FMR (Financial Management Regulation)

Financial Management Regulation (FMR) refers to a set of rules and guidelines that govern how financial resources are managed within organizations, particularly in the public sector. It ensures that funds are used efficiently, transparently, and in compliance with laws and policies. FMR covers budgeting, auditing, financial reporting, and accountability, helping organizations to track their financial performance and make informed decisions. Essentially, it aims to promote good financial practices and protect public funds from misuse or mismanagement.