KATHMANDU, MAY 3

Finance Minister Janardan Sharma Prabhakar has stressed the necessity of dignified and professional audits for strengthening the economy.

Addressing the first National Accountants' Conference organised by the Institute of Chartered Accountants of Nepal (ICAN) here, Minister Sharma said that the auditors should be focused on the obligation ofaccurate accounting of all assets.

He urged the auditors to pay attention to auditing of any business or property as it impacts the national economy.

'If an auditor miscalculates while auditing, it will not only impact the accounts, but also the national economy. So I request you all to be cautious while auditing.'

He said that the audit business was the backbone as well as the mirror of the economy.

The audit sector has played a significant role in all sectors - private, government and non-government, the finance minister said.

'The auditing business requires sincerity and a sense of responsibility.'

He said that the role of auditor would be important in maintaining financial discipline adding that audits should not be limited to the accounts of any organisation but should also be used in valuing the assets of the entire country.

He called for an audit of the country's economy to eradicate poverty. He said that there should be an audit of all sectors for the improvement of the economy.

According to him, it was time to make maximum use of local resources to make the country self-reliant.

The participants of the two-day conference will be discussing various issues pertaining to the national economy.

A version of this article appears in the print on May 04, 2022, of The Himalayan Times