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

****** these are the choices=Material weakness Cognizant agency Major programs Material weakness Oversight agency

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

2. A deficiency in internal control such that there is a reasonable possibility that a material misstatement of the entitys financial statements will not be prevented, or detected and corrected on a timely basis. Material weakness

3. 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. Major programs

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

5. 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. Material weakness