KB Chitracar & Co (KBC) is the Nepalese member firm of Alliott Group,an International group of accounting, law & consulting firms.
KB Chitracar & Co (KBC) is a firm of chartered accountants, which has been providing quality professional services to the public, private and social sectors for more than four decades since its establishment in 1970. KBC is the full member of Alliott Group, an international group of accounting, legal and consultancy firms. KBC was the associated firm of Coopers & Lybrand since 1990 till its intern
ational merger. The founder of KBC is Komal Chitracar who is the senior and managing partner of the firm. KBC has well trained professional staffs that have versatile exposure with large number of enterprises in the various types of business and industry as well as social, development and charitable activities. Several trainee accountants are shortly being qualified as chartered accountants. KBC has networking arrangement with other chartered accountants, management experts, IT specialists, engineers, marketing experts, economists, statisticians, legal advisors and operation research analysts as resource persons who are readily available on a call basis. The arrangement enables the firm to handle assignments of varied size and nature as well as to deliver the services in due time at a short call. KBC has long and wide experience of providing assurance as well as advisory services to the large number of clients engaged in the various economic activities in public, private as well as in social sectors. KBC’s client profile includes financial and commercial institutions and the various types of for profit and not - for profit organizations. KBC has been providing services to several international donors, international lending agencies and international NGOs to audit or to carry out agreed- upon procedures of fund transfers to local agencies or organizations for the various programs and projects being implemented in Nepal. KBC is enlisted in the panel of auditors qualified to conduct audit for USAID and has been providing such service continually since 1990 to audit utilization of US grants to the government and local NGOs for the various types of project activities in Nepal. KBC has currently blanket purchase agreement with USAID/ Nepal. KBC scrupulously follows the professional code of ethics and conducts audit engagements as required under the International Standards on Auditing. Although the firm’s major source of revenue has been from audit and assurance services, the firm under the leadership of its senior partner Komal Chitracar has successfully delivered a number of consultancy services in the field of finance and accounting for several projects under technical assistance from the World Bank and the Asian Development Bank.
