The Single Audit Act distinguishes between major and nonmajor federal programs. One factor that distinguishes a major from a nonmajor program is inherent risk. Which of the following is not a characteristic of $$ inherent risk$?$

Significant prior audit findings.

Significant violation of the terms of a specific grant due to a misunderstanding of the requirements.

Weakness in the entity's internal controls.

Lack of oversight by federal agencies.