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Financial Management Risk Reduction Act (S 4716)

Score:

68

%

Federal

2024

Latest Action:

Updated:

Chamber:

This bill mandates federal agencies to analyze single audit quality and conduct reviews every few years. The bill also requires the development of analytic tools to use audit data to identify risks to federal award funds and outlines a process for reporting and strategy development to mitigate these risks. Furthermore, it stipulates that no additional funds will be appropriated to implement these changes.

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