1 Centre St #530, New York, NY 10007, United States, New York, New York 10007
The Bureau of Accountancy is responsible for all aspects of the City’s financial accounting and reporting. It prepares the Comptroller’s Comprehensive Annual Financial Report (CAFR), which contains the City’s Charter-mandated audited financial statements and its layperson-friendly companion, the Popular Annual Financial Report (PAFR). The Bureau is primarily responsible for the design and management of the City’s centralized accounting, internal control and budgeting system,and the Financial Management System (FMS). The Bureau is also responsible for ensuring accuracy in City agency accounting, reconciliation of more than 100 City bank accounts, investment accounting for the City’s five main pension plans and eleven variable supplement funds (VSFs), servicing the City’s general obligation debt, and approving vendor information in FMS. The Bureau of Accountancy also has primary responsibility for issuing and updating Comptroller’s Directives and Memoranda, which dictate a wide range of accounting and internal control procedures for all City agencies and related entities.