Background
The Accounting and Auditing Regulator operates as the designated recipient of registration and reporting updates from enterprises and non-profit entities under Cambodia’s accounting framework. The Accounting and Auditing Regulator receives updated registration information from enterprises and non-profit entities as part of statutory compliance obligations.
Sub-decree No. 102 on penalties relating to the accounting and auditing law sets out the legal consequences for non-compliance with reporting obligations. Failure to update required registration information is classified as an act of obstruction under Article 3 of Sub-decree No. 102.
Scope of Application
The obligation to notify the Accounting and Auditing Regulator applies to enterprises and non-profit organisations that are subject to Cambodia’s accounting and auditing legal framework. Changes that typically require notification include revisions to registered contact details, legal representatives, or other company records that the regulator holds for oversight and record-keeping purposes.
Key Provisions or Decisions
The regulator’s guidance clarifies that enterprises and non-profit entities must submit updates to their registered information to the Accounting and Auditing Regulator. Where an entity does not provide required updates, the matter is governed by the penalty provisions referenced in Sub-decree No. 102, specifically Article 3 concerning obstruction.
Implications for Investors, Businesses, or Compliance
Maintaining current registration records with the Accounting and Auditing Regulator is a compliance requirement for businesses and non-profit organisations operating in Cambodia. Entities should review internal procedures for updating regulator-held records to avoid classification under the obstruction provision of Sub-decree No. 102 and any administrative actions that the law prescribes.
Official Source
Notification published by the Accounting and Auditing Regulator on its official Facebook page: https://www.facebook.com/acarcambodia/posts/pfbid035GfLkZaZjFaa4b4gbJQtrVu6bKo8avsRrvyTQ8DFdjdQiWnh7MzE8mCndBEdkBpjl
