CIPFA and the Institute of Chartered Accountants of Nepal forge ties

31-01-2018

CIPFA, the Chartered Institute of Public Finance and Accountancy, and the Institute of Chartered Accountants of Nepal (ICAN) have today signed a Memorandum of Understanding (MoU) to help strengthen public financial management in Nepal.

The purpose of the MoU is to create a formal basis for collaboration and co-operation between CIPFA and ICAN, so that the two institutes can share expertise to advance responsible public sector accounting and financial management in Nepal. The MoU will also explore CIPFA membership routes for ICAN members.

The signing of the ceremony took place today at the South Asia Federation of Accountants (SAFA) Annual Conference in Kathmandu, Nepal with Andrew Burns, President of CIPFA and Prakash J Thapa, President of the Institute of Chartered Accountants of Nepal, in attendance.

Andrew Burns, CIPFA President, said:

“CIPFA is delighted to be entering into a partnership with ICAN that will allow us to share expertise in order to further our common goals.

“By working together, we are confident that we will boost confidence and capacity amongst public finance professionals in Nepal, which will have great benefits for citizens.”

Prakash J Thapa, FCA, President of the Institute of Chartered Accountants of Nepal, said:

“It’s our pleasure to collaborate with CIPFA so we can attain our mutual goal and serve the public interest. 

“This MoU will help strengthen public financial management in Nepal and will open the door to further collaboration and coordination. CIPFA’s expertise and international track record in this area will put Nepal at the forefront of public financial management best practice.”

ENDS

For media enquiries and for more information on the MoU contact the CIPFA press office on T: 020 7543 5830 or E: Letreis.Lawrence@cipfa.org 

Notes to editors


About CIPFA

CIPFA is the professional body for people in public finance. It represents approximately 14,000 members who are public finance leaders and officials in the United Kingdom and overseas, specialising in high quality public financial management and governance for organisations in, and providing support to, government and public services. Its members work throughout the public sector, in national audit agencies, in major accountancy firms, and in other public and private sector bodies where public money needs to be effectively and efficiently managed. 

As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications is the foundation for a career in public finance. It also champions high performance in public services, translating its experience and insight into clear advice and practical services. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance.  


About ICAN

The Institute of Chartered Accountants of Nepal (ICAN) an autonomous body established under the Nepal Chartered Accountants Act 1997 for regulating the accounting profession in the country. The objectives include enhancing social recognition and faith in the Accounting Profession by raising public awareness towards economic and social responsibility of Accountants; contributing towards economic development and creating awareness among the professionals about their responsibility towards the importance of accountancy profession. 

The mission is to promote and regulate high quality financial reporting and auditing in Nepal, to develop and maintain the competence of professional accountants and enhance the reputation and role of accounting profession in all sectors of the economy. ICAN is proud of having its more than 8,400 members across the country and abroad serving, in all fields, at various professional levels without limitation of their professional excellence. As a sole regulator of accounting profession in the country, ICAN is committed in adopting and updating best accounting and finance practices and has always been the important partner to foster close cooperation with government in public finance management (PFM) as well as in matters of professional interest. 

The ICAN is a member of the International Federation of Accountants (IFAC), Confederation of Asian & Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).