About NFRS & NAS Implementation in Nepal
Nepal Financial Reporting Standards (NFRS) and Nepal Accounting Standards (NAS) are frameworks issued by ICAN to ensure consistency, transparency, and international compatibility in financial reporting. Different standards apply based on the size and nature of the business:
- Full NFRS – For large or publicly accountable entities
- NFRS for SMEs – For small and medium-sized enterprises
- NAS for Micro Enterprises (MEs) – Simplified standards for micro-level entities
NFRS/NAS Implementation – Pricing Plan (in NPR)
🔷 1. Full NFRS Implementation
For large companies, listed entities, financial institutions, and regulated sectors
Standard
175,000 /NPR
Features
- Gap analysis, roadmap, policy drafting, training, chart of accounts setup.
Premium
300,000+/NPR
Features
- Full implementation support, disclosures review, post-implementation audit.
🔷 2. NFRS for SMEs
For small and medium-sized businesses that do not have public accountability
Standard
120,000 /NPR
Features
- Simplified NFRS application, staff training, basic templates
Premium
200,000+/NPR
Features
- Standard package + full support for transition & compliance
🔷 3. NAS for Micro Enterprises (MEs)
For very small businesses qualifying under micro-enterprise criteria
Basic
50,000 /NPR
Features
- Orientation, basic accounting setup, NAS templates
Standard
90,000+/NPR
Features
- Implementation support, periodic compliance checks
