,,ii  #aah? ,,congress  #b;d ,session   
,s4 #dgaf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #aa 7legislative 
day1 ,july #aj71 #bjbd,mr4 ,pet]s 7=    
himself & ,mr4 ,johnson7 introduc$ !    
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,homel& ,security &  
,gov]nm5tal ,affairs  ,a ,,bill  ,to    
am5d section #gejd ( title #ca1 ,unit$  
,/ates ,code1 to improve ! s+le audit   
requirem5ts4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,f9ancial ,managem5t    
,risk ,r$uction ,act4  #b4 ,s+le audit  
improvem5ts ,section #gejd ( title #ca1 
,unit$ ,/ates ,code1 is am5d$-- 7#a7 9  
subsection 7a7-- 7,a7 9 p>agraph 7#a71  
by /rik+ 1 & & ins]t+ a semicolon2  7,b7
 9 p>agraph 7#b71 by /rik+ ! p]iod at ! 
end & ins]t+ a semicolon2 &  7,c7 by    
add+ at ! end ! foll[+3  7#c7 p>ticipate
 9 & furni% in=mation = ! review "u     
subsection 7d72 &  7#d7 id5tify1 9      
coord9ation ) ! ,f$]al cle>+h\se1       
recipi5ts t exp5d #cjj1jjj or m 9 ,f$]al
 aw>ds or su* o!r am\nt specifi$ by !   

,director "u section #gejb7;a77#c7 dur+ 
! recipi5t's fiscal ye> b did n und]go  
an audit 9 accordance ) ?is *apt]4  2   
7#b7 9 subsection 7c7-- 7,a7 9 p>agraph 
7#a71 by add+ & at ! end2  7,b7 by /rik+
 p>agraph 7#b72 &  7,c7 by r$esignat+   
p>agraph 7#c7 z p>agraph 7#b72 &  7#c7  
by add+ at ! end ! foll[+3  7d7 ,n lat] 
?an #b ye>s aft] ! date ( enactm5t ( ?is
 subsection1 & e #b ye>s !reaft]1 !     
,director submit to ! ,committee on     
,homel& ,security & ,gov]nm5tal ,affairs
 ( ! ,s5ate & ! ,committee on ,ov]sight 
& ,acc\ntability ( ! ,h\se (            
,repres5tatives a report li/+ !         
recipi5ts id5tifi$ "u subsection 7a7    
7#d74  7e7 7#a7 ,! ,director %all       
designate #a or m ,f$]al ag5cies to     
conduct a ,gov]nm5t-wide analysis ( s+le
 audit quality1 :i* may include a       
consid]ation ( ! results ( ongo+ reviews
 ( s+le audit quality by-- 7,a7 ,f$]al  
ag5cies2  7,b7 ,/ate auditors2 &  7,c7  
indep5d5t pe] review programs4  7#b7 ,n 
lat] ?an #c ye>s aft] ! date ( enactm5t 

( ?is subsection1 & e #f ye>s !reaft]1 !
 ,f$]al ag5cies designat$ "u p>agraph   
7#a7 %all complete a ,gov]nm5t-wide     
analysis ( s+le audit quality1 :i* %all 
include ! views ( non-,f$]al entities   
reg>d+ s+le audit quality4  7#c7 ,!     
,director %all submit to ! ,committee on
 ,homel& ,security & ,gov]nm5tal        
,affairs ( ! ,s5ate & ! ,committee on   
,ov]sight & ,acc\ntability ( ! ,h\se (  
,repres5tatives & make publicly         
available ! results ( ea* review "u     
p>agraph 7#b74  7f7 ,n lat] ?an #b ye>s 
aft] ! date ( enactm5t ( ?is            
subsection-- 7#a7 ! ,adm9i/rator (      
,g5]al ,s]vices1 9 coord9ation ) !      
,director1 ! ,c\ncil on ,f$]al ,f9ancial
 ,assi/ance 7or any successor !reto71 & 
key managem5t s+le audit liaisons (     
,f$]al ag5cies designat$ z describ$ 9   
section #bjj4eac ( title #b1 ,code (    
,f$]al ,regulations 7or any successor   
!reto71 %all develop analytic tools to  
use audit data 9 ! ,f$]al cle>+h\se to  
id5tify cross-,gov]nm5tal risks to      

,f$]al aw>d funds2 &  7#b7 ! ,director1 
9 coord9ation ) ! ,adm9i/rator ( ,g5]al 
,s]vices1 ! ,c\ncil on ,f$]al ,f9ancial 
,assi/ance 7or any successor !reto71 &  
key managem5t s+le audit liaisons (     
,f$]al ag5cies designat$ z describ$ 9   
section #bjj4eac ( title #b1 ,code (    
,f$]al ,regulations 7or any successor   
!reto71 %all develop a /rategy to use   
audit data 9 ! ,f$]al cle>+h\se to      
id5tify cross-,gov]nm5tal risks to      
,f$]al aw>d funds4  7g7 ,n lat] ?an #d  
ye>s aft] ! date ( enactm5t ( ?is       
subsection1 ! ,comptroll] ,g5]al ( !    
,unit$ ,/ates %all complete an          
evaluation (-- 7#a7 ! effectiv5ess ( !  
/rategy & analytic tools develop$ "u    
subsection 7f72  7#b7 report+ burd5s =  
auditors & audit$ entities & ! capacity 
( auditors & audit$ entities to fulfill 
! requirem5ts "u ?is *apt]2 &  7#c7 !   
responsiv5ess ( ,f$]al ag5cies to repeat
 s+le audit f9d+s & corrective action   
plans4  4