Engagement Economics
What is the recommended response time for client communications?
What is within 24 hours?
What is the first step in the five-step accounting research process?
What is identifying the issue?
For which years are temporary deductions for tips and overtime available under OBBBA?
What are tax years 2025–2028?
What is a frequent accounting mistake in daily operations?
What is expense misclassification?
What is Copilot Chat designed for in Microsoft 365 and Teams?
What is professional, secure, and enterprise use?
Who is the first line of defense in client communication and project management?
Who is the engagement supervisor or manager?
What foundational question helps frame accounting issues?
What am I giving up and what am I getting in return?
What is the maximum deduction for tips for all filers under OBBBA?
What is $25,000?
What is a consequence of incomplete reconciliations?
What is trust erosion or non-compliance with audit/regulatory bodies?
What is a benefit of using Copilot Chat with Excel data?
What is spotting anomalies and creating pivots/charts?
What financial metric helps assess how efficiently staff time is being used on engagements?
What is utilization?
What is the highest level of authoritative guidance under US GAAP?
What is the FASB Accounting Standards Codification (ASC)?
What new savings account is designed for children under 18, regardless of family income?
What is a Trump Account?
What process helps prevent accounting errors?
What is a robust review process with self and secondary review?
What is a recommended prompt engineering tip for Copilot?
What is being clear and specific, providing context, and asking for output format?
What metric helps balance utilization and budgeted resources to complete a project?
What is engagement economics?
What is a common pitfall in accounting research?
What is using non-authoritative sources as final answers?
What is the new SALT deduction limit effective for tax year 2025?
What is $40,000?
What internal management challenge can lead to inefficiency?
What is unclear role clarity or communication breakdowns?
How can Copilot Chat help with Teams conversations?
What is summarizing meeting chats, drafting follow-ups, and extracting key points?
When a client makes an unreasonable request, who should you promptly raise it to?
Who is your engagement manager?
What is the role of AI in accounting research?
What is summarizing, drafting, and brainstorming, but not replacing professional judgment or authoritative sources?
What business tax provision allows permanent restoration of 100% first-year bonus depreciation?
What is the bonus depreciation provision?
What is a key strategy for managing scope creep with clients?
What is tracking changes to scope and communicating them to manager/partner ASAP?
What is a best practice when using Copilot Chat with documents?
What is verifying AI responses and reviewing data accuracy?