Background
The Accounting and Auditing Regulator (ACAR) participated in an International Monetary Fund (IMF) technical mission from 26 August to 16 September 2026 focused on implementing Cambodian Public Sector Accounting Standards (CPSAS) and related treasury arrangements. The ACAR is the central technical authority responsible for issuing guidance and supporting the adoption of public sector accounting standards in Cambodia.
A Treasury Single Account (TSA) is a consolidated government bank account structure used to centralize cash balances and improve fiscal cash management and reporting. The IMF mission included topics such as budgetary accounting, debt data reconciliation, cash outside the TSA, and financial reporting for the 2025 fiscal year to support consistent application of CPSAS across ministries and the National Bank of Cambodia.
Key Developments
Officials from ACAR, led by Deputy Director Heng Samnang with approval from Director General Bou Tharin, joined online sessions on 26–27 August 2026 that formed part of the IMF mission. The agenda covered nine technical topics: budgetary and general accounting; reconciliation of debt statistics; cash outside the TSA; new guidelines on related-party disclosures; selection of trial-balance accounts related to debt; financial reporting for the 2025 fiscal year; cash treatment under international public sector accounting standards (IPSAS/CPSAS perspective); existing TSA structure; and an overview of government deposits.
Institutional Role
ACAR’s role in the mission was to engage with IMF advisors and coordinate technical training for units under the Ministry of Economy and Finance (MEF) and the National Bank of Cambodia (NBC). The MEF maintains primary responsibility for fiscal policy and budget execution, while the NBC operates central banking functions and hosts government accounts under current arrangements.
Operational Implications
The mission was designed to strengthen technical understanding and promote consistent compliance with CPSAS through stakeholder discussions and training modules. Participants addressed practical items that affect accounting workflows, including how cash balances are reported relative to the TSA and how selected trial-balance accounts feed into fiscal reporting for 2025.
Source
Original summary published by the Accounting and Auditing Regulator on its official social channel: ACAR Facebook post, 28 Aug 2026.
