Online Submission of Annual Balance Sheets Now Possible
Corporate and Business Registration Department (CBRD), Republic of Mauritius, has mandated large public interest companies to present their balance sheets in XBRL (Extensive Business Reporting Language) from December 2016. These are companies regulated by bodies such as the Bank of Mauritius, the Financial Services Commission and the Financial Reporting Council. All financial statements for the accounting period ending June 30, 2016 will have to be submitted in XBRL format. IRIS Business Services has been in the country since February to develop a specific taxonomy for the Companies Registrar. CBRD plans on giving a free tool to users to prepare XBRL data. Additionally, trainings will also be conducted for users to familiarize them with the system.
For the translated press release in English click here