T3 1.A well-designed AIS should provide adequate controls in the general ledger and reporting system (or any cycle) to ensure that control objectives are met. Discuss those control objectives. 2.Describe several technologies developed for producing the time and attendance fil in a modern business with telecommuting employees working from multiple locations. 3.List, in order, the steps in the Financial Accounting Process. 4.What are the major exposures in the general ledger/financial reporting system?