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Granting Accountant Access Quiz

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Questions and Answers

What is the most common practice when granting bank account access to accountants?

Providing access to pay bills and make transfers

Granting 'View Only' access (correct)

Granting full transactional access

Sharing login credentials

What is the significance of looking at bank statements for accountants?

Monitoring stock market investments

Gathering accurate information on expenses, income, and cash flow (correct)

Tracking personal expenses of the business owner

Verifying employee salaries

What is essential for a long-lasting relationship with an accountant?

Frequent changes in accountants

Strict control over information

Trust and transparency (correct)

Regular financial audits

What does granting 'View Only' access allow accountants to do?

<p>See statements and check images (A)</p> Signup and view all the answers

What oath do the CPAs mentioned in the text take seriously?

<p>Honor data privacy (A)</p> Signup and view all the answers

Granting Accountant Access Quiz

Choose a study mode

Podcast

Questions and Answers

What is the most common practice when granting bank account access to accountants?

What is the significance of looking at bank statements for accountants?

What is essential for a long-lasting relationship with an accountant?

What does granting 'View Only' access allow accountants to do?

What oath do the CPAs mentioned in the text take seriously?

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