Institute of Chartered Accountants of Nepal

Institute of Chartered Accountants of Nepal
Institute of Chartered Accountants of Nepal (ICAN)
नेपाल चार्टर्ड एकाउंटेंट्स संस्थान
Emblem of ICAN
Emblem of ICAN
Motto Purity of mind and clarity of wisdom
Formation January 30, 1997 (1997-01-30) (14 years ago)
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 Kathmandu,  Nepal
Region served Nepal
Membership 7600
Member's designations Chartered Accountants, Registered Auditors and Fellow Chartered Accountants
Official languages English, Nepali
Governing body Council
IFAC member since 2003

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. It accepted its first students in 1999 and graduated its first class in December 2003. As of 2005, it has produced six chartered accountants and 7600 members mostly registered auditors including 270 Chartered Accountants from the Institute of Chartered Accountants of India(ICAI) and from the Association of Chartered Certified Accountants(ACCA). The Institute has its head office in Babarmahal, Kathmandu.

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.

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