Nepal Chartered Accountants Act, 2053

Purpose: To establish an institute of chartered accountants to raise social recognition of and trust in the accounting profession. Enacted by Parliament in the 25th year of King Birendra's reign.

Structure: Chapter 1 preliminary; Chapter 2 establishment and management of the Institute; Chapter 3 the Council; Chapter 3A Accounting Standards Board; Chapter 3B Standards on Auditing Board; and further chapters.

Key provisions:

• Section 3: establishes the Nepal Chartered Accountants Sanstha, called the Institute of Chartered Accountants of Nepal (ICAN) in English, headquartered in the Kathmandu Valley.
• Section 4: ICAN is an autonomous body; Section 5: its objectives.
• Section 6: no one else may use ICAN's name or emblem.
• Section 7: constitution of the Council; Section 11: its functions and powers.
• Section 14: disciplinary committee; Section 15: executive committee.
• Section 15A: constitution of the Accounting Standards Board, which issues Nepal Financial Reporting Standards (NFRS).

NBL CA syllabi also list the Nepal Chartered Accountants Regulation, 2061.

Bank statutory auditors must be ICAN members, and banks prepare their financial statements under NFRS issued by the Accounting Standards Board set up by this Act.

उद्देश्य: लेखा पेशाप्रति सामाजिक मान्यता र विश्वास बढाउन चार्टर्ड एकाउन्टेन्ट्स संस्था स्थापना गर्ने।

मुख्य व्यवस्था:

• दफा ३: नेपाल चार्टर्ड एकाउन्टेन्ट्स संस्था (Institute of Chartered Accountants of Nepal) को स्थापना।
• दफा ४: स्वशासित संस्था; दफा ५: उद्देश्य।
• दफा ७: परिषद्को गठन; दफा ११: परिषद्को काम र अधिकार।
• दफा १४: अनुशासन समिति।
• दफा १५क: लेखामान बोर्डको गठन, जसले नेपाल वित्तीय प्रतिवेदनमान (एनएफआरएस) जारी गर्छ।
• परिच्छेद ३ख: लेखापरीक्षणमान बोर्ड।

बैङ्कका लेखापरीक्षक आईक्यानका सदस्य हुनुपर्छ र बैङ्कले यसै ऐनअन्तर्गतको लेखामान बोर्डले जारी गरेको एनएफआरएस अनुसार वित्तीय विवरण तयार गर्छन्।