Industry Sector
Manufacturing industries
Operational and financial assurance for manufacturing businesses.
Overview & Core Services
Who We Are & How We Help
We help manufacturers improve cost control, inventory accuracy, and compliance reporting.
Inventory Audit
Checks on stock accuracy and valuation.
Process Costing Review
Better visibility on production costs.
VALUE
Creation
Methodology
Creating Value For Your Business
We translate production data into reliable financial reports and practical actions.
Improved margin clarity
Stronger inventory controls
The URPCA Advantage
Why Choose URP?
01
Operations-aware audits
Methods built for real factory workflows.
02
Cost discipline
Clear focus on cost drivers and waste.
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
Inventory valuation and cut-off, particularly for businesses with multi-stage production; standard costing variances that are absorbed rather than analysed; capitalisation of overheads; understatement of slow-moving and obsolete stock; reconciliation between excise records, VAT records, and book inventory; and transfer pricing on imports from related parties abroad. Each is fixable; together they distort reported margins by material amounts.
Nepal does not currently mandate cost audits in the same way as some neighbouring jurisdictions. However, the IRD's transfer pricing scrutiny on import-heavy manufacturers, lender requirements on cost-plus contracts, and management's own visibility needs make voluntary cost audits increasingly common. U.R.P. & Associates's cost audit engagements identify cost drivers, validate standard costing, and surface efficiency opportunities.
Excise applies to specified manufactured products (alcoholic beverages, tobacco, cement, certain processed goods, vehicles, etc.) under the Excise Act 2058. Manufacturers must maintain prescribed registers, file monthly returns, and reconcile production records with excise declarations. Common audit findings include reconciliation gaps between production batch records and excise submissions, and incomplete documentation supporting captive consumption.
Credit on capital goods is sometimes deferred or missed entirely. Credit on services consumed at the factory (security, housekeeping, transport) is often overlooked. Credit on imported raw materials is sometimes not reconciled against VAT paid at customs. A periodic VAT health check usually surfaces material recoverable amounts.
Yes. The Industrial Enterprise Act 2076 provides tax holidays, customs concessions, and other incentives for qualifying enterprises and locations. SEZ-based units face their own incentive and compliance regime. We support eligibility assessment, application support, and ongoing compliance — particularly important because incentive claims attract focused IRD scrutiny.