Financial Management Research & Resource Society (FMRRS) is a Society registered under Registration of Societies Act, 1860 with the Registrar of Societies, Delhi. It was the culmination of an attempt by the serving and retired members of the Indian Civil Accounts Service (ICAS) to create an institution – a center of Excellence in the sphere of Public Financial Management. FMRRS has a reservoir of knowledge and experience in all matters relating to Government Financial Management. Its members number is at present about 60, and these are all senior serving and retired ICAS officers who possess in-depth knowledge of public finance including experience of working with International Monetary Fund, World Bank and other International organizations. Besides, the Society has on its roll professional Chartered Accountants and Cost Accountants with experience of work of the private sector. Shri B.S. Thapliyal, ICAS was the first "Founder President" of the Society.
The biggest Indirect Taxes Reforms on Goods and Service Tax are being implemented. FMRRS is also trying to conribute to the Reform by conducting Training Programmes on it. So far it has conducted 3 Programmes on it and the fourth one is scheduled on 10th August, 2017. FMRRS Programme has been found very lucid and easy to understand by the Participants.
Another area being considered is that of Public Expenditure and Financial Accountability Assessment of Provinces and Municipalities.