AUDAN, ICAN at loggerheads

Kathmandu, March 1:

Nepal Auditors’ Association (AUDAN) during a programme urged Nepal Chartered Accountants Institute (ICAN) to entitle registered auditors as Certified Public Auditors and stop putting hurdles in the way of Certificate of Practice (COP) for such auditors. The number of chartered accountants here is around 400 while the number of registered auditors exceeds 7000, said AUDAN.

“ CAs are fewer in number and very few are practicing in Nepal. Therefore, ICAN being the regulatory body should stop dominating auditors and revoke its decision to put an end to COP. The decision is impractical,” said Jib Narayan Baral, AUDAN general secretary.

AUDAN has started different protest programmes since February 27. It has urged to allow the registered auditors to get COP. To facilitate the auditors and raise their level according to their experience, to name registered auditors as certified public auditors and permission to become members of ICAN are the major demands of AUDAN.

“AUDAN submitted a 17-point demand charter to ICAN last April regarding different requirements of AUDAN, but it has been ignoring our demands,” said Kamal Kharel, AUDAN president.

He said that until ICAN fulfills the 17-point demands of AUDAN, they would continue to stage protest programmes.