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In 2003, CamEd established the first CPA training program in Cambodia and continues to expand this offering. We supply training and research services to private companies, NGOs and the Royal Government of Cambodia. In addition, CamEd introduces novel training programs to support SME s, enhance government transparency, and spur economic development.
In Cambodia, competency means competitive advantage. The Cambodian government continues to use an outdated paper-based system of recording cash-only money transfers and accounts with no accruals. Consequently, this difficult-to-manage-and-interpret system is open to corruption. NGOs and private companies are hugely inefficient in the areas of financial management and accounting, producing many barriers to operating in Cambodia and, as a result, companies look abroad to recruit human resources. With the support of volunteer teachers at CamEd, Cambodians can implement accounting and auditing standards themselves; consequently, global investors will be able to make a sensible analysis of financial reports produced by local companies. Our students are given the opportunity to learn these skills. Their empowerment will provide for the passing-on of knowledge necessary for their country
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