Four main Business risks 

Describe the following four main risks
         Business risk
         Financial reporting risk
         Engagement risk
         Audit risk
In your each of your descriptions, provide at least 1 example scenario, and answer the following:
•         How would each of your examples be mitigated?
•         Which do you feel would be the hardest to mitigate? Why?
•         How does materiality play into the risk analysis?

600 words

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