Registered Auditors' COP Upgradation

As per Rule 54 of the Nepal Chartered Accountants Regulations the members can upgrade their COP from C to B and D to C under the following criteria:

I. Upgrading Criteria of COP for Registered Auditors(C to B):

A registered auditor member holding Certificate of Practice of Class C can be upgraded to registered auditor member holding Certificate of Practice of class B under the following conditions:

1. If he/she has performed auditing or internal auditing of an institution registered in Nepal having transactions of more than one crore at least in 5 fiscal years during the period of last 10 years accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.
2. If he/she has worked as a professional accountant in an accounting firm whose proprietor is a Chartered Accountant, accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.
3. If he/she has passed the examination for upgrading in class B accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.

II. Upgrading Criteria of COP for Registered Auditors(D to C):

A registered auditor member holding Certificate of Practice of Class D can be upgraded to registered auditor member holding Certificate of Practice of class C under the following conditions:

1. If he/she has performed auditing or internal auditing of an institution registered in Nepal having transactions of more than 15 lacs/year at least in 5 fiscal years during the period of last 10 years accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or Statistics.
2. If he/she has worked as a professional accountant in an accounting firm whose proprietor is a Chartered Accountant, accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or Statistics.
3. If he/she has passed the examination for upgrading in class C accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or statistics.

1. The examinations shall be held for the following subject each of 100 marks (in each):
   1. Direct or Indirect Taxation in Nepal
   2. Commercial Law of Nepal
   3. Accounts and standard of accounting
   4. Auditing and standard of auditing
2. The registered auditor member with eligibility according to the above mentioned criteria can apply for upgrading of his/her Certificate of Practice of class C or D in the format specified in Schedule-31 of Nepal Chartered Accountants Regulations.
3. Other proceedings for upgrading of a class shall be as mentioned in the Procedures of upgrading.

Information about Upgrading in Nepali Download