Established in 1997, Financial Management Academy (FIMA) draws its legacy from the erstwhile Audit and Accounts Centre set up in 1962 before independence and Audit and Accounts Training Academy in 1997 after independence.
Headed by a Director General (Grade-II), Financial Management Academy is the only training organization in the public sector which offers training on both upstream and downstream activities of public financial management (PFM) including budget formulation, approval, execution, and accounting and reporting and auditing. This Academy also arranges different courses on specialized types of auditing like performance auditing, climate performance auditing, environmental auditing, IT auditing, procurement auditing and the like. FIMA also provides, upon the demand, courses designed by FIMA for different ministries, divisions and public sector organizations with the objective of developing human capital in financial management across the government.
Over the last five years, on average, FIMA has imparted training to as many as 2,488 officials belonging to the Audit and Accounts Department and other departments across the government on 68 PFM and other topics. FIMA also facilitated and organized the training of ITC ILO, the UN and the CIPFA, the UK in the recent past. In addition, FIMA has also gathered experience in providing training to the auditors of other SAIs like SAI Sri Lanka and SAI East Timor on government financial management and auditing.
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