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Accounting & Financial Reporting

Financial Clarity Across Every Jurisdiction

Accurate, timely, IFRS-compliant financial reporting is the foundation of regulatory credibility, and a prerequisite for maintaining the banking relationships, investor confidence, and FSC standing that your structures depend upon.

Overview

Financial Reporting for Mauritius Entities

Mauritius-licensed entities are required to prepare audited annual financial statements under International Financial Reporting Standards (IFRS), file corporate tax returns with the Mauritius Revenue Authority, and maintain books of account in accordance with the Companies Act 2001. These are not administrative formalities, they are regulatory obligations that, if poorly managed, can jeopardise the entity's FSC licence, its banking relationships, and its ability to claim DTAA benefits.

Aurevya's accounting practice provides the full range of financial services for Mauritius entities, from day-to-day bookkeeping and management accounts to statutory financial statement preparation, audit liaison, and MRA compliance. We work seamlessly with our governance and compliance teams to ensure that financial reporting obligations are met without disruption to the entity's operations, delivering accurate, timely reporting that inspires confidence in regulators, banks, and investors alike.

For entities with multi-currency transactions, complex intercompany flows, or significant treasury activity, our accounting team has the specialist expertise to handle financial reporting of any complexity, including entities with operations across multiple African and Asian jurisdictions, intercompany loan positions, and derivative instruments.

IFRS
Accounting Standards
All Mauritius-licensed entities must prepare financial statements in accordance with International Financial Reporting Standards, the globally recognised framework for financial reporting.
MRA
Compliant Tax Filing
Corporate income tax returns, advance payment system (APS) filings, and all MRA correspondence, managed by Aurevya's accounting team throughout the tax year.
Annual
Audited Accounts
GBCs and most licensed entities require annual audited financial statements, Aurevya coordinates the preparation and audit process to ensure timely completion and FSC compliance.

What We Provide

Key Features of Our Accounting Service

Bookkeeping & Ledger Management
Day-to-day recording of all financial transactions, receipts, payments, intercompany transfers, loan drawdowns, and investment activity, maintained in a properly structured general ledger in accordance with IFRS and the Companies Act 2001.
Management Accounts
Quarterly or monthly management accounts providing the board and shareholders with an accurate view of the entity's financial position, including income statement, balance sheet, cash flow statement, and any relevant supplementary analyses required by the group.
IFRS Financial Statements
Annual statutory financial statements prepared in accordance with IFRS, including all required disclosures, notes, and supplementary schedules, ready for board approval and submission to the external auditor. Aurevya prepares financial statements for entities of all sizes and complexities.
Audit Liaison
We manage the entire audit process on behalf of the entity, coordinating with the appointed external auditor, providing all required working papers and supporting documentation, responding to audit queries, and ensuring that the audit is completed within the required statutory timeframe.
MRA Tax Filing
Preparation and submission of all Mauritius Revenue Authority filings, including annual corporate income tax returns, Advance Payment System (APS) quarterly instalments, and any supplementary returns required. We also manage MRA correspondence and any tax assessments or queries that arise during the tax year.
Payroll Processing
For entities with Mauritius-based employees, including GHQ entities and GBCs with substantive local headcount, we provide end-to-end payroll processing including PAYE calculations, NPF and NSF contributions, payslip generation, and all required MRA employer filings.

Process

How It Works

01
Chart of Accounts Setup
For new entities or new engagements, we establish a tailored chart of accounts appropriate to the entity's business model and reporting requirements, ensuring that the accounting structure captures all necessary information for IFRS reporting and MRA tax purposes from day one.
02
Ongoing Bookkeeping
All financial transactions are recorded promptly and accurately in the general ledger, with bank reconciliations performed monthly, intercompany balances tracked, and all supporting documentation maintained in an organised, accessible format for audit purposes.
03
Quarterly Management Accounts
Management accounts are prepared quarterly and presented to the board, providing timely financial intelligence to support governance decisions, board meetings, and any reporting requirements to parent companies or investors in the entity.
04
Year-End Accounts Preparation
Following the close of the financial year, we prepare the complete set of IFRS-compliant statutory financial statements, including all required notes and disclosures, in the format required for both board approval and submission to the external auditor.
05
Audit Support
We provide comprehensive support throughout the audit process, preparing audit working papers, reconciling all balance sheet positions, responding to auditor queries, and coordinating between the auditor and the entity's directors to ensure a smooth and timely audit completion.
06
MRA Tax Return Filing
The annual corporate income tax return is prepared based on the audited financial statements and filed with the MRA within the required deadline. All APS quarterly payments are calculated and remitted throughout the year, and any MRA correspondence arising from the return is managed by Aurevya's tax team.

Common Questions

Frequently Asked Questions

Mauritius companies are required to file annual financial statements with the Registrar of Companies within 28 days of the annual general meeting, which must be held within six months of the entity's financial year-end. For GBCs and other FSC-licensed entities, audited financial statements must also be submitted to the FSC within three months of the financial year-end (or such other period as specified in the entity's licence conditions). The MRA corporate income tax return must be filed within six months of the financial year-end. Aurevya tracks all filing deadlines for each client entity and manages the preparation and submission process to ensure that no deadline is missed.
Mauritius requires companies to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted in Mauritius, which in practice mirrors the full IFRS framework issued by the International Accounting Standards Board. Smaller entities may apply IFRS for SMEs where eligible. All GBCs are required to apply full IFRS, and the FSC specifically mandates IFRS compliance as a condition of the Global Business Licence. Aurevya's accounting team is fully versed in the application of IFRS across the range of entity types and business activities encountered in the Mauritius international financial services sector.
Yes, the FSC requires that all GBCs prepare and submit audited annual financial statements. The audit must be conducted by an independent, FSC-approved auditor registered in Mauritius. The audit requirement is one of the more substantive compliance obligations of GBC status and reflects the FSC's expectation that licensed entities maintain rigorous financial accountability. Aurevya works with a panel of qualified Mauritius audit firms and coordinates the full audit process, from preparation of audit-ready financial statements through to final signed audit report, as part of its annual accounting service.
Many Mauritius entities conduct transactions in multiple currencies, particularly those with African or Asian investment or trading activities. Under IFRS, transactions in foreign currencies must be translated at the exchange rate at the date of the transaction, with monetary balances retranslated at the closing rate. Foreign exchange differences are recognised in profit or loss or other comprehensive income depending on the nature of the item. Aurevya's accounting team manages multi-currency bookkeeping as a standard component of the service, applying appropriate exchange rates, calculating foreign exchange differences, and disclosing the entity's foreign currency risk position in the financial statements in accordance with IFRS 7.
The annual corporate income tax return must be filed with the Mauritius Revenue Authority within six months of the entity's financial year-end. For example, an entity with a 31 December year-end must file its return by 30 June of the following year. In addition to the annual return, GBCs are subject to the Advance Payment System, requiring quarterly tax instalments based on the entity's estimated annual tax liability, payable in the months of August, November, February, and May. Aurevya prepares and submits both the annual return and all APS instalments as part of its annual tax compliance service.

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