Importance of Prakas No. 005 on the Preparation of Annual Financial Statements of Real Estate Developers in Cambodia

The Real Estate Business & Pawnshop Regulator has issued a notification dated 2 April 2026 regarding the implementation of Prakas No. 005, អ.ស.ហ.ប្រ.ក dated 8 January 2026, approved by the Non-Banking Financial Services Authority (FSA).

This Prakas establishes the requirement for real estate developers to prepare annual financial statements in accordance with applicable laws and regulations. The objective is to strengthen transparency, accountability, and efficiency in financial reporting within the real estate sector in Cambodia.

Compliance with this regulation is important because reliable financial statements support:

greater confidence from regulators, investors, and financial institutions

improved governance and financial discipline

better access to financing and investment opportunities

a more transparent and sustainable real estate market

Real estate developers are therefore strongly encouraged to ensure that their accounting records and financial statements are properly prepared and compliant with the new requirements.

This regulatory development reflects the continued commitment of Cambodian authorities to enhance financial reporting quality and promote public trust in the real estate sector.

Real estate developers and the general public are advised to take careful note of this important requirement and ensure timely compliance.

Check out the detail of Notification in English here and in Khmer below

Fong Vathana, ACCA

With over 13 years of experience in audit, assurance, and advisory services across diverse industries, Vathan provides practical insights, strong technical expertise, and high-quality professional solutions tailored to clients’ needs.

Vathan holds degrees in TEFL and Finance, is ACCA-qualified, and has completed the Strategic Executive Program at Harvard Online. He is a licensed auditor (ACAR), a registered tax agent (GDT), and a member of ACCA and KICPAA.

As Partner and CEO of VSD Audit and Assurance Co., Ltd., Vathan leads the firm in delivering trusted audit, compliance, tax, and advisory services that support clients’ sustainable growth.