Audit and Finance Committee

1. Background 

The Board of Directors of Cambodia Microfinance Association (“The Association”) established the committee of the board of directors to be known as the Audit and Finance Committee on 12 March 2024.

The committee is one of the key committees of the Association to oversee the overall financial management of the Association which including financial risk management, Annual Operation Budget, internal control system, overview the external audit function, discharge of the statutory audit and assist the board of directors in carrying out its duties regarding financial report and compliance with laws and regulations. The committee is not a decision- making committee but reports to and make recommendation to the Cambodia Microfinance Association (CMA) Board of Directors. 

2. Purpose of the Committee

The purpose of the Committee is to monitor and ensure that all elements of financial information to be disclosed and reported by the Association to stakeholders are complete, transparent, accurate, reliable, relevant and in a timely manner.

3. Committee Composition:

Chairman:

• Mr. KHOU Buntry, CMA Board Member and CEO of FUNAN Microfinance PLC.

Vice-Chair:

• Mr. PA Ponnak Rithy, CMA Board Member and Board of Director of Maxima Microfinance Institution

Member:

• Mr. SIM Senacheert, CMA Board Member and CEO of First Finance Microfinance Institution Plc
• Mr. KHENG Tilen, CMA Board Member (representative of Leasing Institutions) and CEO of BSP Finance (Cambodia) Plc

Invitee

• Mrs. VATH Sovanna, Head of Accounting and Finance Department of CAMMA Microfinance Plc.
• Mr. SOK Sophal, DCEO of LOLC (Cambodia) Plc.

Committee Structure