Financial Accountability
/ˌfaɪˈnænʃəl əˌkaʊntəˈbɪləti/
Definitions
- (n.) The obligation of an individual or organization to manage financial resources responsibly and transparently, ensuring proper use, reporting, and compliance with applicable laws and regulations.
The government agency ensured financial accountability by conducting annual audits of its expenditures.
Forms
- financial accountability
Related terms
See also
Commentary
Financial accountability is central to legal frameworks governing public funds, corporate finances, and fiduciary relationships, emphasizing transparency and liability in financial management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.