Publication: Cambodia - Report on the Observance of Standards and Codes (ROSC): Accounting and Auditing
Date
2021-11
ISSN
Published
2021-11
Author(s)
World Bank
Abstract
Cambodia has achieved remarkable
economic development and political stabilization in recent
years. Continuous high growth has heightened demand for high
quality financial reporting and auditing in the corporate
sector and in the government sector. This report on the
observance of standards and codes accounting and auditing
(ROSC A and A) report assesses the significant progress in
the institutional framework for A and A since the previous
ROSC A and A report in 2007. It analyses the accounting
frameworks of listed companies, the banking and insurance
sectors, state-owned enterprises (SOEs), and micro, small,
and medium enterprise (MSMEs). The current report seeks to
support the ongoing development of the financial reporting
institutional framework in line with Cambodia’s national
strategic development plan (NSDP) 2019-2023, which features
good governance as a cross cutting theme. The report
summarizes key findings, identifies gaps, and makes
recommendations for consideration by the authorities to
improve alignment with international standards and good
practice. Unless otherwise specified, data and statistics
quoted in this report relate to the 2019 calendar year. This
reflects the data that was available and or applicable at
the time the analysis was done.
Citation
“World Bank. 2021. Cambodia - Report on the Observance of Standards and Codes (ROSC): Accounting and Auditing. © World Bank, Washington, DC. http://hdl.handle.net/10986/37128 License: CC BY 3.0 IGO.”