INTRODUCTION

For every financial professional, accounting is far more than a mere administrative requirement; it is a “monetary scorecard” that validates a company’s past performance and illuminates its future trajectory. In the Kingdom of Cambodia, the Accounting and Auditing Regulator serves as the central authority overseeing this scorecard, ensuring that the nation’s businesses speak a global financial language. Since the full adoption of Cambodian International Financial Reporting Standards in 2012, Cambodian Public Interest Entities (PIEs)— including listed companies, banks, microfinance deposit- taking institutions (MDIs), and insurance firms—have operated under a regulatory framework designed to foster transparency and investor confidence. However, a fundamental shift is approaching: the International Accounting Standards Board (IASB) has issued IFRS 18 Presentation and Disclosure in Financial Statements, a landmark standard that will replace the long-standing IAS 1 Presentation of Financial Statements.

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