Mauritius Launches XBRL Data Collection
As of 18 November, the Corporate and Business Registration Department (CBRD) of Mauritius is using XBRL to collect annual financial statements from registered businesses. The agency has partnered with Mauritius Network Services, which administers a template-based instance document generator for filers to use. Once the data has been validated the system generates a .zip file that companies can upload to the CBRD. Since the the data is also validated when filed to the CBRD, companies can also generate their own XBRL files for submission. This is the second XBRL initiative in Mauritius. The country’s Central Bank automated its entire data collection, management and processing system starting in 2014. The CBRD has been actively engaging with stakeholders, which experience has shown to be a critical step in a successful implementation.