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ICAN Notice Regarding Prohibition of Audit Service Advertisements
Nepal Chartered Accountants Act, 1997 establishes the Institute of Chartered Accountants of Nepal (ICAN) as a regulatory body for the development, protection, promotion, and regulation of the accounting profession in Nepal.
Recently, the Institute has taken serious note of content circulating on social media regarding the publication of audit service advertisements by non-accounting individuals, firms, and companies through various media, social platforms, and hoarding boards.
Only individuals who have obtained a professional certificate as per legal procedures from ICAN and are members recognized under its standards can provide audit services. Advertising audit services is legally prohibited. Therefore, the Institute informs all concerned that it is illegal for any person, firm, or company that is not engaged in the accounting profession to include audit services in advertisements. All are hereby notified not to engage in such activities.
If any individual, firm, or company is found conducting audit work or publishing or broadcasting advertisements or promotional messages related to such services through any medium in violation of the law, necessary action will be taken in accordance with prevailing legal provisions. This notice serves as a formal warning to all concerned.
Institute of Chartered Accountants of Nepal (ICAN)
ICAN Marg, Satdobato, Lalitpur
Post Box No.: 5289
Phone: 5430730, 5430832
Website: www.ican.org.np
Email: [email protected]
First Publication Date: 2082/04/20
