Accountability

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Dictionary Says

Definition of 'Accountability'

The responsibility of either an individual or department to perform a specific function in accounting. An auditor reviewing a company’s financial statement is responsible and legally liable for any misstatements or instances of fraud. Accountability forces an accountant to be careful and knowledgeable in their professional practices, as even negligence can cause them to be legally responsible.
Investopedia Says

Investopedia explains 'Accountability'

An accountant is accountable for the integrity and accuracy of the financial statements even if errors were not made by them. Managers of a company may try to manipulate their company’s financial statements without the accountant knowing. There are clear incentives for the managers to do this, as their pay is usually tied to company performance. This is why independent outside accountants must review the financial statements, and accountability forces them to be careful and knowledgeable in their review.
Search results for

'Accountability '

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    Follow these five simple steps to keep your spending under control.

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    ... (To learn more about analyst careers, check out Becoming A Financial Analyst.) The
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  • How To Become A Corporate Board Member

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    ... Investors and their advocate groups of all sizes are looking for a permanent overhaul
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  • Lender Whining About Credit Card Act Unmerited

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    ... Despite a fair amount of whining from the big banks, which felt they'd be adversely
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  • Treasury International Capital

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    ... Today, dollar values as well as currency claims and liabilities of transactions
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  • Series 66 Study Guide - Exam Preparation - Final Words ...

    http://www.investopedia.com/exam-guide/series-66/exam-preparation/final-words.asp
    ... state. Just remember that registration creates accountability, and
    accountability demands responsible securities transactions. Tweet. ...

  • Uncovering A Career In Forensic Accounting

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    ... reporting standards for corporations, came in response to corporate and accounting
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  • Top 8 Ways To Stick To Your Budget - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/How-To-Make-Yourself-Stick-To-Your-Budget.aspx
    ... things over. You can also have accountability with your frugal buddies
    and check each other on sticking to those budgets. (Check ...

  • Top Qualities Of An Effective CEO - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/Top-Qualities-Of-An-Effective-CEO.aspx
    ... employees and quash new ideas. Likewise, there has to be accountability and
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  • Shaw Group Looks To Rebuild In 2012

    http://stocks.investopedia.com/stock-analysis/2011/Shaw-Group-Looks-To-Rebuild-In-2012-SHAW-GVA-TEX-JEC-FLR1102.aspx
    ... In addition, the company announced organizational changes among the senior staff,
    in an effort to simplify the chain of command and create more accountability. ...

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