AIS EXAM 3 FINAL PAPER 2026 FULL
QUESTIONS AND CORRECT ANSWERS
STUDY GUIDE
◉ cash collection process controls
Answer: 1 a. Proper segregation of cash handling and
posting to customer accounts, authorize
credit memos, or reconcile bank account
b. Use lockbox
c. Deposit all cash receipts daily
2 a. Lockbox
b. Discounts for early payment
c. Cash flow budgeting
◉ what are the basic expenditure cycle activities?
Answer: Order materials, supplies, and services
Receive materials, supplies, and services
Approve supplier (vendor) invoice
, Cash disbursement
◉ expenditure cycle general threats
Answer: Inaccurate or invalid master data
Unauthorized disclosure of sensitive information
Loss or destruction of data
Poor performance
◉ expenditure cycle general controls
Answer: Data processing integrity controls
Restriction of access to master data
Review of all changes to master data
Access controls
Encryption
QUESTIONS AND CORRECT ANSWERS
STUDY GUIDE
◉ cash collection process controls
Answer: 1 a. Proper segregation of cash handling and
posting to customer accounts, authorize
credit memos, or reconcile bank account
b. Use lockbox
c. Deposit all cash receipts daily
2 a. Lockbox
b. Discounts for early payment
c. Cash flow budgeting
◉ what are the basic expenditure cycle activities?
Answer: Order materials, supplies, and services
Receive materials, supplies, and services
Approve supplier (vendor) invoice
, Cash disbursement
◉ expenditure cycle general threats
Answer: Inaccurate or invalid master data
Unauthorized disclosure of sensitive information
Loss or destruction of data
Poor performance
◉ expenditure cycle general controls
Answer: Data processing integrity controls
Restriction of access to master data
Review of all changes to master data
Access controls
Encryption
