The National Assembly this week has been debating a proposed law that would form an independent body to conduct audits of all government budgets and business enterprises.
Because the National Auditing Authority is envisioned to function independently from the government, the body would ensure that government revenues are not lost because of corruption, according to Minister of Finance Keat Chhon.
“This auditing law is very important for Cambodia to manage its economic activity in a transparent manner,” Keat Chhon told National Assembly members Tuesday.
The National Auditing Authority would be required to report its findings to the National Assembly. Under the proposal, the annual bill establishing the national budget would also be reviewed by the authority.
Several parliamentarians, including opposition leader Sam Rainsy, expressed their support for the law.