PCAOB AS 1105.11 provides 5 assertions relevant to the audit (the AICPA breaks these assertions out across the balance sheet and income statement in AU-C 315.A133). There is divergence in practice on the exact wording of how these assertions are categorized for assessment within the audit (for example, you will see in the case that Lilts Berger & Associates CPAs, the auditors of Oceanview Marine Company, consider "timing" or "cutoff" to be its own relevant assertion by Management, which could alternatively be seen as a combination of both the "completeness" and "existence" assertions listed under PCAOB guidance). However regardless of the exact terminology, the concepts captured under the guidance listed above capture the "assertions" made by Management over the financial statement balances they present.

Complete the below table using the PCAOB assertions listed under AS 1105.11 and give an example of a relevant account where either 1) management could intentionally get something wrong or 2) an error could be made that would result in an incorrect appearance of improvement in a company's financial position. The 3^rd assertion is already completed below for you.

Assertions	Give an example of a relevant type of transaction or account to the assertion identified to the left, and how management could commit fraud or make an error that would be relevant to that assertion.
i.
ii.
iii. Valuation or allocation	Allowance for doubtful accounts - This account is an estimate that management might try to value as being lower than it should be. By understating the value, management can overstate net accounts receivable and inflate net income
iv.
in.

Assignment 2 also discusses the fraud triangle as being a framework used to identify areas where fraud may be more likely to occur. What are the 3 conditions of the fraud triangle (this is in your case book) and provide an example of each? These do not have to be related to this case.