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HandWiki. Comprehensive Annual Financial Report. Encyclopedia. Available online: https://encyclopedia.pub/entry/31246 (accessed on 26 September 2026).
HandWiki. Comprehensive Annual Financial Report. Encyclopedia. Available at: https://encyclopedia.pub/entry/31246. Accessed September 26, 2026.
HandWiki. "Comprehensive Annual Financial Report" Encyclopedia, https://encyclopedia.pub/entry/31246 (accessed September 26, 2026).
HandWiki. (2022, October 25). Comprehensive Annual Financial Report. In Encyclopedia. https://encyclopedia.pub/entry/31246
HandWiki. "Comprehensive Annual Financial Report." Encyclopedia. Web. 25 October, 2022.
Comprehensive Annual Financial Report
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A Comprehensive Annual Financial Report (CAFR) is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). GASB provides standards for the content of a CAFR in its annually updated publication Codification of Governmental Accounting and Financial Reporting Standards. The U.S. Federal Government adheres to standards determined by the Federal Accounting Standards Advisory Board (FASAB). A CAFR is compiled by a state, municipal or other governmental accounting staff and audited by an external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements. It is composed of three sections: Introductory, Financial and Statistical. It combines the financial information of fund accounting and Enterprise Authorities accounting.

financial report financial statements financial information

References

  1. Government Financial Officers Association Web Site http://www.gfoa.org/
  2. "Government Financial Reporting." Encyclopedia of Business and Finance. Ed. Allison McClintic Marion. Gale Cengage, 2001. eNotes.com. 2006. 18 May 2011 http://www.enotes.com/business-finance-encyclopedia/government-financial-reporting
  3. GFOA CAFR ACCOUNTING CHANGES http://gasb.org/cs/ContentServer?c=Page&pagename=GASB%2FPage%2FGASBSectionPage&cid=1176156669308
  4. http://www.texastransparency.org/State_Finance/Budget_Finance/Reports/Cash_Report/14/texas_annual_cash_report_2014.pdf where several thousand separate funds managed by the State of TX can be viewed.
  5. Attorney general investigating KLC http://www.kentucky.com/2010/04/13/1222627/attorney-general-investigating.html
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Update Date: 25 Oct 2022
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