Auditing and accounting services

• External audit and related services

Thai & Lor’s audit mission is to provide quality audit services to its clients. To achieve this, Thai & Lor has developed an audit approach which is in compliance with the International Standards on Auditing. This audit approach not only looks at discrete numbers in the financial statements, but also places particular emphasis on the control of business risks and changes, taking into consideration of business processes and Information Technology environments.

We believe this audit approach will align us closer to the way in which our client operates, providing us more time to spend on more risky areas and further adding value by way of recommendations after completion of our audit.

Our key services include:

• Statutory/regulatory audit
• Compile and present financial information
• Special purpose audit engagements
• Examination of prospective financial information
• Review financial statements
• Agreed-upon procedures regarding financial information
• Development performance metrics internal audit function
• Internal audit

Risk management and security assurance are critical to all businesses. There is an increased demand in accountability and effective internal controls by legislators, investors, regulators, customers, donors and the public as a whole. Therefore, proactive risk assessment and sound risk management enable clients to keep their business successful.
Thai & Lor provides a broad range of solutions to companies seeking to strengthen their internal control, risk monitoring and strategic risk management capabilities.

Our key services include:

• Development performance metrics internal audit function
• Assess and design internal audit organization structure
• Work with existing internal audit organization to integrate specialized capabilities
• Integrate information systems and technology audit capabilities into an existing internal audit program
• Internal audit benchmarking and best practices reviews
• Internal audit assessments
• Internal audit technology solution
• Social compliance audit

Most buyers usually set out a number of strict requirements in their codes of conduct for their suppliers to comply with. One of these requirements is the compliance with Cambodian labor laws and regulations. To help our clients to win the supply contracts from the buyers, Thai & Lor provides social compliance audit to its clients to assess their current compliance positions.

• Accounting services

Many small businesses choose to outsource their accounting functions to third party professional accounting firms. Thai & Lor is one of the accounting services providers in Cambodia. Thai & Lor ensures that the accounting treatments and practices are in accordance with relevant internationally recognized accounting standards as well as Cambodian Accountings Standards (CAS). Thai & Lor provides monthly, quarterly, semi-annually and/or annually accounting services for our clients depending on their requirements.

• Thai & Lor also provides professional accounting software solution. The accounting software we are providing is user-friendly, inexpensive and suitable for Small and Medium Enterprises (SMEs).