Announcements

A financial capacity-building training program for officials of spiritual projects in GMC was conducted from April 23 to 25, 2026. The Accounting and Auditing Standards Board of Bhutan (AASBB) participated in the program and delivered sessions on accounting standards and project management. The training emphasized the importance of maintaining proper books of accounts, the benefits […]

With support from the Asian Development Bank, AASBB is revising the Bhutanese Accounting Standards (BAS) 2020 to BAS 2026 to align with the latest International Financial Reporting Standards (IFRS 2026), incorporating all updates issued up to 1st January 2026. This initiative forms part of Bhutan’s roadmap toward full IFRS adoption under the upcoming Five-Year Plan. To

The AOSSG is a group of accounting standard-setters in the Asian-Oceanian region. It was formed in 2009 and currently comprises 28 accounting standard-setters from the Asian-Oceanian region. The Group provides a forum to share experiences on adoption of International Financial Reporting Standards (IFRS) and contribute to the development of high-quality global accounting standards. The AOSSG aims to

The Gelephu Mindfulness City Authority (GMCA) and, Accounting and Auditing Standards Board of Bhutan (AASBB) have entered into a Memorandum of Understanding (MOU) to advance collaborative and cooperative efforts in the area of accounting and auditing standards. This Memorandum of Understanding marks a significant milestone in aligning Bhutan’s accounting standards with international best practices. Under the MOU, AASBB will assist

The Memorandum of Understanding (MoU) between the Accounting and Auditing Standards Board of Bhutan (AASBB) and the Royal Institute of Management (RIM) was signed on 19th September 2025 by the Chairman of AASBB and the Director General of RIM. This MoU marks a significant step towards enhancing accounting profession in the Country through a collaborative framework. Under this partnership, RIM will

The Diamond Strategy “An important thing for the people to understand is that we are pursuing “One Country, Two Systems” by establishing the GMC as a Special Administrative Region (SAR). However, we do not intend to maintain the “two systems” forever. Ultimately, they must converge into “One Country, One System.” The innovations emerging from the