Cambodia’s revised financial reporting framework establishes specific independent audit requirements for not-for-profit organisations (“NPOs”) and their projects.
ក្រោម ប្រកាសលេខ ០៦៣ ចុះថ្ងៃទី១៨ ខែសីហា ឆ្នាំ២០២៦ ស្តីពីកាតព្វកិច្ចដាក់របាយការណ៍ហិរញ្ញវត្ថុប្រចាំឆ្នាំ និងដាក់របាយការណ៍ហិរញ្ញវត្ថុសម្រាប់សវនកម្មឯករាជ្យ, the audit requirements for not-for-profit organisations are assessed separately from those applicable to commercial enterprises.
តម្រូវការសវនកម្មឯករាជ្យថ្មីត្រូវអនុវត្តចាប់ពី រយៈពេលគណនេយ្យឆ្នាំ ២០២៦ តទៅ.
1. Project-Level Independent Audit Requirement
Article 10 provides that the financial statements of a project must be submitted for independent audit where the project has:
Total project cost exceeding KHR 2 billion
Equivalent to USD 500,000
The wording of the Prakas is “លើស” KHR 2 billion. Accordingly, the statutory trigger is a project cost above that amount.
This requirement applies at the project level and should therefore be distinguished from the separate audit test applicable to the annual financial statements of the not-for-profit organisation itself.
2. When Must the NPO’s Annual Financial Statements Be Audited?
The annual financial statements of a not-for-profit organisation are required to undergo independent audit where ទាំងពីរ of the following conditions are satisfied:
លក្ខខណ្ឌទី 1 – ការចំណាយប្រចាំឆ្នាំ
ការចំណាយសរុបប្រចាំឆ្នាំលើសពី៖
៣ ពាន់លានរៀល (៧៥០,០០០ ដុល្លារអាមេរិក)
The calculation excludes the cost of projects that are themselves subject to independent audit.
លក្ខខណ្ឌទី 2 – បុគ្គលិក
ចំនួនបុគ្គលិកជាមធ្យមក្នុងមួយឆ្នាំគឺ៖
20 employees or more.
Both conditions must be met before the annual financial statements of the NPO fall within this mandatory audit requirement.
ឧទាហរណ៍
An NPO has:
- annual expenditure of KHR 4 billion, excluding projects separately subject to audit; and
- an average of 25 employees during the year.
Both conditions are met and the NPO’s annual financial statements would therefore be subject to independent audit.
If the same NPO had only 15 employees on average during the year, the annual financial statements would not become subject to mandatory audit solely under this test, although individual projects may still separately require audit.
3. Audit Frequency for NPO Projects
Article 11 also determines how frequently qualifying projects must be audited.
គម្រោងដែលមានរយៈពេលមិនលើសពី 18 ខែ
A project with a duration not exceeding រយៈពេល 18 ខែអាចស្ថិតនៅក្រោមការត្រួតពិនិត្យឯករាជ្យតែមួយប៉ុណ្ណោះ.
គម្រោងលើសពី 18 ខែ
A project with a duration exceeding ១៨ ខែ must be subject to independent audit, with:
ការធ្វើសវនកម្មឯករាជ្យមួយសម្រាប់រយៈពេលដប់ពីរខែនីមួយៗ។.
This distinction is particularly important for multi-year projects and donor-funded programmes that extend beyond a single accounting period.
4. Voluntary Independent Audit
Where an NPO or an NPO project does not meet the mandatory conditions under Article 10, it may nevertheless voluntarily submit its financial statements for independent audit.
Such a voluntary audit should be distinguished from the statutory audit requirement imposed by Prakas No. 063.
5. Who Can Perform the Independent Audit?
សម្រាប់គោលបំណងនៃប្រកាសលេខ ០៦៣ “ការត្រួតពិនិត្យឯករាជ្យ” មានន័យថា ការធ្វើសវនកម្មលើរបាយការណ៍ហិរញ្ញវត្ថុដែលអនុវត្តដោយ អ្នកសវនករដែលមានអាជ្ញាប័ណ្ណពីនិយតករគណនេយ្យ និងសវនកម្ម (“ACAR”).
Accordingly, an NPO or qualifying project subject to mandatory audit should ensure that the audit is performed by an appropriately licensed auditor.
6. Audit Completion and Filing Deadlines
ការងារសវនកម្មឯករាជ្យ និងការចេញមតិយោបល់របស់អ្នកសវនកម្មឯករាជ្យត្រូវតែបញ្ចប់៖
មិនឱ្យលើសពីប្រាំមួយខែបន្ទាប់ពីថ្ងៃបិទបញ្ចប់នៃរយៈពេលគណនេយ្យ។.
The audited annual financial statements and independent auditor’s report must then be filed with ACAR no later than:
ប្រាំមួយខែ និងម្ភៃថ្ងៃ បន្ទាប់ពីថ្ងៃបិទបញ្ចប់នៃរយៈពេលគណនេយ្យ។.
For an NPO with an accounting year ending ថ្ងៃទី ៣១ ខែធ្នូ ឆ្នាំ ២០២៦, this would ordinarily mean:
- audit completion by ថ្ងៃទី 30 ខែមិថុនា ឆ្នាំ 2027; និង
- filing with ACAR by ថ្ងៃទី 20 ខែកក្កដា ឆ្នាំ 2027.
Where completion within the prescribed period is not possible, the Prakas permits an application to ACAR for an extension in accordance with the applicable requirements.
7. What Happens If the NPO No Longer Meets the Audit Conditions?
Article 16 provides a specific mechanism for a not-for-profit organisation that no longer meets the conditions in Article 10.
In that situation, the NPO ceases to be subject to the requirement to submit its annual financial statements for independent audit.
ទោះយ៉ាងណាក៏ដោយ វាត្រូវតែ៖
ជូនដំណឹងជាលាយលក្ខណ៍អក្សរទៅ ACAR មិនឱ្យលើសពី 30 ថ្ងៃបន្ទាប់ពីថ្ងៃបិទបញ្ចប់នៃរយៈពេលគណនេយ្យ។.
This is different from the exemption mechanism applicable to certain enterprises under Article 15.
For NPOs, the Prakas specifically requires a written notification to ACAR when the Article 10 conditions are no longer met.
8. Filing Requirement for NPOs Not Subject to Audit
An NPO that is not subject to independent audit is still required to file its annual financial statements with ACAR.
The filing deadline is:
Three months and twenty days after the closing date of the accounting period.
For an accounting period ending ថ្ងៃទី ៣១ ខែធ្នូ, នេះជាធម្មតាត្រូវគ្នាទៅនឹង ថ្ងៃទី 20 ខែមេសា ឆ្នាំបន្ទាប់.
9. Late Filing Penalties for NPOs Not Subject to Independent Audit
For a not-for-profit organisation that is មិនស្ថិតនៅក្រោមការត្រួតពិនិត្យឯករាជ្យ, late filing of annual financial statements with ACAR is subject to an administrative fine of:
KHR 1.2 million (USD 300) per month of delay.
The total late-filing penalty for each accounting period is capped at:
៧,២ លានរៀល (១,៨០០ ដុល្លារអាមេរិក)។.
The penalty is calculated from the month in which the filing deadline falls until the month in which ACAR receives the complete filing together with the annual financial statements.
The specific penalties under Articles 21 to 23 apply to entities មិនស្ថិតនៅក្រោមការត្រួតពិនិត្យឯករាជ្យ and should therefore not be automatically extended to audited NPOs without considering other applicable legal provisions.
10. Effective from the 2026 Accounting Period
Article 26 provides that the independent audit requirements under Articles 8 to 11 apply:
ចាប់ពីរយៈពេលគណនេយ្យឆ្នាំ ២០២៦ តទៅ។.
Prakas No. 563 MEF.PrK dated 10 July 2020 has been repealed, while existing implementing guidelines issued under that Prakas remain in force until they are replaced by new implementing guidelines.
Key Takeaway for Not-for-Profit Organisations
សម្រាប់ រយៈពេលគណនេយ្យឆ្នាំ ២០២៦ តទៅ, NPOs should assess their audit obligations at two separate levels:
- Individual projects — where total project cost exceeds KHR 2 billion; and
- The NPO’s annual financial statements — where annual expenditure exceeds KHR 3 billion, excluding separately audited projects, and average employees are 20 or more.
Management should not assume that an audit of the organisation automatically satisfies the separate statutory requirements applicable to individual qualifying projects, or vice versa.
NPOs should therefore identify qualifying projects early, calculate their annual expenditure and average employee numbers carefully, and plan audit engagements in sufficient time to meet the statutory completion and filing deadlines.
ឯកសារយោងផ្នែកច្បាប់៖ ប្រកាសលេខ ០៦៣ ចុះថ្ងៃទី១៨ ខែសីហា ឆ្នាំ២០២៦ ស្តីពីកាតព្វកិច្ចដាក់របាយការណ៍ហិរញ្ញវត្ថុប្រចាំឆ្នាំ និងដាក់របាយការណ៍ហិរញ្ញវត្ថុសម្រាប់សវនកម្មឯករាជ្យ។.
ទាញយកប្រកាសនៅទីនេះ៖
ការបដិសេធ៖ This article provides general information based on Prakas No. 063 and does not constitute legal, accounting or other professional advice. The application of the requirements should be considered based on the particular facts and circumstances of the organisation or project together with applicable Cambodian laws, regulations and ACAR implementing guidance.
