What is the key differences between audit risk & business risk?
Ask the Tutor ACCA AA
AuditRisk vs Business risk
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Only audit risk is examinable in AA and I strongly urge you to read my short but comprehensive notes on it in Chapter 9 of our notes https://opentuition.com/acca/aa
Since business risk is not examinable, I think it's better to not even think about it - it is only examinable in AAA - so the distinction is only relevant for AAA.
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