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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
Nepal Rastra Bank has published the Monetary Policy for 2018/19.   Click in the following link to view or download. https://www.nrb.org.np/ofg/monetary_policy/Monetary_Policy_(in_English)--2018-19_(Full_Text)-new.pdf   ... 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: https://nrb.org.np/bfr/circular/2074-75/2074_75_For_A_,_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: http://www.ausb.org.np/ausb/d/nsa-2018-पुस्तक-प्रकाशन-सम्बन्धी-सुचना/18/0/36#.W-Fd37t1PIU  ... Read More
  For detail click in the following link: https://www.ican.org.np/new/_uploads/_downloads/_files/3/15e68f2c330b1b8c926b583119246679.pdf  ... 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 has already prepared the Nepal Accounting Standards for Micro Entites (NAS for MEs) 2018 and sent to ICAN for ... 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
The Board has published the Nepal Financial Reporting Standards (NFRSs) 2013 book which is prepared on the basis of International Finanancial ... 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
        Mr. Sushil Kumar Ojha Chief Executive Officer (CEO)              Mr. Santosh Bhattarai Administrative Assistant Administration Department             Mr. Karna Raj Palpali Account Assistant Account Department             Mrs. Laxmi Neupane Office Helper   ... Read More

Rececent Posts
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. 2075/076
Nepal Public Sector Accounting Standards (NPSAS)
ASB Nepal Committes
लेखामान बोर्डको अध्यक्षमा सि.ए. महेश खनाल
Carve-Out on NFRS (NEW)
Function, Duties & Power
Past Chairman (1st to 5th)
Objectives
Nepal Accounting Standards for Not for Profit Organizations (NAS for NPOs) 2018 (NEW)



Awareness Programs

  Awareness Programs for FY. 2075/076

Contact Us

Accounting Standards Board, Nepal (लेखामान बोर्ड, नेपाल)
5th Floor, ICAN Building,
Satdobato, Lalitpur, Nepal
Phone: +977-1-5523314
Fax : +977-1-5523314
Email: asb@standards.org.np, admin@standards.org.np

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