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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</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</p> Signup and view all the answers

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Questions and Answers

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

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

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

What can accountants gather from bank statements?

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

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