Please access PCAOB Auditing Standard No. 12 "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 No. 12 supporting your answer.

a. What types of information does AS No. 12 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 to determine if a risk is a "significant risk"?

e. What guidance is provided about revising the risk assessment as the audit continues?