Firms Need to Improve Accounting Standards

Cambodia’s businesses need to dramatically improve their accounting standards if they are to attract interest from investors abroad and reach the standards necessary to list on the recently launched stock market, experts and government officials said yesterday. Speaking at the National Conference on Accountancy in Phnom ...

KR Banking Chief Says Institution Was Sham

On his first day of questioning at the Khmer Rouge tribunal yesterday, Sar Kim Lomouth, the deputy director of the State Bank of Democratic Kampuchea, described how the national financial institution was nothing but a charade during the Pol Pot regime. Currency had been abolished and financial transactions eliminated under ...

Ministries' poor accounting leads to diverted emergency cash

Poor accounting practices by ministries between 2005 and 2010 required them to seek additional government funds to the tune of $578.79 million, which was reserved for national emergencies, according to a multi-year budget analysis released on Friday by the NGO Forum on Cambodia ...

BDO expands Cambodia operations

The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...

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