The Accounting and Auditing Regulator (ACAR) has fully adopted the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) as the Cambodian International Financial Reporting Standard for SMEs (CIFRS for SMEs). With the International Accounting Standards Board (IASB) issuing the Third Edition of the IFRS for SMEs Accounting Standard in February 2025, […]
Cambodia’s General Department of Taxation (GDT) has introduced new guidelines clarifying the tax obligations for immovable property leases that include periods for construction or renovation. Issued on September 18, 2024, Instruction No. 33000 offers a business-friendly approach by defining a grace period for rental payments, providing much-needed clarity for property owners and lessees. The 10%
Cambodia Sets New Grace Period and Tax Rules for Property Leases Read More »
To assist entities in submitting their annual financial statements to the Accounting and Auditing Regulator (“ACAR”) in accordance with the Cambodian Law on Accounting and Auditing, as well as the relevant sub-decrees and prakas, ACAR issues the official currency exchange rates for use in financial reporting. Entities whose functional currency is not the Khmer Riel
Phnom Penh, 18 July 2025 — VSD Audit & Assurance proudly participated in the 4th ASEAN CPA Conference, an esteemed regional gathering of accounting professionals hosted by the Accounting and Auditing Regulator (ACAR) in collaboration with the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA). Held at Sofitel Phnom Penh Phokeethra, the conference served
We’re thrilled to announce that VSD has officially signed a Memorandum of Understanding (MoU) with DFC Learning on 7 July 2025. This strategic partnership is a significant step forward in our mission to enhance the learning journey of aspiring professionals. Through this collaboration, students will gain valuable, real-world insights into the accounting field—bridging the gap
VSD Partners with DFC Learning to Empower Future Accounting Professionals Read More »
Phnom Penh, 1 July 2025 — VSD Audit & Assurance is proud to have sponsored the Dissemination Workshop on the Development Strategy for the Accounting and Auditing Sector in Cambodia 2025–2035, held at Phnom Penh Hotel. The workshop served as a crucial platform to unveil the national 10-year roadmap for transforming the accounting and auditing
VSD Sponsors National Workshop on Cambodia’s 2025–2035 Accounting and Auditing Strategy Read More »
Phnom Penh, 12 June 2025 — Businesses across Cambodia continue to face growing expectations around legal and tax compliance. To address these evolving challenges, the Cambodia Tax Agent Federation Association (CTAFA) organized a high-level forum titled “Compliance with Commercial and Tax Laws for Businesses in Cambodia” at Phnom Penh Hotel. The event served as a
Forum Highlights: Navigating Compliance with Commercial and Tax Laws in Cambodia Read More »
Overview of the Law on Accounting and Auditing The Law on Accounting and Auditing issued in July 2016 aims to ensure effective, transparent, and reliable financial reporting and auditing practices in Cambodia. It provides a comprehensive legal framework for: This law applies to enterprises, not-for-profit entities, accountants, auditors, and public institutions, with exceptions for the
list of licensed accounting firms in Cambodia 2025 Read More »
The Cambodian Financial Reporting Standard for Not-for-Profit Entities (CFRS for NFPEs) is a tailored financial reporting framework designed to meet the unique needs of non-profit organizations in Cambodia. Issued by the National Accounting Council (NAC) in December 2017, under the authority of Article 11, Chapter 4 of the Law on Accounting and Auditing 2016, and
Auditing and accounting firms in Cambodia are governed by the Law on Accounting and Auditing, promulgated under Royal Kram No. NS/RKM/0416/006, dated 11 April 2016. To legally provide accounting and auditing services, a firm must first be established as a registered company in Cambodia, which involves registration with the Ministry of Commerce (MoC) and the
List of Accounting and Auditing Firms in Cambodia (Updated 2025) Read More »
