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Admin credentials required for audit?

Posted on 2013-11-07
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Last Modified: 2013-11-14
Experts:
We have Quickbooks 2011 Premier Non profit  edition installed.  A third party tax firm audits our business annually.  In addition to requesting an accountants copy of the company file, they also request a user account in Quickbooks, and for credentials to the administrator account.
Is this standard practice?
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Question by:AE_JB
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John Hurst earned 1700 total points
ID: 39632445
For the auditors to use all the functions of QuickBooks, yes, this would be a requirement.

I have stopped giving QuickBooks files to auditors. They do not need actual ledgers. I do my own adjusting entries.

I give Auditors the general ledger using an Excel export of the GL. This serves their need as well (imports directly into their tax program) and avoids giving them the QB file.

... Thinkpads_User
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Author Closing Comment

by:AE_JB
ID: 39647971
Thanks.  I'll discuss with client and auditor as needed.
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LVL 98

Expert Comment

by:John Hurst
ID: 39647979
@AE_JB - Thanks and I was happy to help. Good luck with your Accountants. I work amicably with all my accounting colleagues and all works well.

... Thinkpads_User
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