This problem requires you to access CPA Canada Assurance Handbook—CAS 315 Identifying and Assessing Risks of Material Misstatements Through Understanding the Entity and Its Environment. Use this standard to answer each of the questions below. For each answer, document the paragraph(s) in CAS 315 supporting your answer.

REQUIRED
a. What types of information does CAS 315 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 factors should the auditor consider to determine if a risk is a “significant risk”?
d. What guidance is provided about revising the risk assessment as the audit continues.