Gap Analysis to build EDC capacity building in preparation of financial reports in full compliance with International Financial Reporting Standards

Date: June 23, 2026 CAMBODIA Project Name : Cambodia Sustainable Energy Transition Project Grant No. : E5130 Assignment Title : Gap Analysis to build EDC capacity in preparation of financial reports in full compliance with International Financial Reporting Standards LOI No. : CSET-EDC-CS05 The Electricité du Cambodge (EDC) has obtained a grant from the World Bank’s Grant Facility for Project Preparation (GFPP) under the Cambodia Sustainable Energy Transition Project (CSET) and intends to apply part of the proceeds for consulting services. The CSET project aims to advance government objectives by reinforcing the national power grid, improving energy efficiency, and encouraging affordable, cost-effective demand-side energy management to guarantee stable, resilient, and affordable electricity services. The expected main outcome of this consultancy is to help EDC enhance its preparedness for transitioning from the current CIFRS for SMEs to the CIFRS for SMEs (Third Edition) and ultimately to full IFRS, thereby boosting transparency, governance, and confidence among stakeholders. The primary beneficiaries are EDC, the Ministry of Mines and Energy (MME), and current and prospective investors. The consultant’s specific objective is to carry out a thorough gap analysis comparing EDC’s existing financial reporting practices against the CIFRS for SMEs (Third Edition) and full IFRS standards, and to provide actionable steps to close any gaps. The consultant must also create a compliance roadmap for adopting CIFRS for SMEs (Third Edition) and full IFRS, which should include an outline of necessary capacity-building measures and system improvements so that EDC can produce financial statements fully aligned with those standards. Ultimately, this work will help EDC move toward global best practices, improve financial openness, and strengthen stakeholder trust in its operations. The assignment is scheduled to begin in July 2026 and will run for 8 months, with the possibility of an