Government of Nepal Formed First Board of Accounting Standards Board, Nepal  in July 2002 with an amendment to the Institute of Chartered Accountants of Nepal Act 1997 incorporating the provision for its establishment and operation.

For detail click below link:

http://rajpatra.dop.gov.np/welcome/book/?ref=19683 

Following is the First Term formation of the Board by Goverment of Nepal, which is published in Nepal Gazetee.

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 Chartered Accountants (CA) & One Registered Auditor (RA) nominated by Government of

                       Nepal on the recommendation of Institute of Chartered Accountants of Nepal's Council.