Assertions made by management about the accounts receivable account are given below. Please identify the PCAOB assertion illustrated by each assertion. You are encouraged to reference Exhibit 1.5 to help you answer this question. PCAOB Assertion Managements Assertion about Accounts Receivable Management asserts that Accounts Receivable on the balance sheet represent valid amounts owed to the company that were likely provided in exchange for goods or services from the company. Management asserts that all amounts that should be recorded and included in the financial statements as accounts receivable actually have been recorded. Management asserts that Accounts Receivable are stated at net realizable value. Management asserts that the Accounts Receivable on the balance sheet really are owned by the company. As a result, they have not factored (i.e., sold) any of the balances that are listed on the balance sheet. Management asserts that the presentation of accounts receivable and the related allowance for doubtful accounts have been presented and are disclosed in accordance with GAAP. Completeness Existence or Occurrence Rights and Obligations Valuation or Allocation