Secure Access

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Questions and Answers

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

  • Granting full transactional access
  • Granting access to make transactions
  • Sharing login credentials
  • Granting 'View Only' access (correct)

What can accountants do with 'View Only' access to bank accounts?

  • Access personal financial data
  • Pay bills and move money
  • See statements and check images (correct)
  • Make transactions and transfers

Why is trust and transparency important in the relationship with the accountant?

  • To limit the accountant's access
  • To complicate the financial partnership
  • To avoid sharing any information
  • To ensure accurate financial data (correct)

What can accountants gather from bank statements?

<p>Accurate information regarding expenses, income, and cash flow (A)</p> Signup and view all the answers

What is emphasized as the significance of ensuring financial data accessibility?

<p>Ensuring accuracy and accessibility to those who need to know (B)</p> Signup and view all the answers

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