Accounting Environment in Cambodia

In the area of Accounting and financial reporting in Cambodia,major changes have taken place in recent decades, particularly in regard to regulatory structure and standards setting in the public and private sectors. Given the current trend towards the globalisation of capital markets and the importance of foreign investments to developing countries in general, Cambodia can expect to be under increasing pressure to fully adopt internationally acceptable accounting and auditing standards and to ensure that the regulatory mechanisms in place are adequate and effective for enforcing such standards.