; and (2) include a statement by the chief financial officer of the executive agency— (A) certifying— (i) the reliability of the executive agency’s identification of programs and activities that may be susceptible to significant improper payments under subsection (a); and (ii) the validity of each estimate of improper payments under subsection (c); and (B) describing the actions of the chief financial officer of the executive agency to monitor the development and implementation of any corrective action plans reported under subsection (d). . (c) Financial and administrative controls relating to fraud and improper payments Section 3357 of title 31, United States Code, is amended by striking subsection (d) and inserting the following: (d) Reports For each fiscal year beginning in the first fiscal year after the date of enactment of the Safeguarding the Transparency and Efficiency of Payments Act , and in each of the following 9 fiscal years, the head of each agency shall submit to Congress, in the report containing the annual financial statement of the agency, a report— (1) on the progress of the agency in— (A) implementing— (i) the financial and administrative controls required to be established under subsection (c)(1); (ii) the fraud risk principles in the Standards for Internal Control in the Federal Government of the Government Accountability Office; and (iii) Circular A–123 of the Office of Management and Budget with respect to the leading practices for managing fraud risk; (B) identifying fraud risks and vulnerabilities, including with respect to payroll, beneficiary payments, grants, large contracts, and purchase and travel cards; and (C) establishing strategies, procedures, and other steps to curb fraud