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• Federal agencies may not impose the Uniform Guidance prior to the effective date.

What are the next steps for the single audit Compliance Supplement and single audit resolution?

What are the next steps for the single audit Compliance Supplement and single audit resolution?

• The COFAR has made a commitment that for the rest of this year, work will focus primarily on initiatives that support smooth implementation of this Uniform Guidance.

• The 2015 Compliance Supplement is expected to be released in April 2015 and will implement changes to complement the Uniform Guidance, such as streamlining the audit objectives and procedures for the 14 types of compliance requirements. OMB outreach in developing the 2015 Supplement is including non-Federal stakeholders.

• The COFAR is also working to draft best practices around cooperative audit resolution, and exploring possibilities for publishing a list of links to Federal agency audit resolution policies.

• The Federal Audit Clearinghouse (FAC) is working to develop additional analytical tools to better support audit resolution and provide data for outcome based metrics to allow Federal agencies to track the effectiveness of audit finding follow-up over time.

• The COFAR will be working with the FAC and the auditing profession to explore ways to combine the single audit reporting package (i.e., Schedule of Expenditures of Federal Awards and Auditor’s Summary) with the reporting to the FAC in the data collection form to reduce duplication and improve the accuracy of FAC data.

• Finally, the COFAR plans to consider how to better coordinate the process of issuing management decision letters governmentwide