PABC's professional team member are expertise and practicing in Nepalese CAs Firm, are committed to assisting clients in satisfying the statutory requirements under relevant legal frameworks. PABC's team member help you deal efficiently with challenges arising from the evaluation of financial information and potential risks in operation faced by your shareholders and stakeholders, with a view to crafting success for your business. With a deep reservoir of knowledge and experience in different industries, our professional CAs keep a watchful eye on industry risks and other factors affecting the financial report for you, giving you a comprehensive picture of your business.
The IFRS Foundation is a not-for-profit, public interest organization established to develop a single set of high-quality, understandable, enforceable and globally accepted accounting standards-IFRS Standards-and to promote and facilitate adoption of the standards.
IFRS Standards are set by the IFRS Foundation’s standard-setting body, the International Accounting Standards Board
IFRS is needed to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. An IFRS standard serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
In 2016, Accounting Standard Board of Nepal gets the jurisdictional authority for adopting IFRS standard from IFRS foundation & simultaneously become NFRS.
Accounting Standard Board of Nepal has been categories the entire sectors of organization & entities for adopting NFRS in Nepal.
Following are the entities requiring for NFRS:-