Background
The Accounting and Auditing Regulator (ACAR) of the Non‑Bank Financial Services Authority organized a workshop on 29 July 2026 to disseminate the Sub‑Decree on Administrative Penalties for Violations of the Law on Accounting and Auditing. The event was presided over by H.E. Bou Tharin, Director General of ACAR, and was attended by approximately 250 participants including management, officials, and members of the public.
The Sub‑Decree defines offenses, measures, and penalty amounts for enterprises, non‑profit entities, accountants, and auditors as part of the enforcement framework for the Law on Accounting and Auditing. The instrument also introduces a set of flexible and lenient mechanisms intended to ease the compliance burden for enterprises and non‑profit entities while promoting transparency, accountability, and efficiency.
Scope of Application
The Sub‑Decree applies to enterprises, non‑profit entities, certified accountants, and auditors operating under the Law on Accounting and Auditing. ACAR, as the relevant regulator within the Non‑Bank Financial Services Authority, is the institutional anchor charged with explaining and promoting implementation of the new administrative penalty framework.
Key Provisions or Decisions
The Sub‑Decree sets out categories of violations, administrative measures, and corresponding penalty ranges for non‑compliance with accounting and auditing obligations. It incorporates compliance‑support measures described by ACAR leadership as flexible and lenient to facilitate adherence by private sector and non‑profit actors. The instrument is positioned by ACAR as consistent with the Accounting and Auditing Sector Development Strategy 2025–2035, which frames system objectives around strength, transparency, and trustworthiness.
Implications for Investors, Businesses, or Compliance
Businesses and auditors should expect a formal administrative framework that clarifies offenses and associated penalties while offering mechanisms intended to reduce procedural burden. The regulator frames the Sub‑Decree as encouraging a shift toward an accounting culture through cooperative engagement between the private sector and government under the approach of “Thinking Together, Acting Together, and Sharing Responsibility.” Entities subject to the Law on Accounting and Auditing will need to review internal compliance processes to align with the Sub‑Decree’s requirements and any guidance published by ACAR.
Official Source
Source: Accounting and Auditing Regulator (ACAR) Facebook post, 29 July 2026 — https://www.facebook.com/acarcambodia/posts/pfbid02wW2G9ByPia2owzmSp4uT1AGhVDYfD5bVZAnh5vs4e36wkf2JF6u39R3oPfTdfWRDl
