National Treasury Releases Draft 2026/27 Departmental Financial Statement Template

Posted 09 July 2026 Written by Acts Online
Category Public Finance

Brought to you by SA Accounting Academy: The Office of the Accountant General within the National Treasury has released the Draft 2026/27 Departmental Financial Statement Template for public comment and testing on the Modified Cash Standard (MCS) Hub.

In terms of the Public Finance Management Act, No. 1 of 1999 (PFMA), the National Treasury is responsible for prescribing framework standards to ensure uniform treasury control. To support consistent financial reporting across government departments, the Office of the Accountant General has made this draft template available to allow departments and practitioners to test its functionality, review reporting requirements, and identify potential alignment issues before finalisation.

Stakeholders are requested to carefully review the draft template and submit their technical feedback and comments by no later than 21 July 2026. Submissions will be used to ensure the final template is practical, accurate, and aligned with the Modified Cash Standard.

To access the draft template and participate in the feedback process, use the following resources:

What this means for you, your business, or your clients

  • For yourself: No direct individual compliance obligations, but as a public sector accountant or auditor, you must familiarise yourself with the proposed changes to the 2026/27 template to prepare for future reporting cycles.
  • For your business: If your firm consults for or audits government departments, you must review the draft template by the 21 July 2026 deadline to identify any technical reporting issues and submit comments to prevent compliance bottlenecks.
  • For your clients: Public sector clients and government departments must actively test their financial systems against this draft template to ensure their accounting software and data structures can seamlessly generate the required 2026/27 disclosures.

Originally published at https://accountingacademy.co.za/news/read/national-treasury-draft-2026-27-departmental-financial-statement-template

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