3.3 Accounting Standards

The rules of the numbers' language: the NASB's Nepal Accounting Standards (the Nepali adaptation of the IFRS family — the NAS/NSCs' framework) and the IFRS's global convergence (the comparability's promise — the cross-border investor's dictionary); the standards' sources-and- classes (the full-IFRS for the large-and-listed; the NFRS-for-SMEs' lighter burden); the standards' governance (the NASB's issuance; the ICAN's-and-the-OFR's professional interfaces — the auditor's-and-accountant's worlds); and the standards' legal force (the Act's-and-SEBON's compliance duty — the "true and fair" override's lore: the standard's departure only where the fair presentation demands, disclosed).