The Auditing Standards Board established under Nepal Chartered Accountant Act 1997, is the authority to issue auditing standards for performance quality audit. The rules or guideline or roadmap that an auditors must follow while performing his audit works standards board. The objectives for the establishment of Auditing standards Board are as follows.


-Develop the Standards on Auditing, on the basis of relevant International standards on Auditing in order to govern and regulate accounting and auditing profession

-To evolve appropriate process of development of standard on Auditing and publish materials related to the standards on Auditing

- To redrafts, improvise and revise the standards on Auditing,.