[Federal Register Volume 60, Number 44 (Tuesday, March 7, 1995)]
[Notices]
[Pages 12581-12582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5489]



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OFFICE OF MANAGEMENT AND BUDGET

Office of Federal Financial Management


Proposed Rescission of OMB Circular A-73

AGENCY: Office of Management and Budget, Office of Federal Financial 
Management.

ACTION: Notice of Proposed Rescission of OMB Circular A-73.

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SUMMARY: Publication of OMB's intention to rescind Circular A-73.

FOR FURTHER INFORMATION CONTACT: Suzanne Murrin, OMB, Office of Federal 
Financial Management, (202) 395-6911.

    Dated: February 28, 1995.
John B. Arthur,
Associate Director for Administration.

Office of Management and Budget

Rescission of OMB Circulars

AGENCY: Office of Management and Budget.

ACTION: Notice of Proposed Rescission of OMB Circular A-73.

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SUMMARY: Notice is hereby given that OMB intends to rescind Circular 
No. A-73, Audit of Federal Operations and Programs. The current 
circular codifies what are now common audit practices throughout the 
Federal Government and extends the application of certain principles in 
the Inspector General Act of 1978 (IG Act) to those agencies not 
covered by the IG Act. Circular No. A-73 is unnecessary because: (1) 
Its audit policy direction is largely hortatory and (2) the IG Act has 
been expanded in 1988 amendments to cover almost all Federal entities 
of significant size.

DATES: Persons who wish to comment on the proposed rescission of 
Circular No. A-73 should submit their comments no later than April 7, 
1995. The rescission will take place May 22, 1995, unless the comments 
raise significant concerns regarding the proposed rescission.

ADDRESSES: Comments should be addressed to: Suzanne Murrin, Office of 
Federal Financial Management, Office of Management and Budget, New 
Executive Office Building, 725 17th Street, NW, Room 6025, Washington, 
DC 20503.

FOR FURTHER INFORMATION CONTACT: For further information on the 
proposed rescission of Circular No. A-73, contact Suzanne Murrin on 
(202) 395-6911. For further information on OMB's overall review of its 
circulars, contact Frank J. Seidl, III, Staff Assistant, on (202) 395-
5146; or Rosalyn J. Rettman, Associate General Counsel for Budget on 
(202) 395-5600.

SUPPLEMENTARY INFORMATION: The Director of the Office of Management and 
Budget (OMB) has initiated a systematic review of all OMB circulars, as 
part of efforts to reduce unnecessary Government directives. As part of 
this initiative, each OMB circular is being reviewed to see whether it 
should be rescinded or whether its requirements can be simplified.

[FR Doc. 95-5489 Filed 3-6-95; 8:45 am]
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