AOSSG 10th Annual Meeting, November 21-22 2018, Singapore [Participated by Chairman, CA. Mahesh Khanal, Members: CA. Prabin D. Joshi & RA. Badri Psd Bhattarai]

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An Introduction

The Accounting Standards Board (ASB) is an independent statutory body with the responsibility to set and issue accounting standards for preparation and presentation of financials statements in Nepal. The Government of Nepal  established ASB  in March 2003 with an amendment to the Institute of Chartered Accountants of Nepal Act 1997 incorporating the provision for its establishment and operation. The ASB is primarily responsible for setting accounting and financial reporting standards for business enterprises in line with the International Financial Reporting Standards (IFRSs). Since 2007, ASB has also been entrusted by Nepal Government with the responsibility to develop accounting standards for public sector in line with the International Public Sector Accounting Standards (IPSASs).

The ASB 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 recommendation of Institute of Chartered Accountants of Nepal (ICAN).

Current Affairs
Accounting Standards Board, Nepal has recently published NAS for Micro Entities 2018 Book.  ... Read More
Notice of ICAN regarding NAS for NPOs & NAS for MEs Pronouncement/Implementation   Note:  1. Book of NAS for MEs has been published click ... Read More
Notice of ICAN regarding NFRS for SMEs Implementation ... Read More
NFRS Implementation Notice of ICAN.pdf ... Read More
Notice Published on Gorkhapatra Daily on May 11, 2019 Saturday   ... Read More
Nepal Rastra Bank has published the Format of Financial Statements for 'A' class Commercial Banks.   Click in the following link for the detail:,_B_&_C_Class--Circular_23-Attachment_to_Format_of_Financial_Statements_of_Commercial_Banks_Related-new.pdf  ... Read More
Notice of Auditing Standards Board Nepal related to Nepal Standards on Auditing (NSA) 2018   For detail:पुस्तक-प्रकाशन-सम्बन्धी-सुचना/18/0/36#.W-Fd37t1PIU  ... Read More
  For detail click in the following link:  ... Read More
NFRS for SMEs 2017 book is available at ASB Nepal Secretariat. Price: NRS 500/- (For detail contact us : 01-5523314)   ... Read More
  The Board prepared the Nepal Accounting Standards for Micro Entites (NAS for MEs) 2018 and sent to ICAN for the pronoucnement. ... Read More
Nepal Financial Reporting Standards for Small and Medium-sized Entities (NFRS for SMEs 2017) (This book has been already published) Rs. 500 (NRS)   You can ... Read More
The Board has published 15 Application Guidance Notes Book based on Nepal Finanancial Reporting Standards (NFRS) 2013.   You can buy this book ... Read More
List of Application Guidance Notes base on Nepal Financial Reporting Standards 2013 NFRS 1 First time Adoption of Nepal Financial Reporting Standards NAS ... Read More
The Accounting Standards Board of Nepal has prepare the Model Financial Statements on the basis of NFRSs 2013. This Model will ... Read More

Rececent Posts
Exposure Draft of NFRSs 2018 (New) - For Comments only
Board Formation by Government of Nepal
Two banks’ balance sheets lack NFRS compliance
Banks to publish financial statements as per NFRS
ASB Board Meeting Conducting Procedure 2073
Awareness Programs for FY. 2076/077
Nepal Public Sector Accounting Standards (NPSAS)
Committees/Sub-Committees/Task Force (6th Term)
लेखामान बोर्डको अध्यक्षमा सि.ए. महेश खनाल
Carve-Out on NFRS (NEW)
Function, Duties & Power
Past Chairman (1st to 5th)

Awareness Programs

  Awareness Programs for FY. 2076/077

Contact Us

Accounting Standards Board, Nepal (लेखामान बोर्ड, नेपाल)
5th Floor, ICAN Building,
Satdobato, Lalitpur, Nepal
Phone: +977-1-5523314
Fax : +977-1-5523314

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