audit of long-term liabilities | Accounting homework help

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 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.


  • 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. (Links to an external site.)