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Questions and Answers
What is the most common practice when granting bank account access to accountants?
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?
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?
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?
What can accountants gather from bank statements?
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What is emphasized as the significance of ensuring financial data accessibility?
What is emphasized as the significance of ensuring financial data accessibility?
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