Kathmandu, Apr 14
Institute of Chartered Accountants Nepal (ICAN) has deposited Rs. 10
million in the federal government's fund created for the prevention, control
and treatment of COVID-19.
ICAN's President Krishna Prasad Acharya handed over the money to the
Office of the Prime Minister and Council of Ministers on Tuesday. The
organisation's council meeting had made a decision to deposit Rs. 10 million to
the fund on Sunday.
The meeting has decided to cut-down the expenses for foreign visit and
other administrative costs in the current and next fiscal year.
It said that a technical committee would be formed to study the impact of
coronavirus on the accounting business. "It
seems that we have to pay attention to business consultation in the aftermath
of the pandemic therefore we have decided to conduct the study on the impact of
the COVID-19 on accounting business," said Acharya.
The committee will study the impact on
accounting profession and implementation of accounting standards.
The institute is also prepared to create
virtual classes for its students for the online teaching-learning exercise.
Such facility will be created with the aim to cater the future need of the
institution as well, said Acharya.
Similarly, it decided to establish a relief
fund to support the students from the poor households who are affected by the
pandemics.
Published in The Rising Nepal daily on 15 April 2020.
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