National Treasury: MCS Interim Financial Statements Template 2025/2026

Posted 09 October 2025 Written by Acts Online
Category Financial and Accounting

Brought to you by SA Accounting Academy: The National Treasury has released the updated reporting template for national and provincial departments to facilitate the preparation of interim financial statements for the 2025/2026 cycle.

In accordance with the Public Finance Management Act, No. 1 of 1999, the Office of the Accountant-General (OAG) has issued the Interim Financial Statements (IFS) template for use by all national and provincial departments. These entities are required to compile their interim financial reports in alignment with the Modified Cash Standard (MCS).

The template provides the Specimen Interim Financial Statements for the financial year ending 31 March 2026. It is designed to ensure consistency in reporting across the public sector and to assist departments in meeting their statutory reporting obligations.

Click here to download the Excel template document.

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

  • For yourself: No direct individual reporting obligations; however, you must ensure your technical knowledge of the 2025/2026 MCS specimen is current for public sector engagements.
  • For your business: Audit and consulting firms must update their internal working paper templates and compliance checklists to reflect the specific data fields and disclosure requirements of the 2025/2026 IFS template.
  • For your clients: National and provincial departments must utilize this specific Excel template for their interim reporting to ensure compliance with OAG directives and the PFMA.

Originally published at https://accountingacademy.co.za/news/read/national-treasury-mcs-interim-financial-statements-template-2025-2026

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