THT report : Regulating CA institutes Institute of Chartered Accountants of Nepal (ICAN) was established under the Nepal Chartered Accountants Act, 1997 with the objective of enhancing the social recognition and faith in the accounting profession by raising public awareness about the importance of the accounting profession.

As an autonomous body, ICAN is solely authorised to regulate the accounting profession and undertake the Chartered Accountancy (CA) education in Nepal.

It is a member of International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).

Chartered Accountancy Education is economic in comparison with other professional courses.

ICAN has also established a scholarship fund to provide assistance to needy and deserving students. ICAN has been granting Medals and Merit Certificates to merit students who score the highest marks in different levels of Chartered Accountancy Examinations every year.

After successful completion of CAP-III level, an individual should apply for membership at the Institute.

Only those members who have registered their name in the Institute can use the designation of ‘Chartered Accountant’ or ‘CA’ before their name in the professional practice of accountancy in Nepal.
Source : The Himalayan TImes
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