Give three examples of conditions and events that may indicate the existence of business risks

 Some examples of conditions and events that may indicate the existence of business risks are

• Significant changes in the entity such as large acquisitions, reorganizations, or other unusual events.
• Significant changes in the industry in which the entity operates.
• Significant new products or services or significant new lines of business.
• New locations.
• Significant changes in the IT environment.
• Operations in areas with unstable economies.
• High degree of complex regulation.