ACCOUNTABILITY

Accountability

Accountability

Introduction

The main purpose of this paper is to make discussion on the issue that is it necessary for organizations to act responsibly and ethically. It is a common perception that corporations that do not act in a sensible way get punishment from the markets. They get the punishment from customers that do not purchase their products; also, the investors do not make investments in the company, and employees do not prefer the place suitable for employment. This paper makes an argument on issues related to the market regulations VS the state regulations, and discusses the pros and cons of these two regulations (Crowther, 2003, p. 23).

Discussion

Accountability is the obligation to inform some people that the law determines, for all the history, facts and results of an operation or administration conducted in accordance with the entries in the books of those who pays and accompanied by the respective vouchers. It is an obligation - not a burden - for, in all cases, a creditor of the same: the co-contractor or the person on whose behalf it acts (Reidenbach, 2008, p. 871). We understand that is contractual in nature, since it is an obligation on the trader who has entered into commercial business by imposing that, in all cases, is accountable to its co-contractor. The requirement may be waived by agreement, and this is so it does not affect public order. If a party agrees that the other does not accountable, then you can dispense, without implying, of course, exempt, of course, responsibility. Any doctrine interprets this rule applies to contested cases, which questions the content of accountability.

Other authors give a comprehensive interpretation of the rule (Reidenbach, 2000, p. 639). They argue that the rule merely wanted to establish the legal position of the parties as creditors or debtors, but not fixed when accountability has been approved or, when challenged, has resolved the controversy over the matter. It has considered whether the account is explicitly or tacitly approved enforcement. We understand that. They are only enforceable in accordance with the Code of the process, the court approved accounts and bills of sale of goods subscribed by the obligor or his representative, acknowledged or recognized given by the courts.

If the account is rendered at trial and it is approved, the account shall be enforceable. In businesses, there is a significant importance of business accountability and integrity. These components are considered to be the most important factors which a company should adopt (Ralston, 2007, p. 177). For any business, the importance of accountability is growing because a thriving business is one that is accountable and has some integrity. It is very necessary for businesses that they should follow the integrity and honesty in their business. There are many advantages of adopting honesty and integrity in the business practices. The companies that adopt integrity in their businesses result in successful business and corporate growth. It is the general perception with observations that the businesses that do not adopt the integrity and follow the dishonest practise ...