On 04 July 2026, VSD Audit and Assurance was pleased to participate in a special seminar organised in collaboration with the Institute of Finance and Accounting (IFA), where VSD delivered a technical session on “Decision Framework for the Adoption of CIFRS for SMEs and Full CIFRS.”

The session was presented by Ms. Fong Vathana, ACCA, CPA, our partner. It focused on practical considerations for selecting the appropriate financial reporting framework in Cambodia, including regulatory requirements, public accountability, business complexity, users of financial statements, financing needs, and implementation readiness.

The discussion also highlighted that choosing between 中小企业国际财务报告准则 和 全面国际财务报告准则 should not be based only on company size. Instead, management should carefully assess the nature of the entity, stakeholder expectations, future growth plans, and the cost-benefit of implementation. The session also touched on key updates from the latest IFRS for SMEs Standard and the importance of early preparation for entities that may be affected by future changes.

Through this session, VSD reaffirmed its commitment to supporting high-quality financial reporting, practical technical knowledge, and stronger compliance with Cambodian accounting standards. VSD believes that a well-considered reporting framework decision can help enhance transparency, improve audit readiness, and provide more useful financial information to owners, lenders, investors, and other stakeholders.

VSD Audit and Assurance Co., Ltd. would like to sincerely thank the Institute of Finance and Accounting (IFA) for the opportunity to contribute to this meaningful seminar, and all participants for their active engagement and interest in strengthening financial reporting practices in Cambodia.