Section 2
Definitions
In this Act, unless the subject or the contest otherwise requires,-
(a) “Institute” means the Institute of Chartered Accountants of Nepal established pursuant to Section 3.
(b) “Council” means the Council constituted pursuant to Section 7.
(c) “Chairperson” means the chairperson of the Council.
(d) “Vice-Chairperson” means the vice-chairperson of the Council.
(e) “Councilor” means a member of the Council and this expression also includes the chairperson and the vice-chairperson.
(f) “Secretary” means the secretary appointed pursuant to Section 38.
(g) “Member” means a person who has obtained membership of the Institute by getting his or her name registered in the Institute
pursuant to this Act.
? (h) “Chartered accountant” means a person who has obtained the membership of the Institute pursuant to Sub-section (2) of Section
? (h1) “Fellow Chartered Accountant (F.C.A.)” means a member who has obtained the membership of the Institute pursuant to Section 17.
(i) “Registered Auditor” means a person having obtained the certificate of auditor under the Auditors Act, 2031 (1975).
(j) “Professional Certificate” means the certificate issued under Section 28 to practice accountancy in a professional manner.
(j1) “Auditing” means auditing to be carried out in accordance with the laws in force, after having obtained the professional certificate.
(j2) “Foreign Accountancy Practitioner Institute” means a chartered accountants institute of national level or accountancy practitioner
institute equivalent thereto which is authorized to regulate public accountancy in a foreign country.
(j3) “Accounting Standards Board” means the accounting board formed pursuant to Section 15A.
(j4) “Standards on Auditing Board” means the standards on auditing board formed pursuant to Section 15D.
(j5) “Accounting Standards” means those accounting standards and guidelines and interpretations pertaining thereto as provided or recommended by the Accounting Standards Board in order to systematize and regulate the accountancy and financial reports.
(j6) “Standards on Auditing” means those standards on auditing and guidelines and interpretations pertaining thereto as provided or
recommended by the Standards on Auditing Board in order to systematize and regulate the accountancy and auditing.
(k) “Prescribed” or “as prescribed” means prescribed or as prescribed in the Rules or Bye-laws framed under this Act
(a) “Institute” means the Institute of Chartered Accountants of Nepal established pursuant to Section 3.
(b) “Council” means the Council constituted pursuant to Section 7.
(c) “Chairperson” means the chairperson of the Council.
(d) “Vice-Chairperson” means the vice-chairperson of the Council.
(e) “Councilor” means a member of the Council and this expression also includes the chairperson and the vice-chairperson.
(f) “Secretary” means the secretary appointed pursuant to Section 38.
(g) “Member” means a person who has obtained membership of the Institute by getting his or her name registered in the Institute
pursuant to this Act.
? (h) “Chartered accountant” means a person who has obtained the membership of the Institute pursuant to Sub-section (2) of Section
? (h1) “Fellow Chartered Accountant (F.C.A.)” means a member who has obtained the membership of the Institute pursuant to Section 17.
(i) “Registered Auditor” means a person having obtained the certificate of auditor under the Auditors Act, 2031 (1975).
(j) “Professional Certificate” means the certificate issued under Section 28 to practice accountancy in a professional manner.
(j1) “Auditing” means auditing to be carried out in accordance with the laws in force, after having obtained the professional certificate.
(j2) “Foreign Accountancy Practitioner Institute” means a chartered accountants institute of national level or accountancy practitioner
institute equivalent thereto which is authorized to regulate public accountancy in a foreign country.
(j3) “Accounting Standards Board” means the accounting board formed pursuant to Section 15A.
(j4) “Standards on Auditing Board” means the standards on auditing board formed pursuant to Section 15D.
(j5) “Accounting Standards” means those accounting standards and guidelines and interpretations pertaining thereto as provided or recommended by the Accounting Standards Board in order to systematize and regulate the accountancy and financial reports.
(j6) “Standards on Auditing” means those standards on auditing and guidelines and interpretations pertaining thereto as provided or
recommended by the Standards on Auditing Board in order to systematize and regulate the accountancy and auditing.
(k) “Prescribed” or “as prescribed” means prescribed or as prescribed in the Rules or Bye-laws framed under this Act