What is the Annual Financial Report (AFR) for?

The COA prepares the AFR for all government agencies, in compliance with its mandate under the 1987 Philippine Constitution and Presidential Decree No. 1445, otherwise known as the Government Auditing Code of the Philippines.

The AFR provides essential information on the financial condition, comprehensive income/financial performance, changes in net assets/equity, and cash flows of all GCs including the comparison of budget and actual amounts of GCs classified as non-CPSEs. It also provides the summary on the results of audit.

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