Cambodia KICPAA admitted as IFAC Associate Member

The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) of Cambodia is now an Associate Member of the International Federation of Accountants (IFAC). This was approved at the IFAC Council Meeting held on 12-13 November 2008 in Rome, Italy. KICPAA is the national body for the accounting profession in Cambodia. KICPAA represent its members, promotes and defends its statute and interest of the profession.

The Compliance staff in making their assessment had concluded that since KICPAA’s establishment on 2003, it has made significant and useful progress in terms of its core activities, its financial position, and representation of the profession. Cambodia was previously not represented in IFAC and including KICPAA as an Associate will encourage the body to further develop the profession on the country. Although KICPAA is still building its capacity and strengthening its activities, its responsiveness to developing its core activities suggest that it is demonstrating best endeavours at an Associate level.

Having been approved as an Associate, KICPAA will be required to participate in the Compliance Programme and develop an Action Plan to bring about further improvements to this developing profession.

For information on IFAC Membership Application Process, please follow this link http://www.ifac.org/About/Membership.php#Criteria.

KICPAA's CPA exams

KICPAA has submitted to the World Bank the action plan for the national CPA exams. Normally the first grant to implement this gigantic project will be put available before the end of this year.

Works of the committees

During this quarter the CPD committee has organized successfully two sessions of training within the framework of mandatory CPD programme. The enthusiasm of participants during these sessions is very encouraging for the sustainability of the CPD.

Other Cooperation

Within the framework of CPA Australia’s International Partnership Program, KICPAA has received again two scholarships for the first selection 2009. With this respect, they have selected two promising candidates to join the program (from February to May 2009). KICPAA wishes them good luck and hopes that they will bring us back to the country joy and pride.