Understanding NFRS Complied Financial Statements and Regulatory Challenges

August 9, 2018

Kathmandu: NBA in coordination with Society of Economic Journalist- Nepal (SEJON) organized a half day event “Understanding NFRS Complied Financial Statements and Regulatory Challenges” with an aim to orient journalist about the NFRS complied financial statements. During the event the Chief Guest, Dr. Chiranjibi Nepal, Governor, Nepal Rastra Bank, highlighted on the Central Bank’s vision on implementing NFRS and requested all the commercial banks to support it.

Presenters Mr. Maheshwor Lal Shrestha, Executive Director, Bank Supervision Department, NRB and CA Santosh Lamsal, Former General Secretary of Association of Chartered Accountants, presented on the “Regulatory Challenges of NFRS” and “Understanding NFRS and NFRS Complied Financial Statements” respectively.

The session was followed by panel discussion where the panelists Mr. Narayan Prasad Poudel, Executive Director, Regulation Department, NRB; Mr. Maheshwor Lal Shrestha, Executive Director, Bank Supervision Department, NRB; Mr. Mahesh Guragain, Former President, ICAN; and Mr. Gyanendra Prasad Dhungana, President, NBA addressed the questions raised by the audiences.

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