MTAS History

Requirements for Certificate of Conformance in Financial Reporting

Mike Pentecost, Municipal Technical Advisory Service
Jim Leuty, Municipal Technical Advisory Service

Abstract

This Technical Bulletin provides information about the Certificate of Conformance in Financial Reporting Program. The Certificate of Conformance in Financial Reporting Program was begun by the Municipal Finance Officers Association (MFOA) in 1945 to emphasize its belief that every governmental unit should prepare and publish an easily understandable, comprehensive annual financial report (CAFR) covering all of its funds and financial transactions during the year.