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</p> Signup and view all the answers

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

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

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