Accountabilibity - Study guides, Class notes & Summaries

Accountability - correct answer To possess and have use of the property of another with delegated duties and responsibilities, subject to penalty in case of default. Note those "accountable do not have legal or rightful title to the property. Ownership - correct answer Having legal or rightful title to property. Responsibility - correct answer To be answerable for a trust or obligation. Two key decisions when defining the "control" population of property within an organization....