Significant entities are federal entities consisting of the Chief Financial Officers Act entities and additional entities identified by the Department of the Treasury that are material to the Financial Report of the United States Government (FR). Federal entities are deemed material to the FR if they have data that feeds to reclassified financial statement line items or note disclosures that are greater than $1 billion. Significant entities with a year-end other than September 30 (i.e. calendar year-end) are subject to all requirements of TFM Volume I, Part 2, Chapter 4700 as well as the alternated audit procedures as outlined in Sub-section 4705.40. See Appendix 1 of TFM Volume I, Part 2, Chapter 4700 for the complete list of significant entities.