The First Nations Financial Management Board's (FMB) Certifications are based on good governance and finance practices called standards . The FMB creates these standards based on international good governance and finance practices and customizes them to meet the needs of First Nations.
What are the standards?
Under the First Nations Fiscal Management Act (FMA), the FMB has the mandate to set standards for First Nations in the following areas:
Financial Administration Law
- FAL Review Procedures (PDF)
- FAL Standards (PDF)
- FAL Explanatory Notes (PDF)
- FAL Assessment Guide
Financial Management System
- Financial Management System Certification Procedures (PDF)
- Financial Management System Standards (PDF)