Financial Management Improvement Act

The Financial Management Improvement Act (FMIA) aims to enhance the financial management practices of the federal government in the United States. It requires federal agencies to adopt sound financial management systems to ensure accurate reporting, accountability, and efficient use of taxpayer dollars. The act promotes consistency and transparency in financial practices across agencies, helping to improve budgeting, auditing, and reporting processes. Ultimately, the FMIA seeks to strengthen public trust by ensuring that government funds are managed responsibly and effectively.