Financial Acountability in Nepal : A Country Assessment
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Washington, DC
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This document assesses the quality of
financial accountability and transparency in Nepal and makes
recommendations for improvement. The financial
accountability assessment is a joint exercise of His
Majesty's Government of Nepal (HMGN) and the World
Bank, with strong participation by donor partners as well as
private agencies, non-government agencies, private sector,
oversight agencies, and donor partners. the review concludes
that the lack of compliance and poor implementation of the
regulations is the single most important problem that
affects public sector financial accountability in Nepal.
With respect to public funds, the report reviews the
Government's budgeting, financial planning, cash flow
management, accounting and financial reporting, at the
central and local government level. It also reviews the
standards and practices of the external oversight
agencies--the Office of the Auditor General, the Public
Accounts Committee, the Commission for the Investigation of
Abuse of Authority, the Judicial Council, and the
Transparency Internal of Nepal. It assesses what it would
take to qualify the country for programmatic lending or
budgetary support in replacement of individual project
lending. With respect to the private sector, the report
examines accounting and auditing standards and practices,
the development of the Institute of the Chartered
Accountants of Nepal, the demand for, and the supply and
training of accountants and auditors. It also examines the
accountability in the financial ector that includes banks,
finance companies, insurance companies, and cooperative
societies and unions. The report also assesses the framework
for corporate governance and reviews the activities of the
Registrar of Companies, the Securities Exchange Board, and
the Stock Exchange. With respect to nongovernmental sector,
it examines the financial accountability aspect of
nongovernmental organizations.
Palabras clave
FINANCIAL ADMINISTRATION, COUNTRY ASSISTANCE STRATEGY, GOVERNMENT BUDGETING, GOVERNMENT ACCOUNTING, FINANCIAL PLANNING, CASH FLOW, LEGAL FRAMEWORK, LOCAL GOVERNMENT, PUBLIC SECTOR ACCOUNTING, RECORDS MANAGEMENT, PROCUREMENT, DEBT MANAGEMENT, EXTERNAL AUDITORS, ACCOUNTING STANDARDS, CORPORATE GOVERNANCE, NONGOVERNMENTAL ORGANIZATIONS, AUDITING STANDARDS, MONITORING OF STATE FINANCES ACCOUNT, ACCOUNTABILITY, ACCOUNTANTS, ACCOUNTING, ACCOUNTING STANDARDS, ACCOUNTS, ADB, ANNUAL REPORT, ATTITUDINAL CHANGE, AUDITING, AUDITING PROFESSION, AUDITING STANDARDS, AUDITORS, AUDITS, AUTHORITY, BOOKKEEPING, BUDGET IMPLEMENTATION, BUDGETARY SUPPORT, BUDGETING, CENTRAL GOVERNMENT, CIVIL SERVICE, COMPETITIVE BIDDING, CONFEDERATION, CONSTITUTION, CORPORATE GOVERNANCE, CORRUPTION, COUNCILS, DEBT, DECISION MAKING, DECISION-MAKING, DECISION-MAKING PROCESSES, DIRECT COSTS, EXPENDITURE, EXPENDITURES, EXTERNAL AUDITORS, FINANCIAL ACCOUNTING, FINANCIAL ACCOUNTING STANDARDS, FINANCIAL DATA, FINANCIAL MANAGEMENT, FINANCIAL PLANNING, FINANCIAL REPORTING, FINANCIAL SECTOR, FINANCIAL STATEMENTS, FINANCIAL STATISTICS, FINANCIAL SYSTEMS, FISCAL, FISCAL YEAR, GOVERNMENT ACCOUNTING, GOVERNMENT AGENCIES, GOVERNMENT LEVEL, GOVERNMENTAL ORGANIZATION, HUMAN RESOURCE, HUMAN RESOURCE DEVELOPMENT, INSTITUTIONAL DEVELOPMENT, INSURANCE, INTERNAL AUDIT, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARDS, INTERVENTION, LAWS, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGAL REFORM, LEGISLATION, LEGISLATIVE FRAMEWORK, LOCAL BODIES, LOCAL GOVERNMENT, MANAGERS, MEDIA, MINISTRY OF FINANCE, NATIONAL PLANNING, NATIONS, PENALTIES, PRIVATE SECTOR, PROCUREMENT, PUBLIC ADMINISTRATION, PUBLIC EXPENDITURE, PUBLIC SECTOR, PUBLIC SERVICE, QUALITY ASSURANCE, QUALITY OF WORK, REGULATORY FRAMEWORK, REPRESENTATIVES, RETIREMENT, REVENUE ADMINISTRATION, SOCIAL WELFARE, STATE FUNDS, STATE-OWNED ENTERPRISES, TECHNICAL ASSISTANCE, TRANSPARENCY