IMF Staff Country Reports

Mauritius: Technical Assistance Report-Towards Accrual Accounting and the Adoption of International Standards

Publication Date:

October 27, 2017

Electronic Access:

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Summary:

This Technical Assistance Report discusses the technical advice and recommendations of the IMF mission to the authorities of Mauritius regarding implementation of an accrual accounting framework and the adoption of international standards. It is recommended that the International Public Sector Accounting Standards be applied by all public sector entities unless the primary objective of the entity is return on investor equity. This will simplify the framework and the implementation effort and will lead to efficiencies in the preparation of consolidated financial statements. Moreover, the accrual financial statements should be compared and reconciled with budget and budgetary reports.

Series:

Country Report No. 2017/326

Subject:

Accounting standards Accrual accounting Budget planning and preparation Financial statements Fiscal accounting and reporting Public financial management (PFM)