The Continuing Professional Development (CPD) Program on “Standard Operating Procedure (SOP) of Tax Audit for Tax Officers and Taxpayers”
On the morning of Tuesday, 12 November 2024 from 9:00 AM to 11:00 AM, The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) in cooperation with the General Department of Taxation hosted a webinar as part of the Continuing Professional Development (CPD) Program on “Standard Operating Procedure (SOP) of Tax Audit for Tax Officers and Taxpayers” with our expert speaker, representative of General Department of Taxation, Mrs. Ouk Polita, Deputy of Department of Large Taxpayer.
This webinar was organized
1. to inform taxpayers and the general public about the tax audit function, types and rules
2. procedures of tax audit, rights, authority
3. obligations, code of conduct and professionalism, monitoring and evaluation mechanisms, and reporting and appeal mechanism.
The webinar was successfully held with the interest of 605 participants.
From Wednesday to Friday, 6th–8th November 2024, Mr. Khun Darith, President of KICPAA, and delegates from the Accounting and Auditing Regulator, led by H.E. Bou Tharin, Director General of the Accounting and Auditing Regulator, attended the 41st International Standards of Accounting and Reporting (ISAR) Meeting which is an Intergovernmental Working Group of Experts established by ECOSOC in 1983. Cambodia has become a member of ISAR since 1st January 2024. Held in Geneva, Switzerland, the meeting focused on two main topics:
1) Reviewing progress in the harmonization and practical implementation of sustainability reporting, assurance, and ethical considerations;
2) Integrating reporting on the financial and sustainability performance of entities, with a focus on leveraging digitalization.
Please be informed that Cambodia is prepared to implement the Sustainability Reporting Standard to support the achievement of the Cambodia Sustainable Development Goals (2016–2030).
The Continuing Professional Development (CPD) Program on “Updates on laws and regulations on taxation”
On Friday, 8 November 2024 from 9:00 AM to 11:50 AM, The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) in cooperation with the General Department of Taxation hosted a webinar as part of the Continuing Professional Development (CPD) Program on “Updates on laws and regulations on taxation” with our expert speaker, representative of General Department of Taxation, Mr. Chhay Cheaheng, Deputy of Department of Large Taxpayer. This webinar was organized to updates on laws and regulations on taxation to ensure that taxpayers implement their obligations correctly by the laws and regulations on taxation. The webinar was successfully held with the interest of 1000 participants.
On the morning of Thursday, 31 October 2024, the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) organized an Membership Induction Course for 55 new members in 2024 at the Himavari Hotel. This training aims to introduce the understanding of the Institute, its membership & obligations, the Continuing Professional Development (CPD) policy, Accounting Technician Qualification (ATQ) to members, and especially congratulations to the new members. As a result of this training, all the new members who participated were proud to be members of KICPAA and committed to participate in additional self-development on a regular basis with various training courses organized by KICPAA. The program ended with fruitfulness, fun, and networking.
On the morning of Wednesday, 30 October 2024, from 9:00 to 10:35, in cooperation with the Ministry of Commerce, the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) hosted a webinar on the “Procedure for New Company Registration and Dissolution.” The webinar was honored by H.E. BUON Sarakmony, Secretary of Commerce, and aimed to raise awareness about the procedures for new company registration and dissolution for businesses and investors. As a result, the webinar was successfully conducted, attracting the interest of 820 participants.
The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) with the collaborations from PKF Covenant Co., Ltd. hosted a physical workshop on “CIFRS 15” on Thursday 24 October 2024 from 9:00 AM to 5:00 PM at Phnom Penh Hotel.
The workshop is a part of the Continuing Professional Development (CPD) Programme for KICPAA Members and the growing accountancy industry in Cambodia.
The workshop was successfully conducted with significant excitement and interest by 36 participants from KICPAA Members, Accountants, Auditors, Finance teams, Senior Management, and other related fields.
On Thursday and Friday, October 17-18, 2024, at Diamond Island Convention and Exhibition Center, Accounting and Auditing Regulator (ACAR) in collaboration with Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) and ACCA Cambodia, co-organized the Cambodia Accounting Forum 2024 under the theme “Roles of Accounting & Financial Technology in Cambodia 2030 Vision”. This forum was highly presided over by H.E. NGY TAYI, Secretary of State of the Ministry of Economy and Finance, and the member of the Non-Bank Financial Services Authority, highly representative of H.E. Academician AUN PORNMONIROTH, Deputy Prime Minister and Minister of the Ministry of Economy and Finance, and the Chairman of the Non-Bank Financial Services Authority, accompanied by H.E. BOU THARIN, Director General of the Accounting and Auditing Regulator.
This first National Accounting Forum was held to focus on:
– An overview of policies, regulations, and development plans for the financial sector, accounting, and financial technology aligned with Cambodia’s Vision 2030.
– The launch of financial statements for small and medium enterprises and not-for-profit entities.
– Results of a study on the use of technology by accounting and auditing firms in Cambodia
– Sharing experiences, opportunities, and challenges in implementing financial reporting standards
– Results of the study on the future of financial functions in 2030
– The importance of skills development and qualifications in achieving Cambodia’s Vision 2030.
Additionally, Mr. KHUN Darith, President of KICPAA, Mrs. SAVUTH Daly, Executive Director of KICPAA, and Mr. Chea Thourn, Education of KICPAA, contributed valuable insights as presenters and panelists during the forum.
This forum is attended by His and Her Excellencies, the Secretary of State and Under-Secretary of State, as well as management and officials from the Ministry of Economy and Finance, representatives from other relevant line ministries, business owners, representatives of not-for-profit entities, and esteemed guests from both national and international backgrounds, totalling 2,650 participants.
On Friday morning, 11 October 2024, the signing ceremony of the Memorandum of Understanding (MoU) between Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) and Cambodian Mekong University (CMU) on the acceptance of the ATQ Program and recognition of Cambodian Mekong University as an ATQ Training Organization was hosted at the meeting hall of Cambodian Mekong University at 10:00 AM.
This collaboration marks a significant step forward in enhancing the harmonization of accounting programs and equipping students with career readiness skills to become qualified accounting technicians.
On Tuesday afternoon, 8 October 2024, the signing ceremony of the Memorandum of Understanding (MoU) between Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) and P A T Professional Limited was hosted at the KICPAA meeting room at 2:00 PM. The MoU was signed for the students studying the ATQ program to be interns at P A T Professional Limited, an active member of KICPAA in providing accounting and auditing services. This MoU also means that P A T Professional Limited will encourage staff to study and take exams in the ATQ program.
This collaboration marks a significant step forward in equipping students with career readiness skills to become qualified accounting technicians.
The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) held a webinar titled “Step Guide to a Successful Accounting Systems Implementation” on Monday, 7 October 2024 from 9:00 AM to 11:30 AM. The webinar is a part of the Continuing Professional Development (CPD) Programme for KICPAA Members and the growing of accountancy industry in Cambodia.
The webinar attracted 250 participants, who engaged with great enthusiasm and interest, making it a resounding success.
The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) hosted a 2 days physical workshop on “Audit Practice Manual (APM)” on Thursday & Friday, 26 & 27 September 2024 from 8:30 AM to 5:00 PM at Phnom Penh Hotel. The workshop is part of the Continuing Professional Development (CPD) Program for KICPAA Members and the growth of accountancy sector in Cambodia.
The workshop was successfully conducted with significant excitement and interest by 49 participants from KICPAA Members, KICPAA firm Member, and general audiences.
The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) in collaboration with the Accounting and Auditing Regulator (ACAR), hosted a webinar “KICPAA Membership and ACAR Licensing” on Thursday, 19 September 2024 from 9:00 AM to 11:24 AM. The webinar were presented by our honorable speakers Miss. Koeng Keo Pisey, Membership and Registration Executive of KICPAA, and Mr. Sun Soem, Head of License Office of ACAR. The webinar provided an insight of KICPAA membership and ACAR licensing. It was a successfully webinar with 275 participants.
On Wednesday morning, 18 September 2024, the signing ceremony of the Memorandum of Understanding (MoU) between Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) and Royal University of Law and Economics (RULE) on the acceptance of the ATQ Program and recognition of Royal University of Law and Economics (RULE) as an ATQ Training Organization was hosted at the meeting hall of Royal University of Law and Economics at 10:00 AM.
This collaboration marks a significant step forward in enhancing the harmonization of accounting programs and equipping students with career readiness skills to become qualified accounting technicians.
On Thursday afternoon, September 12, 2024, the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) successfully conducted the Training of Trainers (TOT) under the topic “The Update of Accounting Regulations in Cambodia” which was presided over by Mrs. Savuth Daly, Executive Director of KICPAA, accompanied by Mr. Chea Thourn, Education Director of KICPAA, and Mr. Soeun Beaute, Deputy Director of Legal and Compliance Department of ACAR & also the speaker at Phnom Penh Hotel. This training was attended by 37 lecturers from 19 higher education institutions. As a result, this training course improved lecturers’ capacity on:
– Insight the accounting and auditing law
– The update of accounting and auditing regulations in Cambodia
– Teaching on accounting effectively.
The training ended at 4:40 PM with a fruitful and happy moment.
