brief overview
The Technical Working Committee (TWC) is established under the Board to assist and advise the AASBB in discharging its mandates pertaining to technical matters and carry out activities under the directions of the AASBB. The TWC members consist mostly of professional accountants from various accounting bodies appointed by the Board.
TWC MEMBERS
Mr. Ugyen Namgyal
Director
Corporate Services Department, DGPC (Chairman)
Ms. Tashi Lhamo
Director, Finance
Druk Holding & Investment
(Vice-Chairperson)
Ms. Thinley Choden
Lecturer
Gedu College of Business Studies
Mr. Nima
Offtg. AAG
Compliance and Outsourced Audit Division, RAA
Ms. Dema Tshogzin
Asstt. Collector
RRCO, Thimphu
Mr. Tenzin Rabgay
Finance Officer
Royal Securities Exchange of Bhutan Ltd.
Mr. Kinzang
Freelance Consultant
Mr. Tenzin Drakpa
Asstt. Registrar of Companies
Office of Corporate Regulatory Authority of Bhutan
Mr. Kuenzang Gyeltshen
Chief Accounts Officer
RMA
Mr. Ugen Tshering Drukpa
CFO, Financial Reporting Standards Division, AASBB
Mr. Sonam Tshering
DCFO, Auditing and Assurance Division, AASBB
Mr. Budhiman Rai
CFO, Public Sector Accounting Division, AASBB
Ms. Kinzang Wangmo
General Secretary, AASBB
(Member Secretary)
mandates
The TWC shall assist and recommend the AASBB in discharging its mandates pertaining to technical matters and carry out activities under the direction of the AASBB which shall, inter-alia include:
- facilitate and ensure implementation of accounting/ auditing standards consistent with international standards,
- reviewing the existing and emerging accounting and auditing standards and identifying areas for further study,
- reviewing and providing interpretations/clarifications on the accounting and auditing standards in the areas identified,
- provide guidance for conducting impact assessment for adoption of new accounting and auditing standards,
- drafting of exposure drafts for public comments and stablishing procedures for reviewing public comments within a reasonable period on the documents published for comments,
- ensuring that the standard setting process is appropriate and responsive to the public interest,
- seeking guidance from international standard setters and national standard setters in the region to encourage high quality standards and their adoption in Bhutan,
- providing feedback and comments on issues related to Public Finance, Company Accounts, Audit and in other related areas,
- establishing various sub-committees within the TWC for specific assignment,
- assessing and advising the training needs of accounting and auditing professionals and suggest to engage, if necessary, external experts for the training on the specific matters of importance,
- identifying and promoting best professional practices including quality control standards on auditing practice statements, standards on review engagements etc.,
- carry out any other works as assigned by the AASBB.