Around the globe, countries are involved in introducing complex regulatory requirements for better compliance and protection of investors. Laws have been broadened. The only way for companies to succeed is by swiftly implementing such regulatory requirements.
So with that said due to such complexities, our clients require assistance on various financial and accounting matters. The clients expect irrefutable assurance which can withstand any regulatory audit or scrutiny. We have a proven performance history for providing our clients with the best services.
At B.K. Agrawal & Co., a top-notch team of qualified auditors are designated to provide assistance to our clients and deliver a true & fair opinion on the financial statements. Our deliverable i.e. Audit Report is strictly prepared in accordance with the rules and regulations of Government.
Statutory Audits in Nepal, are mainly conducted to report the state of the company’s finances and accounts to the various stakeholders.
The audit framework in Nepal involves:
We have the competence to help you meet all the compliance’s in a timely manner, along with by providing a clear perspective to the audit committees, and transparent information to the stakeholders and investors.
IFRS is currently, the most significant reform in the field of financial reporting standards at a global level.
Approximately 120 nations around the world have implemented IFRS for domestically listed companies, while over 90 countries have fully adhered to IFRS as notified by the International Accounting Standards Board (IASB).
In Nepal, the accounting standards are developed by the Accounting Standards Board (ASB). ASB has now issued Nepal Financial Reporting Standards (NFRS) which is in line with IFRS.
They mainly comprise of the following:
We have qualified and trained resources to assist in NFRS convergence, balancing both, the short term and the long term objectives of the businesses.
The Financial industry is fiercely trying to keep up profitability and performance, and so the companies require a precise business approach to undertake the effects of regulatory changes, technology reforms and market shift.
We analyse the concerns and regulatory burden that our Financial Services clients face. Finding pragmatic solutions to these concerns involves sound knowledge of financial, technical and real-world experience to understand the vision and goals of our clients. We asses ourselves by evaluating how much value have we generated for our clients.
We have a team of experienced Financial Services professionals with a proven track record of finding solutions that lay down the foundation of progress for our clients. We pair competence with experience across the fields of audit, tax and advisory. This is pivotal to deliver the best results.
With an experience of more than 33 years, our audit practice, based in Nepal, has developed deep experience in conducting the financial and management audit of INGO's, NGO's, development agencies (World Bank / ADB / UNDP / EU etc.)
We offer the following services:
Bribery, Corruption & Fraud are the major concerns of the organisations that needs to handled & managed tactfully. If an organisation is assured that it is free from these risks they can gain competitive edge over the other organisations.
We at B.K. Agrawal & Co. assist the organisations to manage fraud risks and measure the financial impact from such risks. We conduct forensic audits & investigations, third party due diligence and other support services. Our objective is to ensure that these concerns are urgently addressed and resolved in order to ensure that integrity is well-maintained and the risks are mitigated.