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If you set a closing date with a password, can a client's office manager with standard access make changes to transactions? If so , how

If you set a closing date with a password, can a client's office manager with standard access make changes to transactions? If so, how would you track any changes they make in the closed period?
Yes, but only if they know the password. Changes are flagged in the Exceptions to Closing Date report
Yes, they can make changes to transactions, even without the password.
Changes are flagged in the Exceptions to Closing Date report
Yes, but only if they know the password. There's no way to track changes
No. Even if this user knows the password, they can't change transactions on
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