audit risks and ROMM

I cannot always answer Qs immediately - so you might want to check the notes for answers to your questions - I aim to address all such fundamental issues in the notes. See page 57: "Typically, you will be required to evaluate at least one of the following types of risks for a given assignment: ? Business risks ? Audit risks ? Risks of material misstatement ('ROMM'). It is essential that you can distinguish between these terms." And so the notes go on to explain the differences.