; (C) Governmentwide improper payment reduction targets; (D) a Governmentwide estimate of improper payments; and (E) a discussion of progress made towards meeting Governmentwide improper payment reduction targets. (g) Guidance by the Office of Management and Budget (1) In general Not later than 1 year after the date of enactment of this section, the Director of the Office of Management and Budget shall prescribe guidance for executive agencies to implement the requirements of this section, which shall not include any exemptions to those requirements that are not specifically authorized by this section. (2) Contents The guidance under paragraph (1) shall prescribe— (A) the form of the reports on actions to reduce improper payments, recovery actions, and Governmentwide reporting; and (B) strategies for addressing risks and establishing appropriate prepayment and postpayment internal controls. (h) Determinations of agency readiness for opinion on internal control The criteria required to be developed under section 2(g) of the Improper Payments Elimination and Recovery Act of 2010, as in effect on the day before the date of enactment of this section— (1) shall continue to be in effect on and after the date of enactment of this section; and (2) may be modified as determined appropriate by the Director of the Office of Management and Budget. (i) Recovery audits (1) In general (A) Conduct of audits Except as provided under paragraph (3) and if not prohibited under any other provision of law, the head of each executive agency shall conduct recovery audits with respect to each program and activity of the executive agency that expends $1,000,000 or more annually if conducting the audits would be cost effective. (B) Procedures In conducting a recovery audit under this subsection, the head of an executive agency— (i) shall give priority to the most recent payments and to payments made in any program identified as susceptible to significant improper payments under subsection (a)