དངུལ་རྩིས་ལྷན་ཁག། དཔལ་ལྡན་འབྲུག་གཞུང་།
Ministry of Finance
Royal Government of Bhutan
Accounting and Auditing Standard Boards of Bhutan
About the Department
At AASBB, we are committed to upholding transparency, accountability and integrity in financial reporting and auditing. As Bhutan’s national accounting and auditing standard-setting body, our mission is to align Bhutan’s financial practices with internationally recognized standards, fostering trust and confidence in the financial ecosystem.
Through enhanced financial and auditing standards, we strive to build a resilient financial system that supports sustainable economic growth and development. We welcome everyone to join us in strengthening Bhutan’s financial landscape and to ensure a future of financial integrity and excellence.
The Accounting and Auditing Standards Board of Bhutan (AASBB) is responsible for adopting and implementing internationally accepted accounting and auditing standards in Bhutan. Our mission is to enhance financial transparency, accountability and trust in Bhutan’s financial reporting ecosystem by aligning our standards with internationally recognized frameworks such as the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and International Public Sector Accounting Standards (IPSAS).
Mission
To enhance financial reporting, auditing standards, and professionalism through governance, capacity building and institutional support fostering transparency and economic stability across all sectors.
Vision
The leading agency in setting internationally recognized financial and auditing standards ensuring transparency, efficiency and accountability in Bhutan’s financial ecosystem
Objectives
- To Adopt Bhutanese Accounting Standards (BAS) in line with International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS).
- Review, update and issue Bhutanese Accounting Standards and International Public Sector Accounting Standards.
- Adopt and implement International Standards on Auditing (ISA).
- Recommend new standards/amendments in BAS, IPSAS and ISA.
- Harmonize the statutory and legal framework requirements of BAS and ISA with other relevant legislation.
1. Financial Reporting Standards Division
- Review and issuance of new standards or amendments to standards (BAS & BAS for SMEs)
- Compliance Review (BAS & BAS for SMEs
- Provide Technical clarifications (BAS & BAS for SMEs)
- Support for professional development (BAS & BAS for SMEs)
2. Public Sector Accounting Standards Division
- Review and issuance of new standards or amendments to standards (Public sector Accounting Standards).
- Compliance Review.
- Provide Technical clarifications
3. Auditing & Assurance Standards Division
- Review and issuance of new standards or amendments to standards (ISA).
- Quality Assurance (ISA).
- Providing Technical clarification (ISA).
- Facilitate establishment of Institute of Chartered Accountants of Bhutan.
4. Administration and Finance Division
Discharge of Administrative and Finance functions
- Accounting and Budgeting.
- Administration.
- Project management.
- TWC and Board meeting.
- Support for In-house professional development.
Our Links
Objectives
- p Bhutan-specific accounting and auditing standards aligned internationally.
- Promote awareness among stakeholders.
- Enhance professional capacity.
- Foster transparency and accountability.