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"Accountability" derives from the late Latin accomptare (to account), a prefixed form of computare (to calculate), which in turn is derived from putare (to reckon). [6] While the word itself does not appear in English until its use in 13th century Norman England, [7] the concept of account-giving has ancient roots in record-keeping activities related to governance and money-lending systems ...
Transparency with accountability has proven to be more effective as a trustworthy relationship can be built between government agencies and people governed by them. [61] The argument with or without transparency was mentioned previously and highlights major issues such as losing governmental trust or privacy issues with accountability.
Accountability and transparency are of high relevance for non-governmental organisations (NGOs). In view of their responsibilities to stakeholders, including donors, sponsors, programme beneficiaries, staff, states and the public, they are considered to be of even greater importance to them than to commercial undertakings. [ 9 ]
Such governance guides the formulation, implementation, and evaluation of the group's objectives, policies, and programs, ensuring smooth operation in various contexts. It fosters trust by promoting transparency, responsibility, and accountability, and employs mechanisms to resolve disputes and conflicts for greater harmony.
Media transparency is a means to diminish unethical and illegal practices in the relationships between news sources and the media. Within a study conducted by the Government Information Quarterly it is stated that, "The focus on corruption as an economic issue has been part of an overall rise in global interest in transparency.
Disclosure and transparency: [20] [21] Organizations should clarify and make publicly known the roles and responsibilities of board and management to provide stakeholders with a level of accountability. They should also implement procedures to independently verify and safeguard the integrity of the company's financial reporting.
The unique nature of the credit crisis and the unprecedented response by governments around the world has reinforced the importance of high-quality standards for financial reporting by governments. The credit crisis has increased the need for accountability in the public sector and for transparency in its financial dealings.
The key to this approach is for teams to be able to have transparent conversations with their "leader" regarding things that are not normally discussed in the work setting, such as the meaning of loyalty, openness, and transparency; the meaning of work and how it fits in with our lives; relationships between us in the team; responsibility, accountability, and taking initiative; and the service ...