As per the decision of the Council, the following Nepal Standards on Auditing have been made Mandatory for Compliances.

Standards on Quality Control.

S. No.	Existing NSAs	NSAs Revised Serial Number	Name	Effective Date (Original)	Revised Date
01	NSQC 1		Nepal Standards on Quality Control (NSQC)1: Quality control for firm's that perform audits and review of historical Financial Information and other. Assurance and related Service Engagement		1 Shrawan 2065 (16 July 2008)
02			Preface to the Nepal Standards on Quality Control, Auditing, Review, and other Assurance and related Service.		1 Shrawan 2065 (16 July 2008)
03			Nepal Framework for Assurance Engagements	1 Shrawan 2062 (16 July 2005)	1 Shrawan 2065 (16 July 2008)
04	01	200	Objectives and General Principles Governing an Audit of Financial Statements	1 Shrawan 2060 (17 July 2003)	1 Shrawan 2065 (16 July 2008)
05	02	210	Terms of Audit Engagements	1 Shrawan 2060 (17 July 2003)	1 Shrawan 2065 (16 July 2008)
06	03	230	Audit Documentation	1 Magh 2060 (15 January 2004)	1 Shrawan 2065 (16 July 2008)
07	04	500	Audit Evidence	1 Magh 2060 (15 January 2004)
08	05	240	The Auditor's Responsibility to Consider Fraud and Error in an Audit of Financial Statements	1 Shrawan 2061 (16 July 2004)	1 Shrawan 2065 (16 July 2008)
09	06	320	Audit Materiality	1 Shrawan 2061 (16 July 2004)	1 Shrawan 2065 (16 July 2008)
10	07	300	Planning an Audit of Financial Statements	1 Shrawan 2061 (16 July 2004)	1 Shrawan 2065 (16 July 2008)
11	08	700	The Independent Auditors Report on a Complete Set of General Purpose Financial Statement	1 Shrawan 2061 (16 July 2004)
12	09	530	Audit Sampling and other Selective Testing Procedures	1 Shrawan 2061 (16 July 2004)
13	10	570	Going Concern	1 Shrawan 2061 (16 July 2004)
14	11	580	Management Representation	1 Shrawan 2061 (16 July 2004)
15	13	260	Communication of Audit Matters with Those Charged with Governance	1 Magh 2061(14 January 2005)	1 Shrawan 2065 (16 July 2008)
16	15	250	Consideration of Laws and Regulations in an Audit of Financial Statements	1 Magh 2061(14 January 2005)	1 Shrawan 2065 (16 July 2008)
17	16	560	Subsequent Events	1 Magh 2061(14 January 2005)
18	17	505	External Confirmations	1 Magh 2061(14 January 2005)
19	18	600	Using the work of Another Auditor	1 Magh 2061(14 January 2005)
20	19	610	Considering the Work of Internal Auditor	1 Magh 2061(14 January 2005)
21	20	620	Using the Work of an Expert	1 Magh 2061(14 January 2005)
22	21	510	Initial Engagements- Opening Balances	1 Magh 2061(14 January 2005)
23	22	720	Other Information in Documents Containing Audited Financial Statements	1 Magh 2061(14 January 2005)
24	23	540	Audit of Accounting Estimates	1 Shrawan 2062 (16 July 2005
25	24	710	Comparatives	1 Shrawan 2062 (16 July 2005
26	25	550	Related Parties	1 Shrawan 2062 (16 July 2005
27	26	800	The Auditor's Report on Special Purpose Audit Engagements	1 Shrawan 2062 (16 July 2005
28		220	Quality Control for Audit of Historical Financial Information	1 Magh 2067 (15 January 2011)
29		315	Understanding the entity and its Environment and Assessing the Risks or Material Misstatement	1 Magh 2067 (15 January 2011)
30		330	The Auditor's Procedures in Response to Assessed Risks	1 Magh 2067 (15 January 2011)
31		520	Analytical Procedures	1 Magh 2067 (15 January 2011)
32		701	Modifications to the Independent Auditor's Report	1 Magh 2067 (15 January 2011)

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Nepal Standards on Related Services (NSREs):

S. No.	Existing NSAs	NSAs Revised Serial Number (Effective from 2064-2-22)	Name	Effective Date	Effective From
01	27	4400	Engagements to perform Agreed upon Procedures Regarding Financial Information	1 Shrawan 2062 (16 July 2005
02	28	2400	Engagements to Review Financial Statements	1 Shrawan 2062 (16 July 2005
03	29	4410	Engagements to Compile Financial Information	1 Shrawan 2062 (16 July 2005)

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Guidance Note:

S. No.	G N	Name
1	201	Guidance Notes on Independence of Auditors
2	202	Guidance Notes on Preparation of Financial Statements on Letter- Heads and Stationery of Auditors

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