Institute of Chartered Accountants of Nepal

Institute of Chartered Accountants of Nepal

नेपाल चार्टर्ड एकाउंटेंट्स संस्था
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]

• First Council formed on August 1, 1997
• ICAN became Member of SAFA in 1998
• ICAN signed MOu with ICAI in May 1998
• ICAN became Member of CAPA in 1999
• ICAN first CA examination held in November 2000
• ICAN became Associate Member of IFAC in 2003
• ICAN signed supplementary MOu with ICAI in July 2004
• ICAN became Member of IFAC in November 2008

Constitution of Council

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

Total Members of the Institute

References

External links

• http://www.webometrics.info/en/Asia/Nepal%20
• Institute of Chartered Accountants of Nepal
• Accounting & Auditing Standard Board of Nepal
• AUDITNCA.COM
• ICAN Annual Report 2006 (PDF), ican.org.np