(b) (i) Discuss the relationship between the concepts of ‘business risk’ and ‘financial statement risk’; and
(4 marks)
(b) (i) Discuss the relationship between the concepts of ‘business risk’ and ‘financial statement risk’; and
(4 marks)
(b) (i) Business risk is defined as a threat which could mean that a business fails to meet an ongoing business objective.Business risks represent problems which are faced by the management of a business, and these problems should beidentified and assesse
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