Audit should be dignified, professional: Finance Minister

KATHMANDU: Finance Minister Janardan Sharma has said there should be a dignified and professional audit for strengthening the economy. Addressing the first National Convention of Accounting Professionals organised by the Institute of Chartered Accountants of Nepal (ICAN) in the capital, Minister Sharma said that the auditors must not turn away from the accurate accounting of all assets. He urged the auditors to be aware citing that even a slight increase or decrease in the audit of any business or property could impact on the national economy. He said auditors have to be careful while calculating. Minister Sharma stated that the audit business was the backbone of the economy and a mirror of the economic picture of the country as a whole. "The audit sector has played a significant role in all sectors, private, government and non-government," he added. According to the Finance Minister, the role of auditor will be important in maintaining financial discipline. He said audit should not be limited to the accounts of any organisation or company but should also be used in valuing the assets of the entire country. He called for an audit of the country's economy to end poverty. "We can improve now if poverty is properly audited," he said. Further, Minister Sharma said there should be an audit of all sectors for the improvement of the economy, adding that it was time to ascertain the national assets by auditing the assets of mountains, lands in Tarai and water in the rivers across the country. "Now is the time to audit national assets," he said. In his address to the conference, he opined that it was time to utilise the resources within the country to make the country self-reliant. Speaking on the occasion, ICAN President Yuddharaj Oli said the two-day conference that has been organised for the first time would lead to serious thinking on the issue of national economy. READ ALSO:

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