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. Hor Bunthe, CMA Board Member and DCEO of Wing Bank Plc.

Vice-Chair:

• Mr. SIM Senacheert, CMA Board Member and CEO of First Finance Microfinance Institution Plc

Member:

• Mr. CHHOY Bunnak, CMA Board Member (representative of Leasing Institution)  and CEO of Mega Leasing Plc.

Invitee

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

Secretariat

• Ms. PHENG Vouchnice, Head of Finance and Membership Department of Cambodia Microfinance Association  (CMA)

Committee Structure