Background
On 10 February 2026, H.E. Bou Tharin, Director General of the Accounting and Auditing Regulator, joined a consultation workshop on the National Strategy for the Development of Micro, Small and Medium Enterprises (MSMEs) 2026–2030. The event was held under the high presidency of H.E. Hem Vanndy, Minister of Industry, Science, Technology and Innovation, at Sokha Phnom Penh Hotel & Residence.
Key Provisions or Decisions
During the workshop, H.E. Bou Tharin highlighted the critical role of maintaining proper accounting records and preparing accurate financial statements. These practices are vital to improving MSMEs’ ability to secure additional financing through financial institutions and the capital market. He proposed that adherence to sound accounting and financial reporting be included as specific measures within the MSME development strategy.
Implications for Investors, Businesses, or Compliance
This emphasis on rigorous accounting standards aligns with efforts to formalize and strengthen MSMEs, improving their credibility and financial transparency. For investors and financial institutions, it signals a move toward more reliable financial disclosures from MSMEs, which could facilitate increased lending and investment. Businesses should prepare to enhance their accounting capabilities to meet these proposed development measures and access greater financial resources.
Official Source
Source: Accounting and Auditing Regulator Facebook post
