Algorithmic accountability refers to the responsibility of developers to ensure their algorithms are fair and unbiased, a critical aspect in technology that impacts various sectors from finance to social media.
An in-depth look at answerability, its historical context, types, key events, detailed explanations, importance, applicability, examples, and more.
The Audit Commission was an independent public body in England and Wales tasked with ensuring economical and effective public spending in various sectors until its abolition in 2015.
A legal defence where a senior executive claims ignorance of fraudulent or unlawful practices within their company.
The Combined Code on Corporate Governance provides a set of principles and standards for good corporate governance practices, ensuring transparency, accountability, and integrity within business organizations.
Compliance Reports document adherence to legal and regulatory requirements to demonstrate accountability and avoid penalties.
An in-depth exploration of Corporate Governance, including its historical context, key events, detailed explanations, importance, applicability, examples, related terms, and FAQs.
The Corporate Governance Code is a set of best practice guidelines in corporate governance that ensures transparency, accountability, and ethical conduct in corporations. First issued with the Hampel Report of 1998, it incorporates recommendations from the Cadbury and Greenbury Reports and is regularly updated.
An in-depth look into Corporate Social Reporting (CSR), its historical context, types, key events, methodologies, and its significance in modern business practices.
Delegation is the process of sharing or transferring authority from a superior to a subordinate, while retaining accountability.
The European Court of Auditors (ECA) is an institution of the European Union (EU) responsible for auditing the EU's finances.
Ethical standards are principles that guide the professional conduct and practice in various fields, ensuring integrity, accountability, and fairness.
A comprehensive guide to the European Court of Auditors, its historical context, key events, functions, importance, and more.
Fiduciary duty is the legal and ethical obligation to act in the best interest of another party, often involving managing assets or making decisions that impact the party being served.
GASB sets accounting standards for state and local governments in the U.S., ensuring financial transparency and accountability.
A comprehensive guide to the framework of rules, practices, and processes by which organizations are directed and controlled, ensuring accountability, fairness, and transparency.
The responsibility of government agencies to act according to legal and ethical guidelines and to answer for their financial and administrative actions. Ensuring that public officials use privileges like franking responsibly.
Impunity refers to the absence of punishment or accountability for actions, often due to systemic issues or legal loopholes.
A comprehensive guide to understanding the differences between liability and accountability, their implications in various fields, and their significance in personal and professional settings.
An overview of the National Audit Office, its roles, functions, and significance in public sector accountability and governance.
An in-depth exploration of the National Audit Office (NAO), its history, functions, methodologies, importance, and impact on public accountability.
New Public Management (NPM) refers to a series of reforms and administrative practices designed to bring efficiency, transparency, and accountability to the public sector by adopting private sector management techniques.
An ombudsman is an official responsible for investigating complaints against the administration of institutions, offering a crucial role in ensuring justice and transparency.
Oversight refers to the supervisory actions taken by an authoritative body to ensure that protocols, regulations, and standards are adhered to, preventing errors and promoting accountability.
A post-completion audit involves comparing actual cash flows to forecasted cash flows for an investment to identify discrepancies and improve future forecasts.
Professional standards are the benchmarks for acceptable practice within various professions, ensuring quality, accountability, and ethical behavior.
The Public Accounts Committee (PAC) is a crucial parliamentary body tasked with examining government expenditure to ensure transparency, accountability, and value-for-money in public spending.
An in-depth examination of government accounts by an independent body, aimed at ensuring transparency, accountability, and integrity in public financial management.
An in-depth exploration of Public Financial Management, its historical context, key components, models, and its crucial role in governance and economic stability.
The Public Interest Oversight Board (PIOB) oversees the standard-setting processes in the International Federation of Accountants (IFAC) to ensure they serve the public interest.
Responsible AI is the practice of designing, developing, and deploying artificial intelligence (AI) in a manner that is ethical, transparent, and accountable. It addresses concerns about AI ethics, transparency, and accountability to ensure beneficial and fair outcomes.
Exploring the role and functions of the Review Panel in ensuring financial accountability and transparency.
An EU directive aimed at increasing accountability and improving public confidence in the auditing profession, comparable to the US Sarbanes-Oxley Act.
A traditional approach to accounting that places an obligation on stewards or agents to provide relevant and reliable financial information relating to resources over which they have control but which are owned by others, such as shareholders.
Traceability focuses on the capability to trace the history, application, or location of an item through recorded identification data. It is an essential aspect of supply chain management, quality assurance, regulatory compliance, and accountability.
Policy measures whose operation is open to public scrutiny, ensuring clarity in decision-making processes, stakeholders, benefits, and costs. Examples include the setting of official interest rates by the Monetary Policy Committee.
The United Nations Convention against Corruption (UNCAC) is a global treaty aimed at preventing corruption and promoting transparency, integrity, and accountability.
Comprehensive explanation of accountability as a framework for justifying management organizational actions, whether they are financial or employment-related. Detailing examples, historical context, applicability, and related terms like transparency.
Fund Accounting is a system used by nonprofit organizations, focusing on accountability over profitability. It ensures proper stewardship of financial resources in compliance with legal requirements.
The General Accounting Office (GAO), now known as the Government Accountability Office, is a legislative branch government agency that provides auditing, evaluation, and investigative services for the United States Congress.
The General Accounting Office (GAO), now known as the Government Accountability Office, is an independent, non-partisan agency that supports the U.S. Congress in its oversight responsibilities.
An in-depth examination of the Government Accountability Office (GAO), including its history, primary functions, impact, and key examples of its work in auditing government spending and operations in the United States.
A comprehensive overview of the role, responsibilities, and impact of non-executive directors in corporate governance. Understand how these key board members influence company strategy and ensure accountability.
