Select the definition that best matches each key term relating to audits of government and not$-$for$-$profit organizations.

The federal agency that makes the predominant amount of direct funding to the nonfederal entity receiving more than $$50$ million in federal awards.

A deficiency in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial

statements will not be prevented, or detected and corrected on a timely basis.

An audit prescribed by federal law for state and local governments and not$-$for$-$profit organizations that expend more than

$$750,000$ in a fiscal year.

Used by auditors to determine which programs will be audited as part of the single audit.

A monetary item identified by an auditor in an audit finding that generally relates to noncompliance with a law, regulation, or agreement, where the costs are either not supported by adequate documentation or appear unreasonable.