1.

It consist of people, procedures, data, software and information technology

1 point

ACCOUNTING INFORMATION SYSTEM

Your answer

2. A basic subsystem s in the AIS which involves activities of obtaining necessary

funds to run the organization, repay creditors, and distribute profits to investors.
1 point

FINANCING CYCLE
Your answer

3. A basic subsystem s in the AIS which involves activities converting raw materials
and labor into finished goods.
1 point

PRODUCTION CYCLE
Your answer

4. This refers to professionals who need to understand enough about the client's AIS
to be confident that the information used for tax planning and compliance work is
complete and accurate
1 point

TAX PROFESSIONALS
Your answer

5. This is provided by AIS by ensuring the information produced by the system is

reliable.
1 point

TO PROVIDE ADEQUATE INTERNAL CONTROLS