What must be noted when the CAFR is posted on a government website?

When the Comprehensive Annual Financial Report (CAFR) is posted on a government website, it is crucial to note that it has not been updated for events that occur after the auditor's report. This implies that while the CAFR is a comprehensive document, it reflects the conditions and financial status of the government entity as of the date of the auditor's report. Any significant events that arise after this date may not be included or reflected in the document, which means stakeholders need to be aware that the financial information is based on a specific timeframe and may not represent the current status of the entity's financial situation.

This understanding is important for users of the CAFR, such as policymakers, investors, and the public, as they rely on this information for assessments and decision-making. Understanding the context and limitations of the CAFR helps ensure that users interpret the financial data appropriately and remain informed about the potential impact of more recent events on the entity's financial health.