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Establishment of MIPA
 
The Financial Reporting Act 2004, (Act), has become effective in Mauritius on 20 January 2005 and has established MIPA, the Financial reporting Council, the National Committee on Corporate Governance and the Mauritius Institute of Directors.
 
   
Objects of MIPA
 
The objects of MIPA are to supervise and regulate the accountancy profession and to promote the highest standards of professional and business conduct of, and enhance the quality of services, offered by professional accountants in Mauritius.
   
     
  Function of MIPA  
 
MIPA is an umbrella professional body for professional and public accountants who are members of professional accountancy institutes and associations specified in or contemplated by the Act and its functions are, amongst others, to:
 
   
 
1.
Lay down its bye-laws, including those relating to membership rules;
 
2.
Establish, publish and review a Code of Professional Conduct and Ethics for professional accountants consistent with the IFAC's Code of Ethics;
 
3.
Maintain registers of Professional/Public Accountants, Member Firms, etc;
 
 
4.
Conduct, or arrange for the conduct of, such examinations as it thinks necessary for the purposes of registering professional accountants;
 
 
5.
Devise, enforce and monitor compliance of CPD standards;
 
 
6.
Inquire into any written complaints and to institute disciplinary actions as required.
 
   
 
  Board Members of MIPA
 

MIPA is self-monitored by the profession in a transparent manner through its Board which consists of 7 members of the professional accountancy bodies specified in the Act and elected by general assembly.

 
   
 
In accordance with section 47 of the Act, the current Board was constituted in September 2011 and the current office bearers are:
 
   
 
Chairperson  
Mr. Patrick NG TSEUNG
Patrick Ng Tseung is an Associate member of the Institute of Chartered Accountants in England and Wales. He qualified with Arthur Andresen (London) before moving within the same firm to Singapore where he spent two and a half years. He returned to Mauritius in 1999 to join De Chazal du Mee and then joined Ernst & Young as a partner in 2003. Patrick is a Past President of the Society of Chartered Accountants in Mauritius. At Ernst & Young Mauritius, he heads the Professional Practice Group. Patrick was elected as a board member of MIPA in September 2009.
 
  1st Vice Chairperson  
Mrs Lilawattee TARACHAND  
 
Lila Tarachand is a Fellow of Chartered Institute of Management Accountants (FCMA) and an Associate of the Institute of Chartered Accountants in England and Wales (ICAEW). She is Senior manager with BDO Mauritius, working for clients in a broad spectrum of industries, both local and overseas. Currently, Lila is the Secretary of CIMA Mauritius branch. She was elected as a board member of MIPA in September 2010.
 
  2nd Vice Chairperson  
Mr. Ameene KODABUX  
Ameene Kodabux is a Fellow of the Association of International Accountants AIA). He started his career in 1977. Over the last thirty three years, he has worked for several Chartered Certified Accountants firms, including Cownie & Co. (1977-1980), Lamusse Sek Sum & Co. (1980-1986) and De Chazal & Associates (1986-1989). He is presently the Manager of Mab&Co. – Chartered Certified Accountants. He was re-elected to the board of MIPA in September 2011.
 
  Secretary  
 
Mr. Hurry Deva KANAKSABEE
 
 
Mr H. Deva Kanaksabee is a Fellow of the Association of Chartered Certified Accountants. He was formerly in practice at BDO DCDM in the Audit and Business Advisory Services, servicing clients both in Mauritius and countries in African continent. He joined the British American Group of Companies in 2005 where he is currently the Chief Financial Officer. Mr Kanaksabee was Vice-Chairman of ACCA Mauritius for the years 2009/2010 and 2010/2011. He was elected as a board member of MIPA in September 2011.
     
  Treasurer  
  Mr. Sundara Rajen SOOBEN  
 
Sundara Rajen Sooben is a Fellow member of Chartered Institute of Management Accountants (2010) and Association of Chartered Certified Accountants (2003). He is presently the Vice President at the Corporate Finance of BACI Holdings Ltd since 2004 a subsidiary company of BA Investment Mtius Co ltd. He began his career in 1992 in the audit practice at Kemp Chatteris Deloitte whereby he gained significant accounting, auditing and taxation experience. In 1996, he joined the IBL Tourism Business Unit as Finance Manager overseeing the finance of hotels and tour operating activities. He was a Board member of CIMA Mauritius branch in 2007 and 2009. Mr Sooben was elected to the Board of MIPA in September 2011.
 
  Board Member  
Mr. Bhimal GOOROOCHURN  
 
Bhimal Gooroochurn is a Fellow member of The Association of Chartered Certified Accountants (ACCA) and is currently the Financial Controller of Gamma-Civic Construction Ltd. Professionally, he gained considerable accounting, auditing, taxation and business consultancy experience with KPMG Mauritius, Haines Watts (London) and Harris & Trotter (London) in senior positions. He moved out of practice in 2001 and joined Gamma in 2002. Bhimal was a Board member of the Financial Reporting Council, a Past Executive Member of ACCA Mauritius and a Past Chairperson of MIPA. Mr Gooroochurn was re-elected to the Board of MIPA in September 2010.
 
  Mr. Osman BADAT  
 
Osman Badat is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW). He started his career in the UK and joined PricewaterhouseCoopers Mauritius in 1998. He moved to British American Investment Group in 2001 and is presently the Chief Financial Officer of that Group. Osman is a Past Chairman of The Society of Chartered Accountants in Mauritius and a Past Chairperson of MIPA. He was re-elected to the board of the MIPA in September 2009.
   
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