… This Auditing Standard deals with the auditor’s responsibilities relating to accounting … disclosures. It also includes requirements and guidance on the evaluation of misstatements of accounting estimates and … Risks of Material Misstatement through Understanding the Entity and Its Environment . [2]     See ASA 330 The …

… This Auditing Standard requires the auditor to evaluate, based on the audit procedures performed and the audit evidence … accounting estimate and the facts and circumstances of the entity; The selection of management’s point estimate; and The …

… Management bias – A lack of neutrality by management in the preparation of information. (Ref: Para.  A17 ) …