2. 2. (TCO G) Business risk must be assessed in performing an audit. (a) Define business risk in association with an audit and describe several sources of such risk. (b) How does business risk relate to the performance of preliminary analytical procedures in an audit? (c) There are four major areas in planning an audit engagement and there are subparts to each of the four major areas. Please identify the four major areas and the subparts that are associated with the major areas (Points : 30)