Accounting and Auditing

Mauritius places a strong emphasis on ensuring robust corporate reporting and governance, and the Financial Reporting Council (FRC) is established as an independent regulator under the Financial Reporting Act 2004, which now falls under the aegis of the Ministry of Financial Services, Good Governance and Institutional Reform. Furthermore, the Mauritius Institute of Professional Accountants (MIPA) acts as an umbrella professional body for professional and public accountants who are members of Professional Accountancy Institutes and Associations specified in or contemplated by the Financial Reporting Act.

Nearly all of the accounting and audit firms in Mauritius are affiliated to the FRC and MIPA, and firms are required to take account of the principles of the Companies Act 2001 and International Financial Reporting Standards (IFRS) in the preparation of financial statements. Firms provide services including stock management, book keeping, preparation of managerial and annual financial statements and review reports for companies and organisations.