What is the jurisdiction's status of adoption?
Mauritius has already adopted both full IFRS Standards and the IFRS for SMEs Standard.
Additional comments provided on the adoption status?
The Companies Act 2001 requires all companies with annual revenue over 50 million rupees (approximately US$ 1.5 million) to use IFRS Standards, but if the company is not a Public Interest Entity (PIE) it is allowed to use the IFRS for SMEs Standard. PIEs are all companies that are listed on the Stock Exchange of Mauritius, some financial institutions regulated by the Bank of Mauritius or by the Financial Services Commission, and companies that exceed two quantitative thresholds in the two consecutive preceding periods: annual revenue more than 200 million rupees (approximately US$ 6 million), total assets more than 500 million rupees (approximately US$ 15 million), and number of employees more than 50.