Background
On March 6, 2026, under the authorization of H.E. Bou Tharin, Director General of the Accounting and Auditing Regulator (ACAR), officials from the Department of Accounting and Auditing Profession Management attended a workshop regarding regulatory governance for audits that are not pre-approved beforehand. The workshop was presided over by H.E. Chhun Sambath, Head of the Internal Audit Unit of the Non-Bank Financial Services Authority (NBFSA).
Scope of Application
The workshop specifically targeted officers of subordinate units under the authority of the NBFSA. The focus was on the implementation of official guidelines, referred to as “Prakas,” concerning unannounced or non-pre-approved audits within these units.
Key Provisions or Decisions
The key directive discussed was the regulatory framework and mechanisms set out for executing unannounced audits, including guidelines and operational procedures as issued by the Internal Audit Unit of the NBFSA. These provisions aim at enhancing accountability and compliance among subordinate agencies of the NBFSA.
Implications for Investors, Businesses, or Compliance
The regulatory framework formalizes the approach for internal and external audit supervision within the NBFSA’s subordinate units, establishing clearer audit compliance standards. This has implications for financial services entities regulated under the NBFSA’s jurisdiction in ensuring adherence to audit protocols even when audits are not pre-scheduled.
Official Source
The original information is sourced from the official ACAR Facebook post dated March 9, 2026: https://www.facebook.com/acarcambodia/posts/pfbid02mzsJhzTw875vviXYBcf1G6wFfy6PvKUuTyFhTwRssesKH7uqThPU1MYYBQ8VGy6Vl.
