Industry Sector
Cooperatives
Governance and audit support for cooperatives.
Overview & Core Services
Who We Are & How We Help
We help cooperative leaders improve reporting, strengthen member trust, and keep strong governance practices.
Member Reporting
Clear reports for members and stakeholders.
Governance Review
Checks on policies and internal controls.
VALUE
Creation
Methodology
Creating Value For Your Business
We help cooperatives build trust through clear reporting and practical governance support.
Stronger member confidence
Better control practices
The URPCA Advantage
Why Choose URP?
01
Member-first focus
Simple reporting that keeps members informed.
02
Practical governance
Controls designed for real operations.
Insights
Sector Publications
Beyond Compliance: Transforming Audits into Strategic Business Insights
A financial audit shouldn't just be a regulatory checkbox. When executed correctly, an audit acts as a diagnostic tool that uncovers hidden operational inefficiencies...
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Restructuring for Resilience: Why Mid-Market Firms Need Fractional CFOs
Scaling a mid-market enterprise requires financial strategy that goes beyond basic bookkeeping. Discover how Fractional CFOs are providing high-level financial leadership without the full-time...
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The Future of Tax Compliance in Nepal: Navigating the 2026 Shift
As Nepal's regulatory frameworks evolve, businesses must adapt their financial reporting to align with the new digital taxation policies. Here is what you need...
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Frequently Asked Questions
Yes. The Cooperative Act 2074 requires every registered cooperative to have its accounts audited annually by a qualified auditor and to present the audited statements to the General Assembly. The auditor must be registered with ICAN and meet criteria specified by the Department of Cooperatives. Audited statements are also required for renewing the cooperative's registration.
In our experience the recurring issues are: related-party lending to board members and their associates without proper disclosure, weak loan documentation, inadequate provisioning for non-performing loans, deposit concentration with a small number of high-net-worth members, mismatches between branch-level records and head office consolidated books, and gaps in KYC documentation. None are individually fatal — collectively they signal weak governance and need to be addressed before they cascade.
DoC supervises all cooperatives in Nepal. NRB has co-supervisory or oversight responsibilities for SACCOs whose deposits and operations exceed thresholds defined by the central bank — recognising that very large SACCOs perform bank-like functions. The exact thresholds and reporting requirements have evolved through successive NRB directives and remain under reform discussion.
The long-form audit report extends the standard audit opinion with specific commentary on internal controls, regulatory compliance, related-party transactions, and other matters specified by the regulator. The Cooperative Act and DoC directives require a long-form report for cooperatives above defined size thresholds. Even where not strictly required, larger SACCOs increasingly request it as a governance signal to members.
If we are not your statutory auditor, yes — pre-audit readiness reviews, financial statement preparation under the Cooperative Act framework, and governance health checks are common engagements. If we are your statutory auditor, independence rules limit pre-audit involvement, but we can advise on observations from prior audits and on systemic improvements for future cycles.