Accountability

Noun

1. The state of being accountable; liability to be called on to render an account or give an explanation; liability to be held responsible or answerable for something.
2. An open determination of one's responsibility for something and imposition of consequences.
3. An acceptance of good faith of one's responsibility for something and of its consequences.
4. The obligation imposed by law or regulation on an officer or other person for keeping an accurate record of property, documents, or funds.