Thursday, January 31, 2019

Urge to focus on quality of audits to improve trust

Accountancy professionals urged the accountants to improve the quality of audit for enhancing public trust on audit reports issued by them.
Speaking at a session on ‘Enhancing Quality of the Audit to Meet Expectations of Stakeholders’ during a day long ‘Conference on Accounting Profession and Way
Forward' – organised by the Institute of Chartered Accountants of Nepal (ICAN) – in Kathmandu today, they said that chartered accountants should conduct audit of corporate and public enterprises in accordance with auditing standards prescribed by the regulators.
ICAN – an autonomous body to regulate chartered accountancy in Nepal – has organised the conference on the occasion of its 22nd anniversary.
Experts and practitioners, on the occasion, presented and commented on technical papers in four sessions during the conference, where they discussed on Blockchain and Financial Market, Corporate Governance Reporting and Role of Professional Accountants, Experience in Implementation of Nepal Financial Reporting Standards in Nepal.
Over 250 participants, including ICAN members, government officials, corporate executives, regulators and chartered accountants, participated in the conference, where finance minister Dr Yuba Raj Khatiwada also addressed. 

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