Institute of Chartered Accountants of Nepal

Institute of Chartered Accountants of Nepal
नेपाल चार्टर्ड एकाउंटेंट्स संस्था

Emblem of ICAN

Emblem of ICAN
Abbreviation ICAN
Motto Purity of mind and clarity of wisdom
Formation January 30, 1997 (1997-01-30)
Legal status Body corporate established by the Nepal Chartered Accountants Act, 1997 passed by the Parliament of Nepal
Objective Regulate the auditing and accounting profession in Nepal
Headquarters Lalitpur,    Nepal
Region served Nepal
Membership 7972 (September 2013)
Students 6000
Member's designations Chartered Accountants, Registered Auditors and Fellow Chartered Accountants
Official languages English, Nepali
President CA. Mahesh Khanal
Vice President CA. Prakash Jung Thapa
Immediate Past President CA. Prakash Lamsal
Governing body Council
IFAC member since 2003
Website www.ican.org.np

The Institute of Chartered Accountants of Nepal (ICAN) is the national professional accounting body of Nepal. It was established in 1997 in accordance with the Chartered Accountants Act 1997 of the Nepalese Parliament.[1] It accepted its first students in 1999 and a first chartered accountant was produced in December 2003. As of 2012, it has produced 150chartered accountants. The institute currently has 620 chartered accountants members including those qualified from foreign chartered accountancy insititutes such as the Institute of Chartered Accountants of India(ICAI) and from the Association of Chartered Certified Accountants(ACCA). Further, the institute also has around 7,000 registered auditor members whom were practising audits before the establishment of ICAN.

The Institute has its head office in Satdobato, Lalitpur and Branch offices at Biratnagar, Butwal, Birgunj, Pokhara and Nepalgunj.

The Institute of Chartered Accountants of India has signed a Memorandum of Understanding for providing Technical Assistance to the ICAN in designing course of material, conducting examinations etc.

The Institute has formed two standard-setting committees: the Nepal Accounting Standard Board and the Nepal Auditing Standard Board. Both set standards compatible with International Federation of Accountants. The Institute's code of conduct is also similar to the IFAC Code of Ethics.

Recognition and Achievement[2]

Constitution of Council

Council established according to Section 7 of Nepal Chartered Accountants Act, 1997 comprises following members;

Designation 6th Council 5th Council
Vice President CA. Prakash Lamsal
Past President CA. Madhu Bir Pande
Council Member CA. Achyut Raj Joshi
Council Member CA. Jitendra Kumar Mishra
Council Member CA. Bhaskar Singh Lala
Council Member CA. Nirajan Simkhada
Council Member CA. Suresh Devkota
Council Member CA. Teknath Acharya
Council Member RA. Badri Prasad Bhattarai
Council Member RA. Dol Prasad Dahal
Council Member RA. Mohan Kumar Parajuli
Council Member RA. Mohan Kumar Subedi
Council Member Mr. Gun Raj Shrestha
Council Member Mr. Krishna Prasad Devkota
Council Member Mr. Jaya Dev Shrestha

Total Members of the Institute

Member Total (September 30, 2013)[3] Total (July 15, 2012)[4]
Chartered Accountants 792 596
Registered Auditors - B 3372 3366
Registered Auditors - C 1611 1608
Registered Auditors - D 2294 2305
Total 7972 7875

References

  1. ↑ Overview of ICAN
  2. ↑ annual report 2012
  3. ↑ Journal September 2013
  4. ↑ annual report 2012
This article is issued from Wikipedia - version of the 10/7/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.