Economic Governance and Management 166 Chapter 4 Standards and codes Signature or subscription Ratification Internalisation ISA and IAS Audit Act (Companies Act), 2001 Subscription to INTOSAI Code of Ethics and adoption of the IFRS Review of the Financial Audit Manual in Application of International Standards Code of Good Practices on Transparency in Monetary and Financial Policies Evaluation of the Stability of the Financial Sector by the IMF, April 2007 Financial Sector Assessment Programme (FSAP) of Mauritius and the IMF Core Principles for Systemically Important Payment Systems (2002) Reports of the Bank of Mauritius (BoM) The FSAP of Mauritius and the IMF Core Principles for Effective Banking Supervision Evaluation of the Stability of the Financial Sector by the IMF, April 2007 The FSAP of Mauritius and the IMF Core Principles for Securities and Insurance Supervision and Regulation Evaluation of the Stability of the Financial Sector by the IMF, April 2007 The FSAP of Mauritius and the IMF. Strengthening the controlling powers of the Financial Services Commission (FSC) by the law of 2007. AU Convention on Preventing and Combating Corruption (2003), UN Convention against Corruption (UNCAC) (2003), and SADC Protocol against Corruption Signing of the SADC Protocol on 14/08/2001 Declaration of the AU on Democracy, Political, Economic and Corporate Governance Adopted on 08/07/2002 Ratification of the United Nations (UN) Convention on 14/02/2004 and of the SADC Protocol on 04/01/2002 Adoption of laws against corruption, money laundering and the financing of terrorism instituted by the Independent Commission Against Corruption (ICAC), the FSC and the Financial Intelligence Unit (FIU) Chapter 4 Standards and codes Economic Governance and Management Signature or subscription Abuja Treaty establishing the African Economic Community (1991) Ratification Internalisation February 2002 COMESA Treaty Subscription on 05/11/1995 SADC Memorandum of Understanding (MoU) on Cooperation in Taxation and Related Matters Signed on 08/08/2002 SADC MoU on Macroeconomic Convergence Signed on 08/08/2002 Treaties of the SADC and their amendment Subscription on 28/08/1995 and amendment of the Treaty on 14/08/2001 SADC protocols on transport, communication, meteorology and energy Signed on 24/08/1996 SADC Protocol on Trade, and its amendment Signed on 24/08/1996. Amendment signed on 07/08/2000 29/10/2000 SADC Finance and Investment Protocol Signed on 18/08/2006 Signing and ratification of several SADC protocols Ratified on 11/01/1996 11/02/2009 Source: CRM The AU Convention on Preventing and Combating Corruption, UNCAC, and the SADC Protocol against Corruption 394. Mauritius has signed but not ratified the AU Convention on Preventing and Combating Corruption. However, it ratified UNCAC on 15 December 2004 and the SADC Protocol on 4 January 2002. The CRM was informed that the 2007 Transparency International Report on the indicators of perceived corruption ranked Mauritius as 53rd of 179 countries surveyed. Its performance improved to 41st and 42nd out of 180 countries in 2008 and 2009 respectively. The government 167