Artículo 1. Section 1

Obtaining an understanding of the company and its environment (paragraphs .07-.17); Obtaining an understanding of internal control over financial reporting (paragraphs .18-.40); Considering information from the client acceptance and retention evaluation, audit planning activities, past audits, and other engagements performed for the company (paragraphs .41-.45); Performing analytical procedures (paragraphs .46-.48); Conducting a discussion among engagement team 4A members regarding the risks of material misstatement (paragraphs .49–.53); and Inquiring of the audit committee, management, and others within the company about the risks of material misstatement (paragraphs .54-.58). Note: This standard describes an approach to identifying and assessing risks of material misstatement that begins at the financial statement level and with the auditor's overall understanding of the company and its environment and works down to the significant accounts and disclosures and their relevant assertions. 5 Inquiring of the audit committee, management, and others within the company about the risks of material misstatement (paragraphs .54-.58). Note: This standard describes an approach to identifying and assessing risks of material misstatement that begins at the financial statement level and with the auditor's overall understanding of the company and its environment and works down to the significant accounts and disclosures and their relevant assertions. 5