$2.$ All of Cheap Groceries' premises are leased. Three of the leases are due to expire prior to the end of the current financial year. In two cases, the land on which the premises are situated has been rezoned as residential. Due to 'prior use' legislation, this does not prevent the premises from being used as a supermarket in the future. However, it does mean the land's value has increased and, on this basis, the lessor is demanding a $50$ per cent increase in rent. Cheap Groceries is also experiencing difficulties with one of its major suppliers, which has withdrawn their volume rebates and reduced payment terms from $30$ days to $14$ days. Cheap Groceries has recently initiated legal action against a major supermarket chain for anticompetitive behaviour and predatory pricing.

Required: $($a$)$ Identify five business risks for Cheap Groceries that may lead to the risk of material misstatement in the financial report.

$($b$)$ For each business risk, you identified in $($a$)$ above, describe how it may lead to the risk of material misstatement in the financial report.