Federal Register / Vol. 72, No. 122 / Tuesday, June 26, 2007 / Notices 35081 

possibility of further undetected noncompliance, 

that the noncompliance, either individually or 

when aggregated with other noncompliance related 

to the same type of compliance requirement, would 

clearly be immaterial to a federal program. If a 

reasonable person would not reach such a 

conclusion regarding a particular noncompliance, 

that noncompliance is more than inconsequential. 

6See footnote 1. 

A material weakness is a significant 

deficiency, or combination of significant 

deficiencies, that results in more than a 

remote likelihood that material 

noncompliance with a type of compliance 

requirement 6 of a Federal program will not 

be prevented or detected. 

In addition to the Interpretation, the 

AICPA has issued updated illustrative 

Circular A–133 audit reports that can be 

accessed on the AICPA Governmental 

Audit Quality Center Web site at the 

following link (http://gaqc.aicpa.org/

Resources/Illustrative+Auditors+

Reports/). Further, updated illustrative 

reporting for financial statement audits 

performed under GAS can also be found 

at the same Web site link. 

This change in terminology and 

related definitions may result in the 

reporting of additional internal control 

matters than had been reported using 

the previous terminology and 

definitions. The reporting of such 

additional matters may affect the scope 

of single audits, particularly as it relates 

to the determination of major programs 

and the auditee’s low-risk status. 

Auditees submitting single audits of 

periods ending between December 15, 

2006 and December 31, 2006, should 

use the approved Data Collection Form 

(Form SF–SAC) for fiscal years ending 

2004, 2005 and 2006 when filing with 

the Federal Audit Clearinghouse. Since 

this Form SF–SAC has not yet been 

updated for the new internal control 

terminology, any ‘‘significant 

deficiency’’ should be recorded under 

the term ‘‘reportable condition’’ on the 

following items: Part II—items 3 and 4, 

Part III—items 4 and 5, and Part 3, item 

10(a). The Form SF–SAC terminology 

will be updated in the next SF–SAC 

form scheduled for January 1, 2008. 

The Form SF–SAC approved for 

audits with fiscal period end dates in 

2004, 2005, and 2006, is extended to 

apply to audits with fiscal period end 

dates in 2007. All submissions with 

fiscal period end dates in 2007 must use 

the 2004–2006 version of Form SF–SAC. 

B. Streamlined Submission of Reporting 

Package to the Federal Audit 

Clearinghouse (FAC) 

We are also streamlining the auditee’s 

submission of the reporting package to 

the FAC. Due to technology advances, 

starting January 1, 2007, the auditee is 

no longer required to submit multiple 

copies of the reporting package to the 

FAC, in accordance with section 320(d) 

of Circular A–133. Instead, only one 

copy of the reporting package is 

necessary. However, Part III, item 8, of 

the Form SF–SAC should continue to be 

completed noting all agencies required 

to receive a copy of the reporting 

package. 

Rob Portman, 

Director. 

Circular A–133 is revised as follows: 

1. In the following sections, replace 

‘‘reportable conditions’’ with 

‘‘significant deficiencies’’: 

§ l.320(b)(2)(ii); § l.320(b)(2)(iv); 

§ l.500(c)(3); § l.505(d)(1)(ii); 

§ l.505(d)(1)(iv); § l.510(a)(1), and 

§ l.520(d)(1). 

2. Replace § l.320(d) with the 

following: 

(d) Submission to clearinghouse. All 

auditees shall submit to the Federal 

clearinghouse designated by OMB a 

single copy of the data collection form 

described in paragraph (b) of this 

section and the reporting package 

described in paragraph (c) of this 

section. 

[FR Doc. E7–12320 Filed 6–25–07; 8:45 am] 

BILLING CODE 3110–01–P 

POSTAL REGULATORY COMMISSION 

Facility Tours 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice of Commission tours. 

SUMMARY: On Wednesday afternoon, 

June 27, 2007, Postal Regulatory 

Commissioners and advisory staff 

members will tour California 

Community News production facilities 

in Irwindale, California. The purpose of 

the tour is to observe company 

operations. 

DATES: June 27, 2007 (2:45 p.m.). 

FOR FURTHER INFORMATION CONTACT: Ann 

C. Fisher, Chief of Staff, Postal 

Regulatory Commission, at 202–789–

6803 or ann.fisher@prc.gov. 

Steven W. Williams, 

Secretary. 

[FR Doc. 07–3107 Filed 6–25–07; 8:45 am] 

BILLING CODE 7710–FW–M 

SMALL BUSINESS ADMINISTRATION 

Public Federal Regulatory 

Enforcement Fairness Hearing; Region 

II Regulatory Fairness Board 

The U.S. Small Business 

Administration (SBA) Region II 

Regulatory Fairness Board and the SBA 

Office of the National Ombudsman will 

hold a public hearing on Thursday, June 

28, 2007, at 10 a.m. The meeting will 

take place at Middlesex County 

Regional Chamber of Commerce, 1 

Distribution Way, Suite 101, Monmouth 

Junction, NJ 08852. The purpose of the 

meeting is to receive comments and 

testimony from small business owners, 

small government entities, and small 

non-profit organizations concerning 

regulatory enforcement and compliance 

actions taken by Federal agencies. 

Anyone wishing to attend or to make 

a presentation must contact Harry 

Menta, in writing or by fax, in order to 

be placed on the agenda. Harry Menta, 

Public Affairs Officer, SBA, New Jersey 

District Office, Two Gateway Center, 

15th Floor, Newark, NJ 07102, phone 

(973) 645–6064 and fax (202) 401–2196, 

e-mail: Harry.menta@sba.gov. 

For more information, see our Web 

site at http://www.sba.gov/ombudsman. 

Matthew Teague, 

Committee Management Officer. 

[FR Doc. E7–12326 Filed 6–25–07; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice 5847] 

Culturally Significant Objects Imported 

for Exhibition; Determinations: 

‘‘Impressed by Light: British 

Photographs from Paper Negatives, 

1840–1860’’

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, Delegation of Authority 

No. 236 of October 19, 1999, as 

amended, and Delegation of Authority 

No. 257 of April 15, 2003 [68 FR 19875], 

I hereby determine that the objects to be 

included in the exhibition ‘‘Impressed 

by Light: British Photographs from 

Paper Negatives, 1840–1860’’, imported 

from abroad for temporary exhibition 

within the United States, are of cultural 

significance. The objects are imported 

pursuant to loan agreements with the 

foreign owners or custodians. I also 

determine that the exhibition or display 

of the exhibit objects at The 

Metropolitan Museum of Art, New York, 

New York, from on or about September 

24, 2007, until on or about December 31, 

2007, and the National Gallery of Art, 


jlentini on PROD1PC65 with NOTICES