ABSTRACT
In the 1970s the Khmer Rouge regime, led by Pol Pot, destroyed most of the professionals in all disciplines in Cambodia including accountants as well as the social and physical infrastructure in the country. Subsequently, the economy was rebuilt with the help of the Vietnamese, Western countries and donor agencies such as the World Bank and the Asian Development Bank. The accounting profession was rebuilt but there have been comments that the Kampuchea Institute of Certified Public Accountants and Auditors remains relatively weak. Accounting and financial policies are mainly handled by the Cambodian government. Public sector accounting is highly influential on economic performance in Cambodia.
