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Section 2
Definition
In this Act, unless the subject or context otherwise requires,–
(a) "Institution" shall mean the Institute of Nepal Chartered Accountants established as per section 3.
(b) "Council" means the Council constituted as per Section 7.
(c) "Chairman" means the Chairman of the Council.
(d) "Vice-President" means the Vice-President of the Council.
(e) "Councillor" means a member of the Council and the term also refers to the Chairman and the Vice-Chairman.
(f) "Executive Director" means the Executive Director appointed in accordance with section 38.
(g) "Member" shall mean a person who has registered his name in the organization in accordance with this Act and obtained the membership of the organization.
(h) "Chartered Accountant" means a person who has obtained the membership of the organization as per sub-section (2) of section 16.
(J1) "Fellow Chartered Accountant (MCA)" means an organization that has obtained membership of the organization as per section 17.
(i) "Registered auditor" means a person who has obtained auditor's certificate in accordance with the Auditors Act, 2031.
(j) "Professional certificate" means the certificate provided in accordance with section 28 to conduct accounting business professionally.
(j1) "Audit" means an audit conducted in accordance with prevailing laws by taking a professional certificate.
(j2) "Foreign accounting professional organization" means a national level chartered accountants organization that has the right to regulate public accounting business in a foreign country or similar accounting professional organization. (j3) "Accounting Board (Accounting Standards Board)" means Section 15A. It should be referred to as the Board of Accounts constituted as per .
(j4) "Standards on Auditing Board" means Section 15D. It should be considered the board of auditors constituted as per (j5) “Accounting Standards” means the standards prescribed or recommended by the Accounting Standards Board for streamlining and regulating the accounting profession and financial reporting;The accounting standards and related guidelines and explanations should be considered.
(j6) "Standards on Auditing" means auditing standards and related guidelines and interpretations organized or recommended by the Auditing Standards Board to streamline and regulate the accounting profession and auditing.
(k) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules or regulations made under this Act.
(a) "Institution" shall mean the Institute of Nepal Chartered Accountants established as per section 3.
(b) "Council" means the Council constituted as per Section 7.
(c) "Chairman" means the Chairman of the Council.
(d) "Vice-President" means the Vice-President of the Council.
(e) "Councillor" means a member of the Council and the term also refers to the Chairman and the Vice-Chairman.
(f) "Executive Director" means the Executive Director appointed in accordance with section 38.
(g) "Member" shall mean a person who has registered his name in the organization in accordance with this Act and obtained the membership of the organization.
(h) "Chartered Accountant" means a person who has obtained the membership of the organization as per sub-section (2) of section 16.
(J1) "Fellow Chartered Accountant (MCA)" means an organization that has obtained membership of the organization as per section 17.
(i) "Registered auditor" means a person who has obtained auditor's certificate in accordance with the Auditors Act, 2031.
(j) "Professional certificate" means the certificate provided in accordance with section 28 to conduct accounting business professionally.
(j1) "Audit" means an audit conducted in accordance with prevailing laws by taking a professional certificate.
(j2) "Foreign accounting professional organization" means a national level chartered accountants organization that has the right to regulate public accounting business in a foreign country or similar accounting professional organization. (j3) "Accounting Board (Accounting Standards Board)" means Section 15A. It should be referred to as the Board of Accounts constituted as per .
(j4) "Standards on Auditing Board" means Section 15D. It should be considered the board of auditors constituted as per (j5) “Accounting Standards” means the standards prescribed or recommended by the Accounting Standards Board for streamlining and regulating the accounting profession and financial reporting;The accounting standards and related guidelines and explanations should be considered.
(j6) "Standards on Auditing" means auditing standards and related guidelines and interpretations organized or recommended by the Auditing Standards Board to streamline and regulate the accounting profession and auditing.
(k) "Prescribed" or "as prescribed" means prescribed or prescribed in the rules or regulations made under this Act.