Explain in Your Own Words Why Accountability Is the Cornerstone

question 28

Essay

Explain in your own words why accountability is the cornerstone of all financial reporting in government.

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Definitions:

Common Carrier

A business or agency that is available to the public for transportation of people, goods, or messages, under certain legal obligations.

Possession

The state of having, owning, or controlling something, typically physical.

Bailment

The act of temporarily placing control over or possession of personal property in another's hands, for a specific purpose.

Reward

A benefit or recognition given in response to an action, achievement, or service, often used as motivation or compensation.