Financial Acountability in Nepal : A Country Assessment
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...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/01/2191885/financial-acountability-nepal-country-assessment http://hdl.handle.net/10986/14864 |
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okr-10986-14864 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
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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 World Bank Financial Acountability in Nepal : A Country Assessment |
| geographic_facet |
South Asia Nepal |
| relation |
A World Bank Country Study; |
| description |
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. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Financial Acountability in Nepal : A Country Assessment |
| title_short |
Financial Acountability in Nepal : A Country Assessment |
| title_full |
Financial Acountability in Nepal : A Country Assessment |
| title_fullStr |
Financial Acountability in Nepal : A Country Assessment |
| title_full_unstemmed |
Financial Acountability in Nepal : A Country Assessment |
| title_sort |
financial acountability in nepal : a country assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/01/2191885/financial-acountability-nepal-country-assessment http://hdl.handle.net/10986/14864 |
| _version_ |
1764427869713334272 |
| spelling |
okr-10986-148642021-04-23T14:03:16Z Financial Acountability in Nepal : A Country Assessment World Bank 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 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. 2013-08-07T19:33:13Z 2013-08-07T19:33:13Z 2003-01 http://documents.worldbank.org/curated/en/2003/01/2191885/financial-acountability-nepal-country-assessment ISBN 0-8213-5441-8 http://hdl.handle.net/10986/14864 English en_US A World Bank Country Study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work South Asia Nepal |