opportunities – associated with it.”

Responsible for the country’s participation in the Olympic Games and representing the interests of hundreds of Dutch sports associations, the committee is often in the media and political spotlight. “Integrity and transparency are key”, says Bierling, “A long-term, healthy financial policy means we can provide stability to the nation’s sporting teams: at the very highest level as well as at the grassroots.”

He adds, “Personal attention has been the name of the game with Mazars. We are in close contact with the team, and they are always on hand to answer our questions. We’re glad to have a partner which not only acts like an auditor, but as an overall advisor to our organisation.”

This article is taken from ‘Striking the Balance: Mazars 2019 Yearbook.’

For more on how Mazars is accompanying our clients’ development and helping them navigate the complex environments in which they operate, download the full Yearbook below.