What Does FMFIA Stand For?

FMFIA stands for Federal Managers Financial Integrity Act

The Federal Managers Financial Integrity Act (FMFIA) is a U.S. federal law enacted in 1982 to enhance the integrity of financial management within federal agencies. The act requires agency heads to establish and maintain effective systems of internal controls and to report on their adequacy. It aims to ensure accountability, reduce the risk of fraud, waste, and mismanagement, and promote efficient use of federal resources. By mandating regular assessments and audits, FMFIA strengthens financial oversight and fosters transparency in government operations.

Other Meanings for FMFIA