Audit and other attestation services

Audit is one of BDO’s core business activities. In accordance with Prakas no. 643 of the Ministry of Economy and Finance, all enterprises that meet two of the three criteria below shall submit their annual financial statements to be audited by an independent auditor registered with the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA):

• annual turnover above 3,000,000,000 Riels (approximately US$750,000)
• total assets above 2,000,000,000 Riels (approximately US$500,000)
• more than 100 employees

We have knowledgeable, skilled and experienced people who stay abreast of accounting developments and have access to state-of-the-art auditing technology in carrying out our audit effectively and efficiently. Our risk-based audit approach focuses on business drivers, the associated risks, and the potential effects on the financial statements. It also permits us to consider established facts objectively in arriving at an unbiased audit opinion.

In addition, we provide constructive suggestions for improving internal controls on financial reporting that add value to our client’s businesses. We also provide continuous technical support through our internal technical and training unit to keep our clients abreast with up-to-date changes to the accounting standards and reporting requirements.