Kathmandu. The framework for external audit of banks and financial institutions has been revised.
Nepal Rastra Bank (NRB) has changed the format of external audit by amending the unified directive issued for banks and financial institutions. Now the banks will make the long firm audit report timely and effective in the financial year 2081. The external audit from 82 onwards should be prepared according to the new format prescribed for purposes. In addition, provisions have been made through the revised directive to send the report directly to the central bank.
Earlier, there was only a provision to implement the Long Form Audi report according to the enclosed framework to make it timely and effective. Not mentioned for external audit purposes.
nrb Circular
