Includes bibliographical references.

Ch. I. Introduction -- Ch. II. Central Government Budgeting, Financial Planning, and Cash Flow Management -- Ch. III. Central Government Accounting and Financial Reporting -- Ch. IV. Local Government Accounting and Financial Reporting -- Ch. V. Cross-Cutting Issues in Public Sector's Financial Accountability -- Ch. VI. Independent Auditing -- Ch. VII. Oversight Arrangements -- Ch. VIII. Fiduciary Risk -- Ch. IX. Private Sector Accounting and Auditing -- Ch. X. Accountability in The Financial Sector -- Ch. XI. Corporate Governance -- Ch. XII. Accountability in The Non-Governmental Organizations -- Ch. XIII. Development Action Plan and Implementation Strategy.

"Nepal has suffered from the lack of proper management of public expenditures, stagnant real revenues, large and inefficient parastatals, and a weak financial sector. Fiduciary risk remains high. His Majesty's Government of Nepal has accorded high priority to the assurance of good accountability and transparency in public sector financial management." "Reforms are now critical and should be approached in an integrated way covering planning, budgeting, accounting, internal control, internal audit, external audit, and oversight. Action in only one area of financial management will not result in the same degree of benefits. The capacity building recommended in this report's Development Action Plan is designed to introduce international accounting and auditing standards in both the public and the private sectors, and to close the gap between precept and practice. The Government has a firm commitment to implement these time-bound actions."--BOOK JACKET.