Who This Is For:

• Business groups with multiple subsidiary companies in Nepal
• Holding companies requiring consolidated financial statements
• Foreign groups with Nepal subsidiary companies requiring component audit
• Private equity-backed businesses preparing group accounts

What We Deliver:

• Group audit planning and risk assessment across all entities
• Component audit execution (or coordination with component auditors)
• Intercompany transaction and balance elimination
• Consolidated financial statements prepared to NFRS/IFRS
• Goodwill and intangible asset treatment
• Non-controlling interest computation and presentation
• Group auditor's report on consolidated statements
• Deferred tax computation across the group

Our Group Audit Process:

1. Group engagement acceptance and planning
2. Component significance assessment (which subsidiaries require full vs. limited scope)
3. Component audit instructions and timeline
4. Subsidiary-level audit execution
5. Intercompany elimination and reconciliation
6. Consolidation adjustments
7. Group financial statement review
8. Group auditor's report issuance

FAQ:

Q: Do all subsidiaries need a separate audit?

A: Yes. Each subsidiary requires its standalone statutory audit. The group auditor then uses these audit results in the group consolidation audit.

Q: What if one subsidiary uses a different accounting period?

A: Subsidiaries with different year-ends need to prepare interim financial information as at the group year-end date for consolidation purposes