It also criticized what it called poor financial management by the DNI, saying that most of the intelligence agencies are "struggling to achieve auditable financial statements.
What does AFS stand for?
AFS stands for Auditable Financial Statement
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of AFS
We have 424 other meanings of AFS in our Acronym Attic
- Association Francaise de Stérilisation (Lyon, France)
- Association France Spondylarthrites (French: Spondylitis Association of France)
- Association of Football Statisticians (soccer)
- Association of Former Students (Texas A&M University)
- Atlanta's Finest Staffing (employment/recruiter agency)
- Atomic Fluorescence Spectroscopy
- Atomic Frequency Standard
- Attensa Feed Server (software)
- Attestation de Formation Spécialisée (French: Certificate of Specialized Training; various universities)
- Audio Frequency Shift
Samples in periodicals archive:
The United States Marine Corps is close to being the first military service in the Department of Defense to have an auditable financial statement, and we are working hard to tighten systems, standardize processes, and resolve internal control weaknesses.
NASA's new core financial management system has not addressed many of the agency's most significant management challenges--including improving contract management, producing credible cost estimates, and producing auditable financial statements.
More importantly, Momentum recently enabled a DoD agency to receive its first set of CFO compliant, auditable financial statements.
4 Obtain Audited or Auditable Financial Statements Using IPO-Acceptable Accounting Principles.
Second, improving our business practices by modernizing our business systems and instituting meaningful financial and program performance metrics to provide better data and analyses to guide resource decisions and produce auditable financial statements.
And because the systems were designed for specific functional purposes such as logistics, acquisition, or human resources, they rarely produced the data needed to generate "clean, auditable financial statements," she said.
Every large agency was required to have a CFO with proper financial management credentials, and to conduct business according to accepted accounting principles -- including the production of auditable financial statements.