NFRS Implementation involves assisting organisations in adopting and applying Nepal Financial Reporting Standards (NFRS) in their accounting and financial reporting processes. The implementation process requires assessment of existing accounting practices, identification of differences between current reporting practices and applicable NFRS requirements and appropriate adjustments to financial information.
The engagement may involve reviewing accounting policies, financial statements, transactions and reporting processes to determine the areas affected by NFRS. It may also include assistance with implementation requirements, preparation of relevant financial information and guidance on the application of applicable standards.