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Agency Financial Report

Purpose of the report

VA’s Agency Financial Report (AFR) provides information enabling the Congress, the President and the public to assess our stewardship over the financial resources entrusted to us and our performance as an organization. The report provides results on VA’s progress towards providing America’s Veterans with the best in benefits and health care; a high-level summary of our accomplishments during the year; a discussion of the challenges we face going forward; an analysis of our financial position; and the Inspector General’s Statement on VA’s Major Management Challenges.

For additional information about the Office of Inspector General’s (OIG) reports and studies (including the Major Management Challenges shown in the Annual Financial Report (AFR), please access the OIG’s website.

VA received its third consecutive Certificate of Excellence in Accountability Reporting (CEAR) from the Association of Government Accountants for the FY 2021 AFR and a Best-in-Class award for visual presentation and graphic display of information in the AFR. The CEAR award is the highest form of recognition in the Federal government financial community.

AGA Certificate of Excellence in Accountability Reporting presented to the U.S. Department of Veterans Affairs in recognition of outstanding effort in preparing the Agency Financial Report for fiscal year 2021
AGA Certificate of Excellence in Accountability Reporting Best in Class Award presented to the U.S. Department of Veterans Affairs in recognition of visual presentation of information including graphic display in the Agency Financial Report for fiscal year 2021

Fiscal Year 2022 AFR — Published November 15, 2022

The AFR includes our annual audited financial statements and the report on the audit of those financial statements, which have received a clean opinion for the 24th consecutive year.

Prior year reports