Integrated Financial Reporting System For Local Governments

Nepal is now well underway in practising federalism with seven provinces and 753 local governments in which revenue sharing is a major feature among all three orders. Local governments in Nepal have a long road ahead of them if they are to approach governance in its truest shape; breaking the mold set by archaic institutional practices. Local governments need to be assisted in adapting to the best practices of financial reporting by leveraging learning from other federal countries.