ASB Board Members:

ASB Nepal consists of 13 members comprising a Chairman appointed by the Government of Nepal from Fellow Chartered Accountants (FCA) and other members are representative of Ministry of Finance, representative of Office of the Auditor General, representative of Financial Comptroller General Office, Company Registrar of Office of the Company Registrar, Director General of Inland Revenue Department, Chairman of Securities Board of Nepal & Five Chartered Accountants (CA) & One Registered Auditor (RA) Nominated by Government of Nepal on the recommendation of the Council of Institute of Chartered Accountants of Nepal (ICAN).

 

   

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1. NAS Development and Revision Technical Committee

(Formed by Board's 119th Meeting)

S.No Name Designation 1 CA. Prabin D. Joshi

Coordinator

2 CA. Gopal Prasad Pokharel

Member

3 CA. Suresh Devkota

Member

4 CA. Bhoj Raj Pandey

Member

5 CA. Binay Prakash Shrestha

Member

6 CA. Jitendra Kumar Mishra

Member

7  Mr. Santosh Bhattarai

Administration Dept

2. Capacity Development Committee

(Formed by Board's 119th Meeting)

S.No Name Designation 1 CA. Satish Chandra Lal

Coordinator

2 Mr. Dila Ram Giri

Member

(Representative, Ministry of Finance)

3 Mr. Bishnu Prasad Rijal

Member

(Representative, Office of the Auditor General)

4 Mr. Niraj KC

Member

(Representative, Financial Comptroller General Office)

5 CA. Gopal Prasad Pokharel

Member

6 CA. Bhoj Raj Pandey

Member

7 RA. Badri Prasad Bhattarai

Member

8  Mr. Santosh Bhattarai

Administration Dept

3. Audit Committee

(Formed by Board's 119th Meeting)

S.No Name Designation 1 Mr. Bishnu Prasad Rijal

Member

(Representative, Office of the Auditor General)

2 Mr. Niraj KC

Member

(Representative, Financial Comptroller General Office)

3 CA. Gopal Prasad Pokharel

Member

4  Mr. Santosh ... Read More

Government of Nepal Formed Accounting Standards Board, Nepal  in March 2003 with an amendment to the Institute of Chartered Accountants of Nepal Act 1997 incorporating the provision for its establishment and operation.

 

ASB Nepal consists of 13 members comprising a Chairman & Members

 

Accounting Standards Board Formation:

 Chairman    : Fellow Chartered Accountant (FCA), nominated by the Government of Nepal

Member       : Representative of Ministry of Finance

Member       : Representative of Office of the Auditor General

Member       : Representative of Financial Comptroller General Office

Member       : Company Registrar of Office of the Company Registrar

Member       : Director General of Inland Revenue Department

Member       : Chairman of Securities Board of Nepal

Members      : Five ... Read More

Accounting Standards Board (ASB), Nepal, formed under section 15a, is an independent statutory body responsible to set and issue accounting standards for various types of entities. The members of the Board are nominated by Government of Nepal and comprise accounting professionals and government representatives. ASB Nepal is primarily responsible for setting accounting and financial reporting standards for business enterprises in convergence with the International Financial Reporting Standards (IFRSs). The Board is also responsible to issue interpretations of NFRSs. In addition to this Board is also engaged in advocacy, education and training for effective implementation of NFRSs.

 

Accounting Standards Board, Nepal has so far ... Read More

The objective of the Board is to formulate accounting standardsin line with IAS/IFRSs issued by IASB. The Board has full discretion in developing and pursuing the technical agenda for setting Accounting Standards in Nepal.

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