This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Accounting & Auditing Standards Board in Bhutan

  • Bhutan Image

28 Jul 2010

The lhengye zhungtshog (cabinet) of Bhutan has approved the formation of an accounting and auditing standards board of Bhutan (AASBB) on 26 July.

The board will set Bhutanese accounting and auditing standards in line with international standards. So far there is no defined Bhutanese GAAP. The provision of the Companies Act of Bhutan (2000) that listed companies must present their financial statements in compliance with GAAP is usually construed to mean India GAAP. The AASBB will also develop plans for the formation of chartered institutes and chartered accountants qualification in the country and harmonise financial reporting formats.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.