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On 2 October 2026, the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC), in collaboration with VSD Audit and Assurance Co., Ltd., organized a workshop on “Key Challenges and Solutions in the Independent Audit and Tax Audit Processes for Factories and Enterprises” at the TAFTAC Auditorium.

The workshop featured speakers Ms. Fong Vathana, ACCA, Founder & Partner, and Ms. Chheang Sreyma, Tax Advisor, from VSD Audit and Assurance Co., Ltd., who shared their professional knowledge, practical experience, and technical insights on key matters relating to independent audit and tax audit processes.

The workshop aimed to strengthen the knowledge and understanding of factories and enterprises regarding key challenges that may arise during independent audit and tax audit processes, while providing practical guidance and solutions to help businesses improve audit preparedness, minimize unnecessary delays, and address audit matters more effectively.

The speakers covered key areas including audit documentation and readiness, the quality of financial reporting and internal controls, common circumstances that may contribute to qualified audit opinions, and practical approaches to addressing audit issues through timely communication and appropriately supported accounting judgments.

The discussion also addressed important aspects of the tax audit process, particularly the preparation and maintenance of supporting documentation, compliance with applicable legal and regulatory requirements, responses to requests from the tax authorities, and effective management of tax audit matters.

The interactive Q&A session provided participants with an opportunity to exchange experiences and raise practical issues for further clarification and professional guidance. Through this collaboration, TAFTAC and VSD continue to support factories and enterprises in strengthening audit readiness, financial governance, and compliance with relevant regulatory requirements.

Here are the slides;