Nepal Financial Reporting Standards (NFRS), issued by the Nepal Accounting Standards Board in 2013 in line with IFRS, aim to ensure transparent, reliable, and globally comparable financial reporting in Nepal. NFRS provide a standardized framework for maintaining accounting records that meet the needs of both internal and external users.
Adoption of NFRS extends beyond changes in financial statement formats and impacts internal controls, risk management, accounting policies, and reporting systems. Proper planning is essential for effective implementation. Our experienced team supports organizations from first-time adoption to ongoing reporting, while also advising on accounting policy selection, risk management, and cash management.
