REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) ACCOUNTING AND AUDITING - Cambodia - November 2021 - assessment report on accounting and auditing standards

Jul 19, 2026

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Reports on the Observance of Standards and Codes (ROSC) Accounting and Auditing (A&A) assess how financial reporting and auditing standards, institutions, and practices operate in participating countries. This Cambodia report evaluates corporate-sector requirements and practices and identifies areas to strengthen the institutional environment for accounting and auditing. It uses international benchmarks, including IFRS and ISA, and updates an earlier 2007 assessment based on a formal request from the Royal Government of Cambodia.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages122

Reading Time5 h 7 min

AccessFree to download

Preface

Assessment scope and benchmarks

Acknowledgments

Review timeline and contributing institutions

Abbreviations and Acronyms

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) ACCOUNTING AND AUDITING Cambodia November 2021 REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) ACCOUNTING AND AUDITING Cambodia November 2021 Standard Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Copyright Statement: The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work andwill normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, [http://www.copyright.com/](http://www.copyright.com/) . All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail [pubrights@worldbank.org](pubrights@worldbank.org). PREFACE Reports on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) assess financial reporting and auditing standards, institutions, and practices in participating countries. These reports form part of a joint initiative implemented by the World Bank and the International Monetary Fund to review the quality of implementation of internationally recognized standards and principles in 12 key areas (the ROSC program) with a view to promoting financial and economic stability. This report provides an assessment of financial reporting and auditing requirements and practices within the corporate sector in Cambodia and sets forth areas for consideration for improving the institutional environment for accounting and auditing. The ROSC A&A uses international benchmarks of good practice governing financial reporting and auditing in the assessment, including International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) . This report updates an earlier assessment which was published in 2007 and was undertaken following a formal request from the Royal Government of Cambodia. The report was conducted as part of the Strengthening Public Financial Management & Public Sector Performance for Improved Public Service Delivery Trust Fund in Cambodia, under a multi-donor trust fund contributed to by the European Union and the Government of Australia. ACKNOWLEDGMENTS The ROSC A&A was conducted at the request of the Royal Government of Cambodia from November 2019 to March 2021. All findings reflect this period of the review and some stated future events may have occurred by publication date. The World Bank team was led by Tran Thi Phuong Mai (Senior Financial Management Specialist) and Andrei Busuioc (Senior Financial Management Specialist) and included Sophear Khiev (Financial Management Analyst), Michael Wells (Consultant), Darrel Scott (Consultant), and Monileak Siem (Consultant) . The team worked under the direct supervision of Fily Sissoko (Governance Practice Manager, East Asia and the P

FAQs

What is the purpose of the ROSC Accounting and Auditing (A&A) program in Cambodia?

The report assesses financial reporting and auditing requirements and practices in Cambodia’s corporate sector and highlights areas to improve the institutional environment for accounting and auditing.

Which international standards does the ROSC A&A assessment use?

It applies international benchmarks of good practice governing financial reporting and auditing, including IFRS and International Standards on Auditing (ISA).

When was the ROSC A&A review conducted and who led the World Bank team?

The review ran from November 2019 to March 2021. The team was led by Tran Thi Phuong Mai and Andrei Busuioc.

Jul 19, 2026

Upload by Liam