Financial Management Standards

The Bureau of Fiscal Service is responsible for maintaining and maturing financial management standards. To do this, we work closely with other lines of business and standard setting agencies, federal agencies, the vendor community, and other stakeholders.

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Standards are important because they establish consistent protocols that can be universally understood and adopted. Standards improve systems and processes, reduce waste, cut costs, and ensure consistency. Application of standards into financial systems and processes helps to ensure interoperability between financial and other supporting systems, supports accurate reporting and leads to automation and cost savings for federal agencies.

Currently, we have four resources for our standards, all of which are aligned to the Federal Integrated Business Framework.