Reference no: EM132326177

Question: Audit Of Long-Term Liabilities

A significant concern for auditors as it relates to auditing long-term liabilities is accounts requiring management estimates due to the possibility of management bias.

Research and summarize ISA540 and AU-C 540. For each standard, identify the indicators of possible management bias. Discuss whether the presence of an indicator of management bias means there is a material misstatement.

Requirements: • Write a paper of 4-6 pages in length, not counting the title and reference pages, which you must include.

• Use terms, evidence, and concepts from class readings, including professional business language.

• Cite at least 3 credible, academic, or professional sources for this assignment, outside of the textbook. Format your paper according to Writing and APA.