National Treasury: MCS Interim Financial Statements template 2025/2026

National Treasury: MCS Interim Financial Statements template 2025/2026

• 09 October 2025
• Accounting
• South African Accounting Academy

Summary:

The Office of the Accountant-General (OAG) in National Treasury has issued the Interim Financial Statements (IFS) template for 2025-2026 for use by National and Provincial Departments in preparing their IFS.

Article:
This template applies to all national and provincial departments that must compile their Interim financial statements in accordance with the Modified Cash Standard (MCS).

The template represents the Specimen Interim Financial Statements for National and Provincial Departments For the year ended 31 March 2026.

Click here to download the Excel template document:

https://lms.treasury.gov.za/mod/forum/discuss.php?d=77 

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 departments that use the MCS, as required by the PFMA.

• Compilers of financial statements must be aware of the latest updates and proposals to the MCS.

Relevance to Your clients:

• Applies to all national and provincial departments that must compile their annual financial statements in accordance with the Modified Cash Standard.

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