What types of performance measurements might affect the risk of material misstatement?

This problem requires you to access PCAOB Auditing Standard
AS 2110, Identifying and Assessing Risks of Material Misstatements (pcaobus.org). Use this standard to answer each of the questions below. For each answer, document the paragraph(s) in AS 2110 supporting your answer.
a. What types of information does AS 2110 suggest the auditor should consider when
obtaining an understanding of the company and its environment?
b. What types of performance measurements might affect the risk of material
misstatement?
c. What specific issues should be included in the discussion among engagement team
members regarding the risk of material misstatement?
d. What factors should the auditor consider in determining whether a risk is a “signifi-
cant risk”?
e. What guidance is provided about revising risk assessments as the audit continues?

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