Accounting and Auditing Standards Board of Bhutan

Pursuant to Section 25 of the public Finance Act 2007, the Ministry of Finance embarked on the process of developing the Bhutanese Accounting Standards (BAS) and Bhutanese Standards on Audit (BSA). Recognizing the importance, the Royal Government has approved the establishment of Accounting and Auditing Standards Board of Bhutan (AASBB) vide order No. C-3/2033 dated 6th May 2010 which has reference to the 69th session of the Lhengye Zhungtshog held on 30th April 2010. 

News and Updates

Bhutanese Accounting Standards Launched

Bhutanese Accounting Standards launched

6th April 2012 To improve the accounting and auditing processes comparable to the international best practices, Bhutanese Accounting Standards was launched today. The need was felt with .. » Read More

Feb 07, 2014    News    Admin  
Cabinet approves AASBB

The 69th session of the Lhengye Zhungtshog approved the Accounting and Auditing Standards Board of Bhutan (AASBB) to strengthen accounting and auditing practices in Bhutan. The board has nine members from various stakeholders, including .. » Read More

Feb 07, 2014    News    Admin  
Initiating compliance with Bhutanese Accounting Standard

The Bhutanese Accounting Standards was launched on April 6, 2012, to improve the accounting and auditing processes comparable to the international best practices. The need was felt with the growing number of companies and opening of Bhut.. » Read More

Jan 09, 2014    News    Admin  
Taking accounting to a higher level

September 13, 2012: With the country developing and engaging with the outside world in an unprecedented way, the need of a standard accounting system has emerged. Towards this end, a six day work- shop/training bega.. » Read More

Jan 05, 2014    News    Admin  

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