Which element of a finding does the information present

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Reference no: EM133901977

Problem

The city is required by grant terms to provide matching funds of $160,000 for its transportation grant. However, the city's records reported matching expenditures of only $19,800. The difference between the required match and the actual match of $140,200 represents noncompliance that is considered material relative to the financial statements. Get the instant assignment help. Which element of a finding does the information present?

Reference no: EM133901977

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