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audit detail substantive and control procedures compliance to regulatory requirements review. and completion of audit auditor s opinion in context of audit of cooperative institutions More. than 50 members of the Institute actively participated in the training. Meeting at Office of the Auditor General, Audit Advisory Committee of Office of the Auditor General OAG had organized a meeting on. 12 May 2019 at Office of the Auditor General in the Chairmanship of Honorable Auditor. General Mr Tanka Mani Sharma Dangal The meeting discussed on 56th Annual Report. submitted by OAG to the Government action plan for risk based audit and matters of public. interest to be covered in audit President CA Jagannath Upadhyay Niraula represented ICAN in. the meeting in the capacity of member of the committee. Introductory Video about the Institute, An introductory video regarding the Institute of Chartered Accountants of Nepal ICAN has. been broadcasted by the NTV Plus a television channel on 14 May 2019 This video has. covered the various aspects of the Institute such as objective of the Institute role of Institute in. Nation s economic development including role of educator and regulator of accounting. profession in Nepal role played by ICAN members in different professional capacity. international relationship of the Institute governance structure of the Institute member s. strength of the Institute introduction to CA education imparted by ICAN scope of Chartered. Accountants qualified from ICAN facility to students provided by the institute for development. of accounting profession in Nepal etc This video has also been uploaded to YouTube Please. view the video by clicking here and share it with other members students and general public. through different networking platforms such as Facebook Twitter. Link of the Video in YouTube https www youtube com watch v CXPOdfV5hB8. Participation in Review of Doing Business Report, Office of Prime Minister and Council of Minister in coordination with the World Bank had. organized a program to review Doing Business Report 2019 The workshop was focused on. discussion of findings of the report regarding Nepal and exploring different remedial measures to. be adopted for better business environment in Nepal The program was participated by the high. level government officials from different ministries and departments President CA Jagannath. Upadhyay Niruala represented the Institute in the program. Scholarship to Students, The Institute has published the list of 92 students selected for the scholarship 52 students of. CAP I level 26 students of CAP II level and 14 students of CAP III level have been selected for. scholarship For more details please click here,Notice of ISA Eligibility Test.
The Institute has published a notice inviting registration for Information System Audit ISA. eligibility test going to be held in technical collaboration with the Institute of Chartered. Accountants of India ICAI The deadline to submit the registration form is 12 May 2019. Examination date and time will be published later, ICAN Invites EOI for Review Update and Development of Study Materials. The Institute has invited expression of interest from Chartered Accountants members and other. professionals to maintain a panel of resource persons to review update and develop study. materials of CAP I CAP II and CAP III levels at frequent intervals Chartered Accountants. members and other professionals with minimum 3 years of post qualification experience having. added exposure are invited to submit their expression of interest with updated profile including. qualification areas of experience and technical expertise in the subject matter clearly specifying. the subject of interest, The deadline for submission for EOI is 20 May 2019 For further information please click here. Upcoming Event,Newly Qualified CA Members Welcome Program. The Institute is organizing a Newly Qualified Members Welcome and Certificate Distribution. program for new Chartered Accountants Members of the Institute on 16 May 2019 at ICAN. building ICAN Marg Satdobato Lalitpur,Launching Program of Online CPE. The Institute is going to launch online Continuing Professional Education CPE for offering. comfortable learning environment to its members on 16 May 2019. Capacity Development workshop on Audit Documentation. The Institute is going to organize a Capacity Development Workshop on Audit Documentation. from 17 19 May 2019 in Biratnagar,Continuing Professional Education CPE Training.
The Institute is going to organize Continuing Professional Education CPE training from 24 26. May 2019 at ICAN Building ICAN Marg Satdobato Lalitpur. National News, Accounting Standards Board Calls for Comment on Exposure Draft of NFRSs. Accounting Standards Board ASB Nepal has published a notice inviting suggestions and. comments on exposure draft of Nepal Financial Reporting Standards NFRSs 2018 The. exposure draft of NFRSs 2018 is available in website of the Board Suggestions and comments. on the exposure draft can be sent to Board within 60 days from the date of publication of notice. i e 2076 Baisakh 28 For more details please refer the notice published by the Board. NRB Issues Circular Relating to Deposit Collection. Nepal Rastra Bank has issued a circular to A B and C class bank and financial institutions. BFIs restricting acceptance of fixed deposit for the period less than 3 months NRB has also. issued circular restricting acceptance of fixed deposit with terms of allowing withdrawal before. maturity For more details please refer the circular issued by NRB in this regard. Central Bank NRB has also issued a circular to A B and C class BFIs imposing restriction on. providing any gifts for the propose of collecting deposit For more details please refer the. Insurance Board Issues Directive for Merger and Acquisition. The Insurance Board has issued Insurers Merger and Acquisition Directive 2076 As per the. notice published by the Insurance Board this directive is the revised version of Insurers Merger. Directive 2070 This directive has prescribed various provisions relating to due diligence audit. approval for merger and acquisition different exemptions available after merger and acquisition. For more details please refer the notice published by Insurance Board and the Directive. Cooperative Regulation 2075 Published in Government Gazette. Cooperative Regulation 2075 has been published in Government Gazette on 2076 Baisakh 23. following its approval by the Council of Minister The regulation has specified various. provisions regarding formation registration and operation of cooperative membership of. cooperative annual general meeting utilization of deposit and credit various funds exemption. and facilities recovery of loan liquidation monitoring and regulation etc. As per the rule 71 of the regulation Nepal Rastra Bank can supervise and check books of. account of Cooperative Bank and Cooperative Institutions having transactions more than NPR. 50 Crore For additional information please refer the Cooperative Regulation 2075. International News,IPSASB Seeks Comments on Measurement Proposals. The International Public Sector Accounting Standards Board IPSASB has released. a Consultation Paper CP Measurement which addresses how measurement bases are. determined in the public sector The CP includes within it an illustrative Exposure Draft ED. Measurement which shows what the IPSASB currently envisages a final pronouncement will. comprise This is the first time that the IPSASB has used such an approach which is intended to. provide a firm basis for constituent comments, Consultation Paper Calls for Public Comment by September 30 2019. IESBA Staff Release Updated FAQs on Long Association. The Staff of the International Ethics Standards Board for Accountants IESBA has released. an updated Q A publication to support the adoption and implementation of the revised long. association provisions Changes to the Code Addressing Long Association of Personnel with an. Audit or Assurance Client This publication is a revised version of the Staff Q A. publication published in May 2017 It contains additional frequently asked questions and is. aligned to the revised and restructured International Code of Ethics for Professional Accountants. including International Independence Standards the Code issued by the IESBA in April. IFRS Foundation Publishes 2018 Annual Report, The IFRS Foundation has published its annual report and audited financial statements for the. year ended 31 December 2018, The report focuses on the importance of collaboration in achieving the Foundation s mission It.
showcases the role staff plays in supporting international collaboration and illustrates some. arrangements in place to facilitate stakeholder engagement. IASB Proposes Targeted Amendments to IFRS Standards in Response to. IBOR Reform, The International Accounting Standards Board Board has published for public comment. proposed changes to the old and new financial instruments Standards IAS 39 and IFRS 9 in. light of the reform of interest rate benchmarks such as interbank offer rates IBORs. The Board has proposed to amend IFRS 9 Financial Instruments and IAS 39 Financial. Instruments Recognition and Measurement to provide relief from specific hedge accounting. requirements that could have resulted in the discontinuation of hedge accounting solely due to. the uncertainty arising from interest rate benchmark reform. Proposed amendments to IFRS 9 and IAS 39 can be viewed in the Exposure Draft Interest Rate. Benchmark Reform,Comment letters can be submitted here. The comment deadline is 17 June 2019 The Board aims to issue final amendments later in 2019. Disclaimer, The Institute of Chartered Accountants of Nepal ICAN has created and maintains this publication as a service to its. members students and the community This publication is intended to provide general information and is not intended. to provide or substitute legal or professional advice This publication is current as at the date of writing You should. be aware that such information can rapidly become out of date You should not act or refrain from acting or rely on. any statement view or opinion expressed in this publication You should make and rely on your own inquiries in. making any decisions or giving any advice, No warranty is given as to the correctness of the information contained in this publication or of its suitability for use. by you ICAN is not liable for any direct indirect special or consequential losses or damages of any kind or loss of. profit loss or corruption of data business interruption or indirect costs arising out of or in connection with the use of. this publication or the information contained in it whether such loss or damage arises in contract negligence tort. under statute or otherwise, This publication provides link to other internet sites and does not necessarily endorse these sites We may take.
information from available websites directories indices and references consisting of content that has been identified. complied by humans and we have no control over removal and or modification of information in any kind by the. owner If request from the owner is received to remove and or modify links and or information such requests will be. on the exposure draft can be sent to Board within 60 days from the date of publication of notice i e 2076 Baisakh 28 For more details please refer the notice published by the Board NRB Issues Circular Relating to Deposit Collection Nepal Rastra Bank has issued a circular to A B and C class bank and financial institutions

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