International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The Accounting Standards Board of Nepal has developed Nepal Financial Reporting Standards (NFRS) in compliance with the IFRS.

The Institute of Chartered Accountants of Nepal (ICAN) has rolled out phase-wise implementation of NFRS beginning from the Nepali Fiscal year 2014/15.

SARA has experienced team of professionals to help clients in understanding the major changes required in implementing NFRS and handling the first time implementation. We are here to assist the management in implementation of NFRS.