Report Manager Error in Google Chrome: User 'xxx' does not have required permissions. Verify that sufficient permissions have been granted and Windows User Account Control (UAC) restrictions have been addressed.

Problem:
If you enter http://localhost/reports in Chrome, you may see an error:

User 'xxx\xxx'' does not have required permissions. Verify that sufficient permissions have been granted and Windows User Account Control (UAC) restrictions have been addressed.

Then, you open Chrome as an admin, you still get the same message. Changing UAC does not help in this case.

Reason:
You have Google Chrome running in the background. Although it appears that you have launched a new instance of Chrome with the admin privileges, the computer still picks up the old one from the cache with less privileges.