AGA expands to Cambodia with the appointment of Advance Grand Formula
29 January 2024
Alliott Global Alliance (AGA) has expanded its presence in South East Asia through the appointment of audit, accounting, and tax firm Advance Grand Formula Co., Ltd (AG), based in Phnom Penh, Cambodia.
This appointment ensures a strong accounting presence in an emerging jurisdiction in South East Asia and further strengthens AGA’s coverage across the Asia Pacific region.
The fast-growing firm’s affiliation with AGA immediately expands their reach to 300 offices in over 95 countries. The strategic move also ensures the firm’s clients have access to not only accounting, tax, audit, and business advisory services almost anywhere in the world but also to legal services, all delivered to a uniformly high standard.
A relatively new firm founded in 2021, AG is already recognized among the country’s Tier 3 accounting firms and their ambitious leadership team, all with Big Four backgrounds and headed up by Managing Partner Victor Heng, plans to increase the firm’s headcount from 20 to 50 in the next few years. Clients serviced by the firm are mainly from the manufacturing, construction, not for profit, retail and trading and hospitality sectors.
The firm is an active member of the Kampuchea (Cambodia) Institute of Certified Public Accountants and Auditors, (KICPAA), the Association of Chartered Certified Accountants (ACCA), the Institute of Certified Management Accountants Australia, (ICMA), the Association of Certified Fraud Examiners, (ACFE) and the European Chamber of Commerce in Cambodia.
Business can be conducted at AG in the Mandarin, Khmer, and English languages.
Managing Partner Victor Heng commented:
“By joining the alliance, we can now work with multiple colleagues across the world to offer our clients assistance where they have operations outside of Cambodia. Likewise, we anticipate interaction with members in neighbouring countries such as Vietnam, Hong Kong, Singapore, Malaysia, and the wider APAC region to meet, share, and learn more about country specific audit, accounting, and tax services, while utilising the full range of AGA’s toolkits and resources to help boost our international profile.”
Alliott Global Alliance’s CEO, Giles Brake added:
“With its open market and strong economic growth, Cambodia offers an exciting proposition to international investors. Having the right partner in Cambodia is key to ensuring we can offer clients all the support they need in Cambodia to get their business off the ground, to expand, and to ensure they are fully compliant. We are therefore delighted to have secured a well-regarded firm that has serious momentum that is being driven by a very smart leadership team. We anticipate that affiliation with AGA will play an important role in this emerging firm building their profile in the region and internationally. We extend a very warm welcome to everyone at the firm.”
Within the wider Asia Pacific region, AGA offers a wide range of professional services via independent firms in Australia, Bangladesh, China, Cambodia, Hong Kong, India, Indonesia, Japan, Malaysia, Nepal, New Zealand, Pakistan, Papua New Guinea, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
About Advance Grand Formula Co.,Ltd (AG):
As Alliott Global Alliance’s accounting, audit, and tax representative in Cambodia, the dedicated team at AG have extensive industry knowledge, working to global standards to help entrepreneurial, middle-market, international and start-up companies achieve their goals.
The firm value proposition is to provide high-quality, innovative solutions to clients, making sure they receive proactive advice and support with all key financial matters across a broad spectrum of industries, further strengthened by its partnership with Alliott Global Alliance. Read more.
About Alliott Global Alliance:
Founded in 1979, and with 220 member firms operating out of 300 offices in over 95 countries Alliott Global Alliance is an international alliance of independent, law, accounting, and specialist advisory firms, working across the world Together as One.
Each of our members share a common goal: to learn and share knowledge, resources, and opportunities to make the world smaller and their businesses stronger. We work with a spirit of generosity and openness — so that together, we can continue to fulfil our ambitions, gain greater experience, and drive mutual success.
Alliott Global Alliance is expanding fast, and the alliance has its sights set firmly on growing its legal and accounting membership to 100 countries. Opportunities are available to independent professional firms in specific countries in Africa, but also in Europe, China, the ASEAN region, Australasia, the Gulf Cooperation Council region, Central and South America and in North America. For information about membership email firstname.lastname@example.org.