The Accounting and Auditing Regulator (“ACAR“), under the Non-Bank Financial Services Authority (“FSA“) issued Instruction No. 0.11/26 on 10 March 2026, establishing formal procedures for enterprises and non-profit organizations ceasing business or operational activities. This directive ensures compliance with the Accounting and Auditing Law, addressing prior instances of incomplete notifications or misunderstandings of statutory obligations.
Key Obligations
Entities must maintain proper accounting records, prepare financial statements per applicable accounting standards, submit to independent audits where required, and file reports with ACAR within prescribed deadlines. Non-compliance risks administrative sanctions, underscoring the need for these clarified guidelines.
Submission Procedures
Entities shall submit a formal administrative letter to ACAR at least 60 days prior to the annual financial statement submission deadline, accompanied by the payment of service fee as per ACAR’s Public Service Announcement. Required attachments include: a copy of the Financial Reporting Identification Number (FIN) certificate; receipts confirming payment submitted with filing prior years financial report; a copy of outstanding financial statements (if any); and copies of cessation of business notifications to relevant authorities, if applicable.
Completion and Consequences
All delinquent financial statements from prior periods must be filed to finalize cessation approval. Failure to notify within the stipulated timeframe results in the entity being deemed operationally active, with continuing legal obligations.
Bookkeeping services, required to be undertaken by a licensed firm in Cambodia, are provided by Mekong Accounting Services Co., Ltd, a member of the DFDL group, a corporate member of the Kampuchea Institute of Certified Public Accountants and Auditors and licensed by the Accounting and Auditing Regulator of Cambodia.
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