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Accountable relationship
Refers to the relationship that exists between the parties in an assurance engagement. An accountability relationship is a prerequisite for an assurance engagement. An accountability relationship exists when one party (the accountable party) is answerable to and/or is responsible to another party (the user) for a subject matter or voluntarily chooses to report to another party on a subject matter. The accountability relationship may arise either as a result of an agreement or legislation, or because a user can be expected to have an interest in how the accountable party has discharged its responsibility for a subject matter. (Source: Canadian Institute of Chartered Accountants)
source: ITAF, ISACA, 2008
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