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National Treasury: Draft 2026/27 Departmental Financial Statement Template
- 09 July 2026
- Miscellaneous
- South African Accounting Academy
Summary:
The Office of the Accountant General in National Treasury has published the Draft 2026/27 Departmental Financial Statement Template on the MCS Hub for testing and comment.
Article:
This draft template has been made available to provide departments with an opportunity to:
- Review the proposed changes for the 2026/27 reporting cycle.
- Test the template using departmental information and reporting processes.
- Identify any technical issues, errors or areas requiring clarification.
- Submit comments and suggestions to assist in finalising the template before its official release.
Stakeholder feedback is important and will help ensure that the final template is practical, accurate and supports consistent financial reporting across departments.
The draft template should be carefully reviewed and comments submitted by 21 July 2026.
Visit the MCS Knowledge Hub - Exposure Drafts - to access the template https://lms.treasury.gov.za/mod/assign/view.php?id=1410
Click here to access the Draft template:
https://lms.treasury.gov.za/mod/forum/discuss.php?d=126
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.