New for 2013 SF-SAC Items Page 1 - Auditors Required to Report EIN Page 3 - Designation for Federal Loans and Loan Guarantees Page 4 – Standardized Finding Reference Number Format – Year hyphen and three digit finding number Page 4 – Expanded Information to Allow for Three- way Link PDF – Unlocked, Unencrypted, Text Searchable (new function to upload and text 85% encryption requirement July 2012)

Proposed Solution Auditor complete Page 3 by CFDA line FAC produce template to generate and pre- populated new Page 4 for CFDA lines based on indicated number of audit findings Auditor complete Page 4 template to provide information by audit finding number. Finding reference number (consistent format) Type of compliance requirement Type of finding (Modified Opinion, Other N/C, MW, SD, Other) Questioned costs – Y or N

2013 Form SF-SAC Page 3

2013 Page 4 Completed Example

OMB Update – Compliance Supplement Final Issue Date? ARRA Type A Major Program Determination Loans and Loan Guarantees No Extensions - Late Filings – Auditee Risk FFATA Reporting

OMB Proposed Changes Threshold Increase Pass Through Entities Tiered Approach More Focused Requirements Type A Threshold Increase Type B Risk assessments and Selection Changes QC Threshold Replace SEFA and Auditors Summary with DCF in Audit Package Enhanced resolution Designated responsible program official Matrix Federal Agency Follow up for subawards

Potential Changes to Single Audit – Impact of Tiered Approach 39% 24% 1% 2% 97%