The second central working committee meeting of the Nepal Auditors Association (Adan) after the seventh national general convention has concluded with the adoption of a 13-point special resolution related to the economy.

The 13 points passed by the meeting include that the government should guarantee economic governance and security, which has become unstable after the Gen-G movement, and that the audit system should be of the highest quality.

Special proposals

• 1.  Although a positive agenda for economic governance and anti-corruption was raised during the Gen-G movement on Bhadra 23, 2082, the government should resolve the confusion created among the private sector, industrialists and citizens due to the vandalism, arson and terrorist atmosphere on Bhadra 24.
• 2.  Since there is insufficient preparation of stakeholders in the market regarding the standards for small and medium enterprises, including the Nepal Accounting Standards Board, which have been implemented mandatorily since Shrawan 2082, the Nepal Chartered Accountants Association should resolve the difficulties that may arise from their implementation.
• 3.  As per Section 57 of the Income Tax Act, 2058, the current system of creating tax liability based on property valuation in the event of a change of ownership (share transfer) within a single household is unjust, and the government should make necessary amendments to that system.
• 4.    Since the amendment of the Nepal Chartered Accountants Act, 2053 is essential to ensure the dignity, equality and professional structure of auditors, the government will proceed with this amendment as soon as possible.
• 5.    Urge the government and the concerned bodies to take necessary initiatives to provide equal status to the current members and to control illegal auditing activities by non-auditors and to make the accounting profession legally safe.
• 6.  To draw the attention of the concerned bodies to develop a skill-oriented and employment-oriented education system to increase the participation of Nepali youth in digital accounting, reporting, financial service outsourcing, etc., while minimizing the situation that forces the youth to go abroad.
• 7.  Due to the lack of sufficient employment in the country, the process of skilled and educated youth going abroad is accelerating and this will have a negative impact on the country's production capacity and social structure in the long term. Therefore, we urge the Government of Nepal to take immediate initiatives towards creating production and employment by managing resources such as water resources, organic agriculture, herbs, tourism, cheap labor, and handicrafts.
• 8. In the context of the formulation and amendment of various acts and regulations at the federal, provincial, and local levels after the implementation of federalism, necessary initiatives should be taken to formulate and amend laws and regulations that are favorable to our interests in the audit-related laws.
• 9. Continuous effective coordination should be made with the Nepali government agencies to use the word "auditor" as only "Chartered Accountant" is found in various regulations and guidelines without discussing with the stakeholders.
• 10. Since the efforts made to end the discrimination against registered auditors have not yielded sufficient results, result-oriented initiatives should be taken in the coming days.
• 11.  Considering the important role played by registered auditors in the revenue collection and financial governance of the nation, we urge you to make arrangements to ensure the nomination and appointment of qualified and competent registered auditors in various bodies of the Government of Nepal.
• 12.  We urge the government to make arrangements to promote experienced and qualified registered auditors to the “A” category.
• 13.  We urge the Government of Nepal to make arrangements to clearly mention the profession of registered auditors in the forms, national identity cards, and other records issued and to be issued by the Government of Nepal.