Nepal Chartered Accountants Act, 1997

11. Powers, Duties and Functions of the Council: The powers, duties and functions of the Council shall be as follows:-
(a) To conduct examinations for those entering the accounting profession.
(b) To determine the procedure relating to the registration of names of members of the Institute and as amended by the First Amendment. members who have obtained a Practising Certificate.
(c) To grant appropriate type of membership pursuant to Section 16 to a person who meets the prescribed qualifications.
(d) To make coordinated development of the accounting profession by maximizing the use of available resources and means.
(e) To determine the qualifications required for skilled human resources for the development of the accounting profession.
(f) To determine the curriculum and type of practical training necessary to acquire the qualifications required for obtaining membership.
(g) To conduct various teaching and training programs with the assistance of universities or other educational institutions, or by the Institute itself.
as amended by the First Amendment.(h) To issue Practising Certificates to members for practicing the accounting profession.
(i) To provide career development opportunities to members and enhance their competence.
(j) To monitor whether members and as amended by the First Amendment. members who have obtained a Practising Certificate are working in accordance with the prescribed professional Code of Conduct.
(k) To take necessary action against members and as amended by the First Amendment. members who have obtained a Practising Certificate for acts contrary to the professional Code of Conduct, based on the recommendation of the Disciplinary Committee.
(l) To provide theoretical or practical instructions and guidance on various aspects of accounting and auditing, and to carry out other necessary work for professional development.
as amended by the First Amendment.(m) To comply with and ensure compliance with the Accounting Standards and Auditing Standards established or recommended by the Accounting Standards Board and the Auditing Standards Board, and to regulate whether they are complied with.
(n) To protect and promote the rights, interests and prestige of members.
(o) To provide opinions and suggestions to the Government of Nepal for the reform of various prevailing laws related to industry, commerce, finance, revenue and the accounting profession.
(p) To assume membership of the International Federation of Accountants and regional and sub-regional federations, and to establish contact with accounting professional institutes of other countries.
(q) To recommend appropriate academic standards for accounting education in coordination with universities and other teaching institutions.
(r) To conduct necessary training, workshops and seminars to enhance the professional competence of Registered Auditors.
(s) To conduct short-term or long-term training, workshops, etc. for the welfare of in-service accounting manpower.
(t) To publish materials related to the accounting profession.
(u) To operate a library related to the accounting profession.
(v) To determine the procedure to be followed by committees formed by the Council.
(w) To approve the budget of the Institute and manage the fund.
(x) To appoint necessary employees for the Institute and determine their remuneration and other facilities.
added by the First Amendment.(x1) To make arrangements for continuing professional education for members.
added by the First Amendment.(x2) To develop an education system for producing accounting technicians and carry out related necessary work.
(y) To perform other functions as prescribed under this Act or the rules and regulations made under this Act.
(z) To perform other functions necessary to fulfill the objectives of this Act.