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National Treasury: 2026 Departmental specimen AFS template
- 09 October 2025
- Accounting
- South African Accounting Academy
Summary:
The Office of the Accountant General in National Treasury has published the Specimen Annual Financial Statements for National and Provincial Departments for the year ended 31 March 2026.
Article:
The Specimen AFS for Departments has been released and is now available on the Modified Cash Standard (MCS) Knowledge Hub.
This specimen provides the official structure and disclosure requirements to support departments in preparing their annual financial statements for 2025/2026 in line with the MCS.
Contents: Page
- Appropriation Statement 3
- Notes to the Appropriation Statement 12
- Statement of Financial Performance 15
- Statement of Financial Position 17
- Statement of Changes in Net Assets 19
- Cash Flow Statement 21
- Notes to the Annual Financial Statements (including Accounting Policies) 22
- Annexures 119
Simply create a login profile on the Learning Management System (LMS) to access all future publications.
Click here to download the 158-page Word-document:
https://lms.treasury.gov.za/mod/resource/view.php?id=1322
Relevance to Auditors, Independent Reviewers & Accountants:
- The PFMA is yet another piece of legislation that your relevant national and provincial departmental clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As an auditor and independent reviewer, you need to consider and assess compliance with the tools available to departments to compile their financial statements as prescribed by National Treasury.
Relevance to Your clients:
- Applies to all departments that uses the Department AFS template.