The Federal Managers' Financial Integrity Act (FMFIA) was enacted in which year?

The Federal Managers' Financial Integrity Act (FMFIA) was enacted in which year?

• A. 1982
• B. 1992
• C. 1972
• D. 2002

Answer: (A)

FMFIA was enacted to require federal agencies to establish and maintain strong internal controls and to regularly assess and report on their effectiveness. This created accountability for how programs are managed and how funds are safeguarded, with annual management assurance to Congress. The year it became law is 1982, which is why that choice is correct. The other years don’t fit the historical date—the act predates them or refers to different reforms that came later.

FMFIA was enacted to require federal agencies to establish and maintain strong internal controls and to regularly assess and report on their effectiveness. This created accountability for how programs are managed and how funds are safeguarded, with annual management assurance to Congress. The year it became law is 1982, which is why that choice is correct. The other years don’t fit the historical date—the act predates them or refers to different reforms that came later.