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What is accountability is all about, from a business context?

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Question added by Nagmeldin Mohamed , Finance Officer , World Food Program - Sudan
Date Posted: 2014/03/31
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Accountability is an individual or departmental responsibility to perform a certain function. Accountability may be dictated or implied by law, regulation, or agreement. A framework for justifying management organizational actions, whether they are financial or employment-related.

Abdul Samad Nadeem Malik
by Abdul Samad Nadeem Malik , Business Support Officer , Thimar Al Jazirah - 3M ESPE

Accountability forces an accountant to be careful and knowledgeable in their professional practices, as even negligence can cause them to be legally responsible.

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