Webinar

Webinar: Changes are coming to FMB’s Financial Performance Standards

Webinar – Changes are coming to FMB’s Financial Performance Standards
Date: November 22, 2017
Time: 10AM-11AM PST

Cost: Free

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The First Nations Financial Management Board (“FMB”) is updating their Financial Performance Standards and has released an Exposure Draft outlining the proposed changes. This webinar is your chance to hear about the key features of the Exposure Draft and find out how you can have your say.
    
The Financial Performance Standards are the framework used by the FMB to assess First Nations’ financial performance and ultimately, their eligibility for Financial Performance Certification. The FMB recently completed a comprehensive review of its Financial Performance Standards with a particular focus on the ratios used in the assessment of financial performance. The Exposure Draft and the changes being proposed are the result of this review. The webinar will provide participants with an overview of the Financial Performance Standards, the changes being proposed in the Exposure Draft and the reasons for those changes.

The FMB is seeking your feedback on this Exposure Draft prior to amending its Financial Performance Standards. This input is critical in developing standards that are relevant to First Nations and responsive to their needs. Learn how you can provide your comments to the FMB during the webinar.

Please visit the Standard Setting page of FMB’s website to download a copy of the Exposure Draft and proposed changes to the C2 – Financial Performance Standards. An online questionnaire can be used to submit feedback.

Who should attend? This webinar is open to everyone and will be of particular interest to First Nations seeking a Financial Performance Certificate from the FMB, as well as those First Nations who have already received Financial Performance Certification from the FMB and are considering re-certification in the future. The webinar will also be of interest to First Nations’ advisors, auditors and financial institutions.
 

First Nations Gazette: 20 Years of Supporting the Legal Voice of First Nations

On June 21, 2017, the First Nations Gazette (www.fng.ca) celebrates its 20th anniversary. For the past two decades, The First Nations Gazette (FNG) has been supporting the legal voice of First Nations and continues in its role supporting the emerging voice of First Nation self-determination. Laws and regulations that govern the daily lives of Canadians are published in the Canada Gazette. The role of the Canada Gazette is to provide access to these laws and regulations, to engage citizens and to assist the private sector in meeting legal requirements. However, in 1987, the Canada Gazette made a rule that excluded First Nation by-laws from its publication.

Around this same time, many First Nations were accessing new legislative options that enabled them to enact their own by-laws – such as property taxation by-laws. First Nations were required to take steps to provide notice of by-laws and provide copies of by-laws on their own, without access to a Gazette that provided this service with ease and consistency.

It was clear that First Nation governments wanted a gazette to fulfill the responsibility of informing their communities and citizens. This was becoming increasingly important as more and more First Nations were exercising and expanding their jurisdictions. The Indian Taxation Advisory Board – the predecessor to the First Nations Tax Commission – began to explore options for the creation of the FNG.

FMB Standards Update

This is an opportunity to hear about recent and upcoming changes to the collection of standards published by the First Nations Financial Management Board.  

  • Recently published Local Revenue Financial Reporting Standards
  • Hot Topics and Upcoming Standard Setting Activities
  • How to get involved
  • Questions and Answers

The First Nations Financial Management Board is Canada’s only legislated body that develops and publishes Financial Administration Law, Financial Management System, Financial Performance and Local Revenue Financial Reporting Standards for First Nations. The FMB is an Aboriginal institution that provides a suite of financial management tools and capacity development services to First Nations governments seeking to strengthen their fiscal stewardship and accountability regime and develop necessary capacity to meet their expanding fiscal and financial management requirements.

This webinar was held on March 16, 2017. You can view the recorded webinar by clicking on the link below.

FMB Certification: What Auditors Need to Know

What is First Nations Financial Management Board (FMB) Certification? How does it impact the annual audit of a First Nation? How can the auditor play a role?

These and other questions were answered during the free one hour webcast hosted by the FMB. If you serve First Nations clients in an assurance or advisory role you should attend this session.

The purpose of this webcast is to inform audit service providers of:

  • Certification services that the FMB provides to First Nations; and
  • Value added activities that could be provided to First Nation clients

The First Nations Financial Management Board is Canada’s only legislated body that develops and publishes Financial Administration Law, Financial Management System, Financial Performance and Local Revenue Financial Reporting Standards for First Nations. The FMB is an Aboriginal institution that provides a suite of financial management tools and capacity development services to First Nations governments seeking to strengthen their fiscal stewardship and accountability regime and develop necessary capacity to meet their expanding fiscal and financial management requirements.

This webinar was held on March 16, 2017. You can view the recorded webinar by clicking on the link below. 

Webinar: A Beginner's Guide to Risk Management

On October 13, 2016 the First Nations Fiscal Management Board and the Tulo Centre of Indigenous Economics hosted the webinar: A Beginner's Guide to Risk Management. 

The webinar was designed for First Nation governments who want to learn about the importance of identifying potential risks and how to develop and implement an effective risk management process to achieve their organizational objectives and maximize their success. 

This is an introductory webinar, providing an overview of the First Nations Financial Management Board's new guidebook: "A Beginner's Guide to Risk Management". The guidebook walks the administration through the process of identifying risks and developing a Risk Management plan by providing an approach and template for effective risk management.

Webinar Open for Registration: A Beginner's Guide to Risk Management

This webinar is designed for First Nation governments who want to learn about the importance of identifying potential risks and how to develop and implement an effective Risk Management process to achieve their organizational objectives and maximize their success. This is an introductory webinar, providing an overview of the First Nations Financial Management Board's new guidebook: "A Beginner's Guide to Risk Management". The guidebook walks the administration through the process of identifying risks and developing a Risk Management plan by providing an approach and template for effective risk management.

This webinar is a collaboration with the First Nations Financial Management Board is an Aboriginal institution that provides a suite of financial management tools and services to First Nations governments seeking to strengthen their fiscal stewardship and accountability regime and develop necessary capacity to meet their expanding fiscal and financial management requirements.