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CPA Australia · RAA Empanelled · Lic. CRC429

Your Trusted
Accounting &
Auditing Partner

Tshechu & Associates is a RAA-empanelled CPA firm delivering statutory audits, financial reporting, tax advisory, and business incorporation services to companies, NGOs, and government bodies across Bhutan.

2018
Established
60+
Companies Audited (IFRS/BAS)
BH-07
RAA Empanelment
CPA
Australia Qualified
RAA Empanelled (BH-07)
BAS / IFRS Reporting
Xero Partner & Advisor Certified
QuickBooks ProAdvisor L1 & L2
Zoho Partner

Experience That Speaks in Numbers

60+
Incorporated Companies Audited
(IFRS / BAS)
28
Entities Audited
(FRR Compliant)
50+
Businesses — Accounts Closing
& Taxation
15+
Internal Audit
Engagements
IPSAS
Compliant Entities
Served
10+
Consultancy
Assignments

Trusted by Bhutan's Leading Organisations

A selection of our prominent clients served across statutory audit, financial reporting, and advisory engagements.

Drukair Corporation Limited DK Bank Limited Druk Holding & Investments Limited National Housing Development Corporation Ltd. Bhutan Agro Industries Limited Bhutan Livestock Development Corporation Ltd. Druk Ferro Alloy Limited Druk Hydro Limited Bhutan Trust Fund for Environmental Conservation Bhutan for Life Secretariat Financial Institutions Training Institute Ltd. Wood Craft Centre Limited Crawfish Himalayan Limited Kofuku International Limited Dragon Spirit Private Ltd. (FDI) Dawa Hospitality Services Pvt. Ltd. (FDI) Starlink Service Pvt. Ltd. + many more

Comprehensive Financial Services

From statutory audits to day-to-day bookkeeping, we provide end-to-end financial solutions tailored to your business needs.

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Audit & Assurance

Statutory, internal, external, and special audits conducted under the Companies Act of Bhutan 2016, CSO Act 2007, and Religious Organisation Act 2007. As a firm empanelled with the Royal Audit Authority, we are duly authorised to conduct statutory audits in full compliance with International Standards on Auditing (ISA).

  • Statutory Audit (Companies, NGOs, CSOs)
  • Internal & External Audit
  • Statutory Audit Support & Facilitation
  • RAA Empanelled — BH-07
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Bookkeeping Services

We recognise that frequent turnover of accounting staff is a significant challenge for businesses in Bhutan, often resulting in disorganised and unreliable financial records. Our structured bookkeeping solution eliminates this risk entirely.

  • Fortnightly or monthly bookkeeping by experienced accountants
  • Senior manager review of all entries for accuracy & completeness
  • Managing Partner acts as CFO in finalising accounts
  • Continuity, accuracy & senior-level oversight at all times
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Quarterly Transaction Reviews

A structured review of all financial transactions conducted every quarter — giving management early visibility into issues before they become problems.

  • Verification of transaction accuracy & completeness
  • Assessment of appropriateness of accounting treatments
  • Identification of discrepancies or irregularities
  • Written summary report provided to management after each review
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Year-End Closing of Accounts

We assist in the timely and accurate closing of all books of accounts at year-end — ensuring a clean, audit-ready set of financials every time.

  • Reconciliation of all ledger accounts
  • Preparation & posting of year-end adjusting journal entries
  • Verification of opening and closing balances
  • Trial balances & supporting schedules for statutory audit
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Financial Statements (BAS, IFRS, IPSAS & INPAS)

Financial statements generated by accounting software such as Tally ERP 9 do not automatically comply with filing requirements. We prepare fully compliant financial statements as per BAS, IFRS, IPSAS, and INPAS — covering companies, public sector entities, and non-profit organisations.

  • Statement of Financial Position (Balance Sheet)
  • Statement of Profit or Loss & Other Comprehensive Income
  • Statement of Changes in Equity
  • Statement of Cash Flows & Notes to the Financial Statements
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Tax Advisory & Filing

End-to-end tax advisory and filing services covering Personal Income Tax (PIT), Corporate Income Tax (CIT), and Goods & Services Tax (GST) — in full compliance with Bhutan's tax regulations. We also assist clients in identifying and accessing available fiscal incentives.

  • PIT & CIT Advisory and Filing
  • GST Registration, Filing & Compliance
  • Fiscal Incentives — Identification & Application
  • Accounts Closing for Tax & Compliance Review
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ERP & Cloud Accounting

Certified partner and advisor for leading cloud accounting platforms — helping you set up, customise, and get the most out of your accounting software.

  • Xero Partner & Advisor Certified
  • QuickBooks ProAdvisor (Level 1 & 2)
  • Zoho Partner
  • Tally ERP.9 · BAS/Tax Integration
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Financial Advisory Services

Ongoing or as-needed financial guidance to help management make informed decisions, stay compliant, and plan for sustainable growth.

  • Financial planning, budgeting & cash flow management
  • Regulatory & tax compliance in Bhutan
  • Investment & financing decisions
  • Interpretation of financial information for management reporting
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Business Advisory & Incorporation

From starting a new business to planning growth or exit, we provide analysis, valuation, and strategic financial advice tailored to the Bhutanese business environment.

  • Business Incorporation & Liquidation
  • Business Analysis & Valuation
  • Business Plan & Cash Flow Projection
  • BAS / IFRS Handholding Services

The Tshechu & Associates Advantage

We combine deep professional expertise with modern, technology-driven workflows to deliver results that matter.

01

CPA-Qualified Expertise

Our team holds recognized CPA qualifications and stays current with evolving standards — ISA, IFRS, PCAOB — so your financial reports stand up to any scrutiny.

02

Technology-Enabled Precision

We leverage automated audit tools, ERP integrations (SAP, QuickBooks, Xero, Tally), and data analytics to deliver faster, more accurate results.

03

Tailored to Your Business

No two clients are the same. We invest time to understand your industry, operations, and risk profile before designing any engagement.

04

Transparent Communication

We keep you informed at every stage — no jargon, no surprises. Clear workpapers, timely reports, and a dedicated point of contact throughout.

05

Forensic-Level Rigour

Our audit approach incorporates advanced analytical procedures — Benford's Law, MUS sampling, ECL modelling — giving you assurance beyond the surface.

06

Long-Term Partnership

We build relationships, not just engagements. Most of our clients have been with us for years — a testament to the trust and value we consistently deliver.

Our Engagement Process

A structured, transparent process from first contact to final report delivery.

01

Initial Consultation

We discuss your needs, assess scope, and understand your business — at no obligation.

02

Proposal & Planning

We issue a clear engagement letter with scope, timelines, and fees — no hidden costs.

03

Fieldwork & Analysis

Our team executes the engagement using rigorous procedures and technology-backed tools.

04

Reporting & Delivery

You receive clear, actionable reports with findings, recommendations, and full workpapers.

Integrity is not a policy — it is the foundation on which every engagement we conduct is built.
T&A
Tshechu & Associates Certified Public Accountants

Professionals You Can Rely On

Tshechu & Associates is a registered and empaneled accounting and auditing firm established in 2018, managed by a Certified Practising Accountant (CPA Australia) holding a Master of Business in Advanced Professional Accounting from Queensland University of Technology, Brisbane, and a Post Graduate Certificate in Financial Management from the Royal Institute of Management, Thimphu.

Prior to founding the firm, the proprietor served as a Finance Officer under the Ministry of Finance (2003–2009) and as Technical Staff at the Accounting & Auditing Standards Board of Bhutan (AASBB) Secretariat — playing a key role in developing and publishing the Bhutanese Accounting Standards (BAS 2012, BAS for SMEs 2012, and BAS 2015).

The firm is empanelled with the Royal Audit Authority (RAA) — the Supreme Audit Institution of Bhutan — to conduct audits of companies, NGOs, CSOs, and religious organisations. License No. CRC429 · RAA Empanelment No. BH-07.

CPA Australia RAA Empanelled BAS / IFRS Xero Partner Xero Advisor Certified QB ProAdvisor L1 & L2 Zoho Partner Lic. CRC429
Independently Verifiable Credentials

The Story Behind the Name

Every element of who we are carries meaning. Here is what our name, our mark, and our colours say about the firm you are trusting with your finances.

The Tick on the t

The stroke at the top of our t is a tick mark — the universal symbol of accuracy, correctness, and assurance. It is our quiet promise to every client: the numbers are right, the reports are sound, and the work has been done with care. Perfect for an accounting and auditing firm, because in our profession, correctness is not a feature — it is the only standard.

The t from our logo

t is for Trust

The t stands for Trust — the foundation of every client-professional relationship. Trust is built through transparency, earned through consistency, and protected through integrity. You share your most sensitive financial information with us; we honour that with complete professionalism and confidentiality, every single time.

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Tshechu — A Name That Belongs Here

Tshechu is both the founder's name and Bhutan's most celebrated annual festival — a sacred gathering of community, culture, and renewal observed across the kingdom. This dual identity instantly roots the firm in Bhutanese identity, making it memorable to local clients and internationally recognisable to those who know and respect this country.

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Red — Three Layers of Meaning

Our red carries three layers of meaning, each reinforcing the other. First, it is the colour of the teacher's pen — the red ink used to correct mistakes, mark accuracy, and uphold standards. We bring that same rigour to every set of accounts we review. Second, it is drawn from Bhutanese astrological tradition — the elemental colour representing the founder's birth year, a deeply personal choice rooted in identity. And third, it connects directly to the tick on our t — because red marks correctness, and correctness is what we stand for.

"A tick that marks correctness. A name rooted in a nation's culture. A red that recalls a teacher's pen, a birth year, and a lifelong commitment to getting things right."

Tshechu & Associates · Est. 2018 · Thimphu, Bhutan

Your First Consultation Is Free

Not sure what your business needs? Talk to us — at no cost and no obligation. We will assess your situation, explain your options clearly, and you decide if we are the right fit. Most enquiries receive a response within one business day.

Send an Enquiry Call 17 55 65 55

Let's Start a Conversation

Whether you need a statutory audit, tax advice, or ongoing accounting support — we're ready to help. Reach out and we'll respond within one business day.

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Call Us +975 17556555
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Our Office F-01, First Floor, TBank ATM Building,
Jungzhina–Taba Expressway, Thimphu, Bhutan
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Office Hours Mon – Fri, 9:00 AM – 5:30 PM