You have been hired to perform the audit of hanmei, inc.’s financial statements. when planning such an audit, you often may need to access the profession’s auditing standards to perform research. for each of the following circumstances, select the topic most closely related in the professional standards topics below. a topic may be selected once, more than once, or not at all. professional standards topics: 1. analytical procedures 2. materiality in planning and performing an audit 3. consideration of fraud in a financial statement audit 4. understanding the entity and its environment and assessing the risks of material misstatement 5. consideration of laws and regulations 6. management representations 7. related parties