(b) (i) Discuss the relationship between the concepts of ‘business risk’ and ‘financial st

(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