Public and non-profit institutions participating in the Title IV programs that submit a Single Audit that does not include the Student Financial Assistance Cluster as a major program are not required to notify their respective School Participation Division of any low-risk designation for fiscal years ending within calendar year 2019 and future fiscal years.

Of note is a provision that would amend the Single Audit Act to require single audits and audit-related information to be reported in a form consistent with the data standards established by the act.

On September 20, 2019, the OMB issued a corrected edition of the 2019 Compliance Supplement (Supplement) which is dated August 2019 and replaces the previously released edition dated June 2019.