Nepal Chamber of Commerce Chairman Calls for Private Sector-Friendly Public Bodies
Summary
Nepal Chamber of Commerce Chairman Kamlesh Agarwal has urged public bodies and the Office of the Auditor General to adopt a more private sector-friendly approach. He also said auditing should use Artificial Intelligence and data analytics to identify future risks and strengthen economic governance.
Key Points
- Kamlesh Agarwal said public bodies should be more private sector-friendly and avoid discouraging businesses with repeated scrutiny of already settled matters.
- He said economic governance and transparency depend on honest auditing and transparent financial reporting, while trust remains the economy’s biggest capital.
- Agarwal criticized retrospective tax policy and said weak implementation, not policy design, is often the main problem in Nepal.
- He called for modern auditing practices using Artificial Intelligence and data analytics to identify future risks.
