|Extent of IFRS application||Status||Additional Information|
|IFRS Accounting Standards are required for domestic public companies||IFRS Standards adopted without modification as Cambodian International Financial Reporting Standards (CIFRS) are required.|
|IFRS Accounting Standards are permitted but not required for domestic public companies|
|IFRS Accounting Standards are required or permitted for listings by foreign companies||Required.|
|The IFRS for SMEs Accounting Standard is required or permitted||Required for some, permitted for others.|
|The IFRS for SMEs Accounting Standard is under consideration|
Profile last updated: 16 June 2016
The National Accounting Council has fully adopted IFRS Standards and the IFRS for SMEs Standard without modifications. This has been set in regulation by a Ministry of Economy and Finance proclamation (in Cambodia referred to as a ‘Prakas’) dated 8 January 2009. The standards were thereby renamed Cambodian International Financial Reporting Standards (CIFRS). The dates for companies to implement CIFRS and CIFRS for SMEs was then set by an announcement/notification of the Ministry and Economy and Finance dated 28 August 2009. The date for application of full IFRS Standards in Cambodia was set for periods beginning on or after 1 January 2012.
The IFRS for SMEs Standard has been translated into Khmer (the Cambodian language) and published.
Full IFRS has been translated into Khmer, but has not yet been published.