Kathmandu. Ca Nil Bahadur Saru Magar and CA Ananda Raj Sharma Wagle have been elected as vice-presidents of the 10th Council of The Institute of Chartered Accountants of Nepal (ICAN).

The elected president and vice-president took the oath of office and secrecy on Friday.

Chairman Nil Saru took the oath of office and secrecy from Auditor General Toyam Raya and Vice-Chairman Anand Sharma took oath of office and secrecy from the newly appointed chairman. Earlier, Saru Magar had completed his duties as the vice-president of the organization for one year.

Newly-elected chairperson Nil Bahadur Saru Magar pledged to work as a bridge for two generations.

On the occasion, he pledged to make the accounting business excellent during his tenure as per the five-year strategic plan prepared recently by the organization with four pillars and emphasize on its effective implementation.

During his tenure, ca education has already been started by taking necessary decisions to make it of international standard. To arrange credit transfer in collaboration with domestic and foreign universities, to make efforts to fill the shortage of middle-level accountants in the market, to work for the class growth of competent registered auditors, to work for the capacity building of the overall members, to conduct specialization courses in AI, international tax, data analytics, etc., in collaboration with the organization and the Office of the Comptroller and Auditor General in the field of public finance management. It aims to conduct various related courses.

He said that if the services of the members could be extended to the government sector, it would reduce the country’s arrears and increase the scope of revenue, for this, necessary initiatives would be taken for the provision of tariffs in the civil regulations, preparation of guidelines for different sectors, emphasizing on increasing the size of the firm to increase the quality of accounting business, members would facilitate outsourcing of foreign companies while staying at home. ।

For this, he expressed important commitments such as arranging a separate outsourcing portal on the OAVSite of the organization, starting campus placement, establishing close relations between government bodies and regulatory bodies and advancing cooperation and organizing a round table of regulatory bodies, suggesting necessary opinions to the government on tax, revenue and economic issues, integrating the role of accountants in the journey of prosperity of the country and making ICAN digital iCAN. they did.

On the occasion, outgoing President of the organization CA Praveen Kumar Jha informed that the fourth strategic plan of five years has been prepared. He informed that 208 CAs have been added to the institute this year. He said that the new curriculum has been set to make the CA students the most competitive in the world. This will make Nepali auditors more quality, he added.

He also informed that efforts have been made to make the auditor more agile and responsible in the context of Nepal being in the grey list of FATF.

Toyam Raya, auditor general of the program, said that the audit business would be further refined. He pointed out that various new dimensions have come in financial testing in the world and it is necessary to emulate them in Nepal as well.

“There have been issues like compliance audit, performance audit, IT audit,” he said, adding that many things have been sought from the auditor, we should be clear on such matters. Stating that compliance with the law is also sensitive, he pointed out that the auditor has to study all the laws, the constitution and procedures.

Arrangements are underway to appoint around 100 chartered accountants in various structures of the government, he added. But in the past, he pointed out that despite paying double the salary, he did not stay in the government service.