Set Standards

Chippawas of Rama

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

Financial Management System

Financial Performance

Local Revenue Financial Reporting