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