Privacy Policy

1. Introduction & Overview

L.C. Associates ("we", "our", or "us") is a registered auditing and financial consulting firm based in Butwal-03, Golpark, Rupandehi, Nepal. We respect your privacy and are deeply committed to protecting the confidentiality, integrity, and security of all personal and financial information entrusted to us.

This Privacy Policy outlines how we collect, store, process, and safeguard your data when you visit our website, engage our statutory external audit, internal audit, tax consultation, accounting, or business advisory services, or interact with our firm in any manner. Our data handling procedures align with the Individual Privacy Act 2075 (2018) of Nepal and the Code of Ethics established by the Institute of Chartered Accountants of Nepal (ICAN).

2. Information We Collect

Depending on the professional service requested, we may collect the following categories of information:

3. How We Use Your Information

All information provided to L.C. Associates is strictly utilized for legitimate professional and statutory purposes, including:

• Executing statutory external audits, internal reviews, and independent audit opinions under Nepal Standards on Auditing (NSA).
• Preparing and e-filing income tax returns, monthly VAT returns, and PAN documentation with the Inland Revenue Department (IRD).
• Conducting company registration, legal compliance reviews, and corporate advisory services.
• Communicating engagement progress, audit queries, fee invoices, and regulatory compliance reminders.
• Ensuring compliance with anti-money laundering (AML) directives and ICAN regulatory frameworks.

4. Professional Confidentiality & Data Protection

Confidentiality is a core pillar of our auditing practice. Under ICAN professional rules, our partners, senior auditors, account officers, and administrative staff are bound by strict non-disclosure obligations.

5. Disclosure to Third Parties

We do not sell, rent, trade, or commercially exploit client data under any circumstances. Information is disclosed to third parties only under the following conditions:

• Statutory Mandates: Submissions made directly to government regulatory authorities (Inland Revenue Department, Office of Company Registrar, Nepal Rastra Bank) on your explicit instruction.
• Legal Compulsion: When required by court orders, lawful subpoenas, or regulatory investigations under Nepalese law.
• Client Consent: When you provide explicit written permission to share reports with financial institutions, prospective investors, or legal counsel.

6. Document Retention Policy

In accordance with the Companies Act 2063 and Income Tax Act 2058 of Nepal, statutory audit working papers and tax compliance files are retained for the mandatory statutory period (typically a minimum of 5 to 7 years). Following the expiration of required retention periods, documents are securely archived or permanently shredded and purged.

7. Your Data Rights

Under applicable privacy laws, clients possess the right to:

• Request access to personal information maintained by our office.
• Request correction of inaccurate or incomplete corporate contact information.
• Inquire regarding the specific safeguards applied to your financial data.

8. Privacy Inquiries & Contact

If you have questions regarding this Privacy Policy or wish to exercise your data protection rights, please contact our administrative desk: