SA Qu. 11-67 Select the definition that best... Select the definition that best matches each key term relating to audits of government and not-for-profit organizations. 1. A process that culminates in an opinion that financial statements present fairly an entity's financial position and results of operations in conformity with GAAP 2. An auditor's judgment as to the level at which the quantitative or qualitative effects of misstatements will have a significant impact on user's evaluations. 3. Standards prescribed by the AICPA to provide guidance for planning, conducting, and reporting on audits by CPAs. 4 Professional services that include an examination, a review, or an agreed-upon procedure 5 Units of the government on which the auditor expresses an opinion (e g. governmental activities, each major governmental fund, etc.)